After three straight days of steadily rising stock prices, shares of cruise stock leader Carnival (NYSE: CCL) headed lower again on Friday, losing 3.6% through 10:50 a.m. EST. This week actually started out on a positive note for Carnival, which on Tuesday reported that its Cyber Monday sales set a new record: 50% higher volume than in the last Cyber Monday preceding the pandemic, in 2019. Monday's good news echoed Carnival's declaration earlier this year that the March 28 to April 3 period was the busiest booking week in the company's history.
A rising tide may lift all ships, but famous investor Warren Buffett once said, "Only when the tide goes out do you discover who's been swimming naked." The global pandemic event definitely saw the tide go out, and fortunes for both the world's largest cruise company, Carnival Corporation (NYSE: CCL), and fast-growing pet-supply company Chewy, Inc. (NYSE: CHWY) changed dramatically. Now, with a global return to normalcy underway, these two seem ready to tackle the challenges ahead and come out as winners in the consumer spending space.
Last night, Cunard welcomed guests to an extraordinary evening at Carlton House Terrace, London, showcasing all that Queen Anne – the latest Cunard cruise liner – has to offer to top tier media, influencers and cruise industry networks, for a full 360 brand experience.