{"id":63562,"date":"2023-09-20T14:23:25","date_gmt":"2023-09-20T18:23:25","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/carnival-corporation-continued-growth-expected-nyseccl\/"},"modified":"2023-09-20T14:23:32","modified_gmt":"2023-09-20T18:23:32","slug":"carnival-corporation-continued-growth-expected-nyseccl","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=63562","title":{"rendered":"Carnival Corporation: Continued Growth Expected (NYSE:CCL)"},"content":{"rendered":"
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Since the last time I wrote about cruise company Carnival Corporation & plc<\/strong> (NYSE:CUK<\/span>) in early July, its price has dropped a 20%. On the face of it, this flies in the face of my Buy rating on the stock.<\/span><\/p>\n

But the caveat to the call, is that, it was from a medium-term perspective. Moreover, the stock is still up by 92.5% year-to-date [YTD], so some profit-taking was in order. With its third quarter (Q3 2023) results expected later this month (estimated September 29th), here I take a look at how the stock could respond next.<\/p>\n

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Source: Seeking Alpha<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n

A look back<\/h2>\n

At the time I last wrote, the company was fresh from its Q2 2023 earnings report, which was littered with the following positives and formed the basis of my rating.<\/p>\n