Carnival Corp (CCL)

[roger wilco]

So what!

So now here we are a day later, and as the ocean spray begins to settle, shares of all three major cruise lines, Carnival Corporation (NYSE:CCL) (NYSE:CUK), Norwegian Cruise Line Holdings (NYSE:NCLH), and Royal Caribbean (NYSE:RCL), are back in positive territory. In fact, as of 12:25 p.m. EDT, Carnival is leading the pack higher with a gain of 2.7%.

Is that the right reaction?

Now what

Honestly, I kind of think it might be. On the one hand, yes, the CDC's quick shoot-down of CLIA's request yesterday was disheartening. But on the other, all CDC really said was that nothing has changed since it announced its new framework for resuming cruising back on Nov. 1, 2020. That fact -- that there really are no new facts -- kind of implies that Carnival stock should be trading right back where it was trading before CLIA made its plea, and that's pretty much what Carnival's share price is telling us today.

What happens next?

Who knows?! President Biden has said he wants to get "back to normal" and "mark our independence from this virus" by July 4. The CDC that works for him doesn't seem to like that idea, but CLIA does.

Ultimately, this whole kerfuffle may boil down to a case of wires getting crossed between the White House's messaging and the CDC's. Once they get on the same page, there's still a possibility that cruise investors could see some progress toward getting back to normal -- in which case cruise stocks could do even better than they're doing today.

https://www.fool.com/investing/2021/03/25/why-carnival-corporation-stock-bounced-back-today/