Overthinking Cruise Stocks Could End the Carnival
If you are confused by the savage recovery of so-called “reopening” stocks, you are clearly overthinking things. Yes, sectors like hotels, amusement parks and casinos are soaring, even as revenues remain severely depressed. But markets’ new mantra seems to channel the age-old design principle: “Keep it simple, stupid.” Look no further than cruise stocks. Shares of the three major cruise […]