10 Most Volatile Stocks To Buy Right Now

8. Carnival Corporation (NYSE:CCL)  

Number of Hedge Fund Investors: 53  

Beta: 2.70  

Carnival Corporation (NYSE:CCL) is a global leader in leisure travel and cruise line operations and offers a wide range of cruise experiences across its brands. The company is dedicated to providing unique travel opportunities while focusing on sustainability initiatives to reduce its carbon footprint.

In Q3, Carnival Corporation’s (NYSE:CCL) revenue reached an all-time high of $7.9 billion. The company’s gross margin yields increased by 19% year-over-year, and net yields exceeded 2023 levels by 8.7%. Ticket prices and onboard spending were both up mid-single digits. Carnival Corporation’s (NYSE:CCL) adjusted EBITDA for the quarter was $2.82 billion, ahead of the consensus estimate of $2.67 billion. The company is poised to deliver record operating performance for the full year 2024, with adjusted EBITDA now expected to cross $6 billion and adjusted return on invested capital to be approximately 10.5%.

The company’s management has attributed the strong performance to strong demand, which has enabled them to increase their full-year yield guidance for the third time this year on favourable cost guidance. Booking volume for 2025 sailings has been strong at higher prices compared to the prior year, with the cumulative advanced booked position for the full year 2025 above the previous 2024 record.

Carnival Corporation’s (NYSE:CCL) bookings update indicates that nearly half of 2025 has been booked, with prices ahead of last year. The company’s brands are delivering robust booking momentum, with all brands ahead on price for 2025 sailings.

Carnival Corporation’s (NYSE:CCL) strong Q3 results and positive bookings update suggest that the company is well-positioned for continued growth and success in the cruise industry.