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Carnival: Riding the waves to profits, as the options market suggests.

Carnival: Riding the waves to profits, as the options market suggests.
Since the Tokyo crash in August 2024, travel stocks have surged due to high travel demand, with CRUZ ETF outperforming the S&P 500.

Despite concerns of some valuation and macro risks, Carnival Corporation is a Buy due to strong earnings, record customer deposits, and positive growth outlook.

CCL's third quarter performance shows significant revenue beats, record adjusted EBITDA, and strong future bookings, with high expectations for fourth quarter earnings.

Technically, the company is undervalued, supported by a rising 200-day moving average and positive momentum towards profitability, with a potential upside of $31.50.
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