Why Royal Caribbean, Norwegian Cruise Line, and Carnival Corporation Stocks All Just Popped

What happened

Cruise line stocks surged out of port Thursday, with shares of Royal Caribbean (NYSE:RCL) rising 5.3% in 11:50 a.m. EST trading, Norwegian Cruise Line Holding (NASDAQ:NCLH) up 8.9%, and industry leader Carnival Corporation (NYSE:CCL) (NYSE:CUK) leading the pack — up 10.3%.

And yet, while all the stock price moves are positive, it would not be accurate to say that all the news is positive today.

Three cruise liners lined up abreast in port.

Image source: Getty Images.

So what

At first glance, it appears that Wall Street is the big catalyst behind today’s move.

This morning, Bank of America raised its price targets on the two smaller players in the cruise industry — Norwegian Cruise and Royal Caribbean. The former received a hike to $25, reports StreetInsider.com today, and the latter a hike to $60. But here’s the thing: Despite raising its price target on Norwegian nearly 40% and doubling its price target on Royal Caribbean,

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Royal Caribbean’s Quantum of the Seas is second ship to embark on cruises to nowhere from Singapore, Singapore News & Top Stories

SINGAPORE – Royal Caribbean International’s Quantum of the Seas on Thursday (Dec 3) became the second ship to start cruises to nowhere from Singapore, complete with stepped-up safety protocols to keep Covid-19 at bay.

It follows Genting Cruise Line’s World Dream, which launched Singapore’s first pandemic cruises to nowhere on Nov 6.

These round-trip cruises without ports of call are taking place under a pilot programme announced by the Singapore Tourism Board in October.

Royal Caribbean will have up to two sailings a week, departing on Mondays and Thursdays, with tickets starting at $374 per person for a three-night cruise.

The operator is offering three- and four-night Ocean Getaway cruises on the ship at a reduced 50 per cent capacity.

The first voyage, a four-night cruise carrying over 1,300 people, leaves on Thursday at 9pm. Its second, a three-night cruise leaving at 9pm on Monday, will carry over 1,700 passengers.

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Royal Caribbean Cancels All Cruises Through February 2021

Royal Caribbean announced this morning that it is canceling all sailings globally, except for Quantum and Spectrum of the Seasthrough February 28, 2021. Sister line Celebrity Cruises has also canceled all cruises within the same time frame.

harmony of the seas

Royal Caribbean’s Harmony of the Seas (Photo courtesy of Royal Caribbean)

In a statement on its website, the line said “At Royal Caribbean International, our guests and crew’s safety and well-being are always our top priorities. After further consulting with our partners at Cruise Lines International Association and in conjunction with the CDC, we have decided to extend the suspension of sailings for our global fleet for all sailings through February 28th, 2021 – excluding sailings onboard Quantum of the Seas and China Spectrum of the Seas sailings from January 24th – February 28th, 2021. Our plan is to resume further operation in March.”

In a similar statement to travel partners,

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Royal Caribbean sailing first cruise since COVID-19 suspension 9 months ago

Royal Caribbean’s first cruise in nearly nine months set sail on Tuesday, marking another step forward to normalcy for the industry that has largely been put on hold by the COVID-19 pandemic.

The cruise line has scheduled three- and four-night “ocean getaway” cruises aboard the Quantum of the Seas through March. The voyages are round trips from and to Singapore with no stops along the way. Royal Caribbean is accepting only Singapore residents as passengers for the trips.

The ship has more than 2,000 staterooms, but Royal Caribbean has said it would reduce guest capacity to no more than 50% occupancy as part of health precautions it has put in place due to the pandemic.

Royal Caribbean has scheduled three- and four-night “ocean getaway” cruises aboard the Quantum of the Seas through March.

Royal Caribbean has scheduled three- and four-night “ocean getaway” cruises aboard the Quantum of the Seas through March.
(PRNewsfoto/Royal Caribbean International)

AIDA CRUISES TO BEGIN CANARY ISLANDS TRIPS ON DEC. 5

Every passenger and crew

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Royal Caribbean Launches Its First Paid Cruise in 9 Months

For the first time in many months, paying passengers will look out over the deep blue waters of the South China Sea from the deck of a Royal Caribbean (NYSE:RCL) cruise ship. The cruise line announced recently it is preparing to launch its first short voyage since COVID-19 scuttled cruise schedules around the globe early in 2020. The cruise is launching from Singapore and is booked exclusively for residents of the Asian city-state, but is an important test for a whole series of brief cruises Royal Caribbean hopes to operate in the coming months.

