Is Carnival About to Sail Into Rough Waters?

Investors may suddenly feel confused about Carnival (NYSE: CCL) stock. Both Carnival and its largest competitors, Royal Caribbean and Norwegian Cruise Line Holdings, had previously stuck to bullish forecasts as bookings remained strong despite sluggishness in the market.Unfortunately, the industry may have begun to show signs of rough waters. Royal Caribbean raised guidance in its most recent earnings report, while Norwegian reduced guidance on net yield growth, an indication of how much revenue it generated relative to its capacity.Carnival does not report earnings until mid-June, so it could be several weeks before investors know whether the cruise line stock's performance more closely resembles that of Royal Caribbean or Norwegian. The question for investors is whether they can feel confident about buying Carnival stock despite that uncertainty.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool