The bullish note lifted cruises in Thursday trading. Carnival and Norwegian gained as much as 11% and 10%, respectively. Royal Caribbean rose as much as 6%.Morgan Stanley handpicks 42 stocks to buy as their company-specific strengths help them deliver strong growth for many years to comeCruise stocks have been among the most popular"reopening trades" as investors bet on the industry to rebound alongside the virus-slammed economy.
The path back to pre-pandemic highs will come with several hurdles, the team warned. The Centers for Disease Control's October sail order gives the institute the ability to delay cruises further, and Bank of America now expects service to resume in March instead of its previous December and January projection.
A delay in service and the costs of following CDC guidelines could also lead to greater debt buildup in the near term, the analysts said. Cruise companies might need to raise additional capital in 2021, and balance sheet stress could last through the new year, the team added.Carnival traded at $23.02, down 54% year-to-date.Now read more markets coverage from Markets Insider and Business Insider:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »