South African food producer RCL Foods reported on Monday a 38.8% rise in half-year earnings, largely due to gains in its groceries and baking businesses.
Royal Caribbean (RCL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Shares of Royal Caribbean Cruises Ltd. RCL have gained 46.9% over the past six months, outperforming the 29.5% rise in the Zacks Leisure and Recreation Services industry.
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Royal Caribbean Cruises: This Company Is Built To Withstand A Slowdown
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Royal Caribbean Cruises has had an eye-watering rally as consumer spending trends remain robust across commerce/ e-commerce/ retail/ travel, with the same sentiments reiterated by numerous market leaders. Despite the uncertain macroeconomic outlook, RCL continues to report growing top/ bottom-lines and increasing deposits, significantly aided by the raised prices and growing capacity. Even so, it is undeniable that the stock is now trading at a notable premium, with the pulled forward upside potential triggering a minimal margin of safety.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Recently, Zacks.com users have been paying close attention to Royal Caribbean (RCL). This makes it worthwhile to examine what the stock has in store.
The cruise industry is booming, with 37 million passengers expected this year. Royal Caribbean Group, one of the world's largest cruise operators, with 66 ships visiting ~1,000 destinations, saw its stock surge after reporting strong 2024 earnings growth and record new bookings. Ann Berry spoke with CFO Naftali Holtz to break down why - and to address public perception of the sector's impact on the environment.