A Coronavirus Vaccine Won't Save the Cruise Line Stocks
All three of the country's cruise-line stocks inched lower on Monday, despite the general market moving higher. Shares of Carnival, (NYSE: CCL) (NYSE: CUK), Norwegian Cruise Line (NYSE: NCLH), and Royal Caribbean (NYSE: RCL) didn't slide by much. We're talking about a 1% to 3% dip between the three seafarers. However, it's still a notable negative return across the board on a day that was highlighted by promising news on yet another COVID-19 vaccine candidate.
It wasn't that long ago that cruise line stocks would rally on the mere whiff of a potential coronavirus-zapping treatment. It happened last week. What if a vaccine won't be enough? What if Carnival, Royal Caribbean, and Norwegian Cruise Line will need more than just a fix to what has stalled their sailings for more than four months? A cure to the global pandemic isn't the only thing that has to go right to get the industry back on track.
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Source Fool.com
