Authored by ZanderVanDerMerwe
Royal Caribbean Cruises is a well-known cruise line that has been providing unforgettable travel experiences to its passengers for decades. However, in recent times, the company has been facing a set of challenges that have put its future in question.
From the global pandemic and travel restrictions to increasing competition, Royal Caribbean is now struggling to keep afloat in the highly competitive cruise industry. This has led to speculation that the company may be at risk of sinking. In this article, we will explore the current state of Royal Caribbean Cruises and examine the factors that are contributing to its potential downfall.
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- Visa Inc (V) was up 10.6% as quarterly reports came out better than expected
- Mastercard Incorporated (MA) was up 9.12% as quarterly reports came out better than expected.
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Earnings Due:
| Stock | Symbol | Announcement date | Release Time | EPS Estimate |
| Royal Caribean Cruises Ltd | RCL | 31/1/2022 | Estimated | -$4.21 |
| PayPal Holdings Inc | PYPL | 1/2/2022 | Estimated | $1.08 |
| Autohome Inc | ATHM | 1/2/2022 | Estimated | $0.72 |
| Starbucks Corporation | SBUX | 1/2/2022 | Post-Market | $1.00 |
| Alphabet Inc | GOOG | 1/2/2022 | Estimated | $23.24 |
Stocks to watch:
Royal Caribean Cruises Ltd (RCL)
Quarterly earnings for Royal Caribean Cruises are set to be released today, with the chart still showing downward momentum as the travel company failed to break over $83.21 to continue to the top of the bigger daily range that it's been trading in.
Given poor financial results we should see more downside coming to $55.75 over the coming weeks. The bottom of the daily range is trading at $65.22, given a break, we should see an even bigger extension past the $55.75 level.