Capacities of less than 50% of available passenger space and a lack of port stops are designed to limit the possibility of coronavirus exposure. All passengers and crew must undergo COVID-19 testing prior to boarding, and hospital-tier sanitation, including electrostatic fogging, will be used frequently to keep the ship’s surfaces as pristine and germ-free as possible.

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Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Fell Today



Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Fell Today


© Provided by The Motley Fool
Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Fell Today

What happened

Cruise ship stocks sank on Monday, as alarmingly high COVID-19 case counts threaten to postpone the beleaguered industry’s recovery. By the close of trading, shares of Carnival (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) were down 7.4%, 3.3%, and 3.4%, respectively.

So what

Even states that have previously been able to rein in the spread of COVID-19 have suffered a resurgence of the disease. Governors in New York and California have warned that their states’ hospitals could soon be overwhelmed. To avoid this nightmare scenario, they are enacting emergency measures, including the possibility of new stay-at-home orders.



Cruise ship stocks declined on Monday, as turbulent seas still lie ahead.


© Getty Images
Cruise ship stocks declined on Monday, as turbulent seas still lie ahead.

At the same time, the Centers for Disease Control

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November 2020 Two-wheeler Launches Wrapup: Royal Enfield Meteor 350, KTM 250 Adventure, Ducati Multistrada 950 S And More

There were pleasant surprises to look forward to this month with a handful of new products entering the Indian two-wheeler space. The Royal Enfield Meteor 350 has to be the most prolific launch amongst them all, though, but there were several other interesting bikes too.

Royal Enfield Meteor 350
The latest in line of Royal Enfield single-cylinder thumpers is finally here as the Meteor 350 burst on to the scene this month. Powered by the new J-series engine, the Meteor 350 is the replacement for the Thunderbird series and quite a promising package for those seeking a cruiser from team RE.

KTM 250 Adventure
The baby adventure motorcycle has been on our radar for quite some time now, being snapped every now and then during its testing phase. In quite a blur, KTM first shipped off a few units of the 250 Adventure to dealers and immediately launched

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LEADING ROSEN LAW FIRM Reminds Royal Caribbean Cruises Ltd. Investors of Important December 7 …

NEW YORK, Nov. 27, 2020 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Royal Caribbean Cruises Ltd. (NYSE: RCL) between February 4, 2020 and March 17, 2020, inclusive (the “Class Period”) of the important December 7, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Royal Caribbean investors under the federal securities laws.

To join the Royal Caribbean class action, go to http://www.rosenlegal.com/cases-register-1966.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose material adverse facts about Royal Caribbean’s decrease in bookings outside China and its faulty policies and procedures to prevent the circulation of COVID-19 on its cruise ships. Specifically, regarding global bookings, Royal

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Why Norwegian Cruise Line, Royal Caribbean, and Carnival Stocks All Jumped Again on Monday

What happened

This is fast becoming a tradition for investors focused on consumer discretionary spending: Buy shares of cruise line stocks over the weekend, because as surely as Monday follows Sunday, Monday morning will bring positive news of a new coronavirus vaccine, and cruise line stocks will go up.

The tradition began two Mondays ago, when Pfizer announced 90% effectiveness in its new coronavirus vaccine candidate. One Monday later, it was Moderna‘s turn to share good news. And today, right on schedule, here comes AstraZeneca with an announcement of anywhere from 62% to 90% effectiveness for its AZD1222 vaccine.

Cue the stock market rally: Norwegian Cruise Line Holdings (NYSE: NCLH) shares are up 4.8% as of 3:15 p.m. EST, and both Royal Caribbean (NYSE: RCL) and Carnival (NYSE: CCL) (NYSE: CUK) are up 5.3%. But is this the right reaction?

Collage showing a cruise ship, a man in a face mask and a microbe

Image source: Getty Images.

So what

I’m not so

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Royal Caribbean attracts 100,000 volunteers for cruise ship test runs

The president of cruise giant Royal Caribbean announced Sunday that 100,000 people have already volunteered to sail free-of-charge on their government-mandated test voyages.

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“And just like that…100,000 people have volunteered. We can’t wait to start this next phase with you all!” Michael Bayley wrote on Facebook.

CARNIVAL CRUISE LINE SUSPENDS ALL US SAILINGS THROUGH JANUARY

Just three days earlier, the company set up a “Volunteers of the Seas” Facebook page to attract those eager enough for a free ride aboard a cruise ship during the COVID-19 pandemic.

The test sailings are among the cruise ship industry protocols instituted by the Centers for Disease Control and Prevention.

7 SEADREAM CRUISE PASSENGERS TEST POSITIVE FOR CORONAVIRUS, 1 HOSPITALIZED

Cruise lines must launch the simulated voyages to test their coronavirus

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