In Monday's Blitz Daily, we take a look at travel stocks including cruise line company Carnival in spite of recent virus-related restrictions and disappointing earnings results.
It looked like it was going to be a bad day for cruise lines and air travel names Monday, especially after Carnival reported even bigger losses than expected for the third quarter.
But leadership was able to inspire bullish traders to rally the stock with strong forward guidance. Carnival caught fire during the regular session as shares jumped over 8% from its opening price, leading a surprising rally across the sector in light of increasing European travel restrictions!
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