Jim Cramer’s Latest Game Plan: 20 Stocks to Watch

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18. Royal Caribbean Cruises Ltd. (NYSE:RCL)

Number of Hedge Fund Holders: 48

While highlighting that cruise stocks like Royal Caribbean Cruises Ltd. (NYSE:RCL) have been performing well, he also said that RCL’s stock is hot, in addition to his other two hot stocks.

“The cruise stocks… they’ve probably been the strongest, most reliable names in the entire, entire consumer space. Royal Caribbean is the number one.”

Royal Caribbean (NYSE:RCL) is a global cruise operator, overseeing popular brands like Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. For its second quarter, the company reported another “beat and raise” performance, leading to an increase in its full-year projections. For the third quarter, adjusted EPS is expected to be between $4.90 and $5.

Due to strong demand for vacation offerings, Royal Caribbean (NYSE:RCL) raised its 2024 adjusted EPS guidance to a range of $11.35 to $11.45. This marks a significant growth of 68% compared to the previous year. The company’s 2024 booking position is solid across all products and markets.

It continues to exceed last year’s figures in both rate and volume. Additionally, the Caribbean represents about 55% of its capacity for the year and 42% for the third quarter. This segment is booked ahead in both rate and volume. The strong yield growth is driven by new ships and higher prices on existing vessels, supported by private destinations.

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