Consolidation in the cruise industry allows you to have investment exposure to quite a few cruise lines by purchasing just a couple of stocks. Cruise lines are in the general entertainment industry and compete for customers such as Disney and the Las Vegas resorts.
Determine how much you want to invest in cruise ship stocks. For example, the U.S. stock symbol for Carnival Corporation is CCL, and the symbol for Royal Caribbean Cruises is RCL.
Look up the current share prices for CCL and RCL.
Determine how many shares of each stock you want to buy. Divide the dollar amount of the investment by the current share price.
Call your stockbroker or use an online brokerage account to purchase the amount of shares you have calculated.
Monitor the financial results for Royal Caribbean Cruises and Carnival Corp. by reading their earnings press releases and listening to the quarterly conference calls.
Tips & Warnings
- Royal Caribbean Cruises owns Celebrity Cruises, CDF Croisieres de France and Azamara Cruises as well as the Royal Caribbean line.
- Carnival Corp. owns Carnival Cruise Lines, Princess Cruises, Holland America Line, Seabourn Cruise Line, P&O Cruises, Cunard Line, Ocean Village cruises, AIDA cruises, Costa Cruises and Iberocruceros.
- It is very important to do your own research into the financial condition and prospects of any company before investing in the common stock.
- Carnival Corp. stock also trades on the London Stock Exchange with the same symbol. Make sure you get the right price quote.
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