This is the third best performing stock in the S&P 500 this year. Do you know it?
The third best performing stock in the S&P 500 this year is Royal Caribbean. It's 105% stronger, and on Tuesday, June 27, the stock closed at its highest close since February 21, 2020. The cruise ship industry has bounced higher from the lows it reached in the wake of the Covid-19 pandemic. For this year's first quarter, the company reported occupancy of 102.1% (there are more buyers of staterooms than there is capacity), up from just 57.4% a year earlier.
I honestly don't know her much, I have some minor position in her competitor $NCLH where I still see plenty of room for growth, min to pre-Covid levels.
For me this is one of the bigger surprises of this year, I was expecting a top 5 company focused on AI and the third company is from a completely different industry.