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Why Carnival Stock Jumped 12% in September

TheMotleyFool

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Why Carnival Stock Jumped 12% in SeptemberPhoto, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

Carnival Corp. (NYSE: CCL)(NYSE: CUK) stock gained 12% in September according to data provided by S&P Global Market Intelligence. Investors are getting more excited about its potential in a lower interest rate environment.

Carnival is the world's largest cruise operator, and it was a strong market-beating stock before the pandemic. It has made incredible progress in its rebound, but there are some obstacles to overcome.

Revenue and deposits are at record levels, and demand is stronger than ever. Profitability is still making its way back, but it's moving along nicely.

Source Fool.com