Top 12 Luxury Stocks According to Hedge Funds

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2. Carnival Corporation (NYSE:CCL)

Number of Hedge Fund Holders: 54

Carnival Corporation (NYSE:CCL) is a leisure travel company that operates a portfolio of luxury cruise lines, including Costa Cruises, AIDA Crusies, Princess Cruises, Carnival Cruise Line, and others. Its tour company operates and owns lodges, hotels, glass-domed railcars, and motor coaches.

The company has a strong profitability model in place. Its full-year fiscal 2024 revenues hit an all-time high of $25 billion, over 15% higher than the prior year. It is experiencing continued strength in demand and reported a full-year net income of $1.9 billion for fiscal 2024. Carnival Corporation (NYSE:CCL) hit these highs primarily due to strong demand. The progress was broad-based as the company drove strong pricing in fiscal 2024 as compared to 2023 across its major cruise lines and trades.

Carnival Corporation (NYSE:CCL) has plans to continue this growth momentum. It is actively working on an enhanced destination strategy to attract customers to a cruise vacation offered exclusively by Carnival Corporation’s (NYSE:CCL) portfolio of cruise lines. It is also working to boost awareness and consideration for cruise travel worldwide. Carnival Corporation’s (NYSE:CCL) yield growth is expected to outpace its historical growth rates and exceed unit cost growth. It ranks fourth on our list of the top 12 luxury stocks to buy.

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