We recently posted 16 Newest Stocks on Jim Cramer’s Radar. Royal Caribbean Cruises Ltd. (NYSE:RCL) is one of the stocks on Jim Cramer’s radar.
Cramer discussed cruise ship operator Royal Caribbean Cruises Ltd. (NYSE:RCL) in the context of experimental economics. While the company’s shares have lost 15% over the past month, Cramer recently discussed the company, especially since the stock’s recent troubles began after the release of Royal Caribbean Cruises Ltd.’s fiscal third-quarter earnings report. (NYSE:RCL) on October 28. Commenting on the results, Cramer defended the company and noted that “their actual numbers weren’t really that bad.” However, he added that Royal Caribbean Cruises Ltd. (NYSE:RCL) may have struggled with its fourth-quarter revenue outlook. While analysts were expecting the company to guide fourth-quarter EPS of $2.89, actual guidance ranges from $2.74 to $2.79. Here are Cramer’s latest thoughts on Royal Caribbean Cruises Ltd. (NYSE:RCL):
Photo by Stephanie Klepacki on Unsplash
“I think the experiential economy has taken a bit of a hit… I think Royal Caribbean has pulled back a lot, and I kind of like that. But the experience now, people say wow, I mean, everyone says wow. And I’ll come out and say, no wow very soon. For companies that have very good outlets, because there’s still a lot of money, we’ll get out of the negative moment of the government shutdown soon.”
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Read next: 30 stocks should double in 3 years and 11 Undercover AI Stocks You Can Buy Now.
Disclosure: None. This article was originally published on The monkey inside.
The post “Royal Caribbean (RCL)’s Come Down Too Much,” Says Jim Cramer first appeared on Investorempires.com.
