News about Carnival

The article lists five stocks that may face pressure as interest rates rise, following the Federal Reserve's first rate increase in three years in September, with the 10-year Treasury yield already at its highest level in more than two decades. Boeing (BA), with a market value of $151.9 billion, carries about $26 billion in debt and is operating in the red this fiscal year, and its shares have fallen by double digits in 2026 partly because of its production challenges. Carnival (CCL), valued at $36.9 billion, has roughly $25 billion in debt, including $2.5 billion maturing in 2027 and $4 billion in 2028, and its shares are down about 25% from their February highs as elevated fuel prices raise operating costs. Crown Castle (CCI), a telecom infrastructure REIT valued at $33.5 billion, is described as stable but slow-growing, with its debt load and the large capital needed to maintain its network flagged as concerns as rates rise. Data is as of October 21.

Norwegian Cruise Line Holdings, Royal Caribbean and Carnival shares each rose about 3% in afternoon trading, to $15.70, $289.20 and $27.17, while the Energy Select Sector SPDR ETF (XLE) slipped 0.2% to $67.67 and the S&P 500 ETF (SPY) gained 0.3% to $768.82. The article ties the group's move to shared exposure to travel demand and operating costs, noting that fuel is one of cruise lines' largest expenses, so energy prices feed directly into costs. Carnival's Q3 FY2026 results, released on September 29, gave a positive read on demand, with CEO Josh Weinstein saying booking volumes were meaningfully ahead of last year and far outpacing capacity growth. Norwegian, the smallest of the three and the most indebted relative to its size, may be more sensitive to demand or financing swings, and its upcoming quarterly report will show whether results support the rally.

Carnival (NYSE:CCL) shares are up 17% to $26.42 over the past month after the company reported Q3 2026 results in late September and said bookings for 2027 had reached record levels. Because Carnival sells cabins well ahead of sailing, these bookings offer an early read on revenue not yet recognized. Over the same month, Royal Caribbean Group (RCL) rose 10% to $279.58, Norwegian Cruise Line Holdings (NCLH) rose 4% to $15.31, and the SPDR S&P 500 ETF Trust (SPY) gained 1%. The article notes Carnival stock is still lower for 2026 despite the rally, and says realized 2027 pricing is the key data point that will settle the question of taking profits or holding.