Carnival stock set to win triple crown of biggest weekly, monthly and quarterly gain
Shares of Carnival Corp. (CCL) cruised 9.2% higher toward a 14-month high in afternoon trading Friday, as they headed for the best monthly and quarterly performances since going public 36 years ago. The cruise operator's stock has climbed 18.5% this week, 66.8% in June and and 84.5% during the second quarter, enough to make it the S&P 500's best performer in all three time periods. Helping fuel the stock's rocket ride were fiscal second-quarter results that showed record demand. The next best weekly S&P 500 performers this week are home generator maker Generac Holdings Inc.'s stock (GNRC), which has rallied 15.8%, and casino operator Caesars Entertainment Inc. shares (CZR), which have climbed 13.2%. On monthly basis, fellow cruise operator Norwegian Cruise Line Holdings Ltd.'s stock (NCLH) was a distant second with 46.9% gain and Generac shares were up 37.2% in third place. Quarterly, Norwegian shares hiked up 62.2% to place second and rival Royal Caribbean Group (RCL) shares were third with a 59.3% rally. Carnival missed hitting a grand slam, however, as its stock's 132.4% gain year to date placed third. First was semiconductor maker Nvidia Corp.'s stock (NVDA), up 190.4%, followed by Social media giant Meta Platforms Inc.'s stock (META), up 139.0%. Electric vehicle giant Tesla Inc.'s stock (TSLA) was fourth this year, with a 114.1% gain.
-Tomi Kilgore
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
06-30-23 1345ET
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