But my real focus today was the cruise lines. Major players like Royal Caribbean (RCL), Norwegian (NCLH), and Carnival (CCL) were decimated during the pandemic. Most had to wait a year before they could set sail. Naturally, their stocks took a swan dive. Now, some are trading at pre-pandemic prices as bookings soar with ship capacity overloaded. New cruise travelers are booking pent-up trips that they've been putting off for years - because, right now, the value is compelling. For instance, it's now cheaper to book a cruise cabin than to rent a single hotel room. The result is rising demand that could last for years. But there's one stock that I've got my eye on…newly-public Viking (VIK). It caters to a more luxurious, high-end experience, with 80 river vessels sailing throughout Europe, Asia, Africa, and the U.S. A lot of retiring baby boomers love this kind of vacation. It gets them out into the world without the typical party atmosphere on ocean ventures. Lately, there has been a lot of bullish action in the cruise lines. For example, Karim noted in The War Room unusual call buying activity in Norwegian. There has also been a lot of insider buying in this stock lately. Viking's stock is already up more than 20% from when it debuted last month… …but I think it can go even higher. With the summer travel season underway and a lot of buying across the industry, Viking could easily see another leg higher before the end of the month. Now, picking out the right option and the timing of this trade will be crucial since these aren't very liquid. It takes experience to know when and how to correctly play this one. The good news is you don't have to sit and wonder what could have been. There's still time to join us in the War Room Open House... …And It doesn't cost a thing… You'll gain access to an elite trading community along with daily education. As a former CBOE floor trader, I'll break down the tactics and strategies used by the professionals. And yes… you get our trade ideas in real-time, including…Viking Cruise lines. Don't miss your chance to level up your trading. Click Here to Reserve Your Spot before this offer ends. |
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