The recent sell off in Carnival Corp. has created an opportunity before the cruise operator reports earnings on Monday, according to Stifel. The cruise line operator's stock was down 13.2% this month, through Thursday's close. "We absolutely are buyers of CCL shares heading into next week's EPS release and concurrent disclosure of FY23 guidance," analyst Steven Wieczynski said in a note on Tuesday.
"We believe CCL and the industry in general are already in a well-booked position for this year, and while there may be a blip in demand due to macro concerns, we don't believe that blip will be anything concerning/material given the strong pent-up demand for vacations/travel," he wrote.
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