Jim Cramer Says Carnival Corporation "Has Been in Super Bull Market Mode"

Carnival Corporation & plc (NYSE:CCL) is one of the stocks Jim Cramer shared his take on. Cramer said that he thinks the stock’s “super bull market mode” can continue. He commented:

“Now, we got a game plan. Let’s get to it. On Monday, we’ve got reports from two oddly important companies, Carnival and Jefferies. Carnival, along with the rest of the cruise industry, has been in super bull market mode ever since the end of COVID. Can it continue? I actually think so, led by Royal, by the way, because consumers know that cruises are relative bargains when it comes to leisure travel.”

Carnival Corporation & plc (NYSE:CCL) operates global cruise lines and leisure travel services under brands such as Carnival, Princess, Holland America, Cunard, and Costa. The company reported its earnings on September 29, posting a non-GAAP EPS of $1.43, outperforming estimates by $0.11. The company’s revenue of $8.15 billion was up 3.2% year-over-year and beat estimates by $40 million. Moreover, it reported record third-quarter customer deposits at $7.1 billion.

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Disclosure: None. This article is originally published at Insider Monkey.