Royal Caribbean Cruises Stock – Should You Buy or Say Goodbye in 2020?
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The cruise industry has shut down due to the coronavirus pandemic. Royal Caribbean (NYSE: RCL) stopped its operations on March 14…
this shutdown has devastated the Royal Caribbean Cruises stock.
Cruise lines have always been susceptible to health-related concerns. People are in close quarters on a cruise and that makes it possible for viruses or other communicable illnesses to spread quickly.
While many other stocks are also taking a hit due to COVID-19, some are considered a bargain to buy at the bottom. Keep in mind that Royal Caribbean is among high-yield dividend stocks.
Are the cruise industry and the cruise line stocks one of them? If not the whole industry, while the Royal Caribbean stock alone survives?
Here are my investment strategy and stock analysis for 2020. I also take a look at technical analysis and potential future prices.
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Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. I will NEVER ask you to send me money to trade for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don’t invest money you can’t afford to lose. There are no guarantees or certainties in trading or investing.
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