JPMorgan upgrades both Carnival (CCL) and Royal Caribbean (RCL) to overweight from neutral, saying it anticipates stronger fundamentals in the cruise industry next year. Firm notes that CCL is up 73% and RCL more than 300% since February vs S&P 500's 51%, but says the stocks will still have legs as consumer confidence improves and the macro economy does the same.
There is much more to read if anyone cares to...
I am the editor, but I also speculate, ask questions and play devil's advocate. I reserve the right to change my mind.