Royal Caribbean Stock May Be Sailing Toward Stormy Seas

Following a mid-2022 fleet redeployment, Royal Caribbean (NYSE: RCL) has been a juggernaut among cruise line stocks, surging more than sevenfold over the past three years and more than doubling for the fiscal year ending Aug. 21.Undoubtedly, those are impressive data points, but the second-largest cruise operator by revenue could succumb to waning momentum over the near term as tough year-over-year comparisons and macroeconomic headwinds take hold."Don't fight the tape" is an old investing pearl of wisdom, meaning investors are better off riding trends than fighting them. The saying is relevant in discussing Royal Caribbean because the stock has had momentum on its side. Looked at differently, simply because the cruise giant could be a pullback candidate doesn't imply that the retrenchment -- if it materializes at all -- will be deep or that market participants should aggressively short the stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool