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 story : Cruise stocks surge, after Stifel analyst says 2022 will be the 'Year of the Cruise!' #FinanceUSA #StockMarketNEWS Shares of cruise operators rallied Friday, to buck the broad-market selloff, after

@stockMarketNEWS Sun 09 Jan, 2022

Posted in: #FinanceUSA #StockMarketNEWS

Cruise stocks surge, after Stifel analyst says 2022 will be the 'Year of the Cruise!' #FinanceUSA #StockMarketNEWS
Shares of cruise operators rallied Friday, to buck the broad-market selloff, after Stifel Nicolaus analyst Steven Wieczynski pounded the table on the group, saying 2022 was going to be known as the "Year of the Cruise!" Shares of Royal Caribbean Group , which Wieczynski said was his "top idea for 2022," climbed 3.6%; Carnival Corp. rallied 2.9%, Norwegian Cruise Line Holdings Ltd. rose 3.6%; Lindblad Expeditions Holdings Inc. tacked on 1.9%; while the S&P 500 dropped 0.6%. Wieczynski said for investors searching for recovery names that "massively underperformed" last year, he believes cruise-related names will stick out as compelling ideas. "[W]e are believers that cruise demand should remain strong throughout the majority of 2022," Wieczynski wrote in a note to clients. "While there certainly will be cancellations and itinerary adjustments in 1H22 due to COVID noise, we still believe that cruise operators are on a clear path (although might be delayed) to the all-important cash flow breakeven/positive level."


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