2 Reasons Royal Caribbean Stock Could Sink
Looking at the stock market, it's hard to believe the U.S. is in the middle of a pandemic and experienced one of the sharpest plunges into recession in memory. At one point, the market, as measured by the broad S&P 500 index, was down by more than 30%. But with the exception of companies in hard-hit industries like cruising and air travel, stocks have recovered most of their February and March losses, putting the S&P 500 on track to shortly get back to year-to-date gains.
If you missed out on that big rally back from the market's late-March low, you might be tempted to bargain hunt among stocks that haven't rebounded. Specifically, you might be looking at cruise stocks like Royal Caribbean (NYSE: RCL), which are still extremely cheap. Here's why that would be a mistake.
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Source Fool.com
