Cruise Line Stocks Recover Amid Ongoing Concerns, Remain Undervalued

Cruise line stocks rose 6% on Monday after concerns about Iran escalated. Despite near-term challenges, long-term fundamentals remain strong. Shares of Royal Caribbean, Carnival, and Norwegian Cruise Line were down 15%, 24%, and 24% in March, but now trade at reasonably low valuations. The industry's sluggish end to wave season could be due to safety concerns, rising costs, and economic concerns, but buying cruise line stocks a year ago has not been a bad investment.