The stock pick of the week is CCL (Carnival Corporation). Yes, a cruise ship company. If you haven’t bought into this yet, there is still time as the stock remains below $14. The high was over $71 in 2018, and the ValuEngine models like it very much at this price. Patience will be in order, as virus news and how long the recovery takes will affect CCL greatly. But the recovery will come, and it should be strong for this strong buy rated stock. Cruise reservations/bookings are near normal levels for 2021, although admittedly at discounted pricing. CCL is actively working to decrease its fleet size (and related expenses) by 10% to further help the bottom line.
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