
Reopening stocks such as the cruise lines have been searching for a catalyst to instigate a move higher. Carnival Corp (NYSE:CCL) provided the sector with one, and Royal Caribbean Cruises (NYSE:RCL) and Norwegian Cruise Line Holding (NASDAQ:NCLH) set sail with it.
The Catalyst: After the close on Monday, Carnival Corp reported the busiest booking week in the history of the company showing a double-digit increase from the previous record seven-day booking total between March 28-April 3.