CPNG - Got $1000? 2 Stocks to Buy Now While They're On Sale
2024-03-28 10:30:00 ET
Carnival (NYSE: CCL) and Coupang (NYSE: CPNG) may not seem out of favor, but zoom out. Both of these one-time highfliers are now trading more than 70% below their all-time highs.
If you have $1,000 to invest, you may want to consider one of these stocks. They're on sale right now, at least compared to their historical peaks. Let's take a closer look so you can decide if you want to go shopping.
The cruise line industry's recovery is complete. Carnival posted encouraging financial results this week. Revenue rose 22% to $5.4 billion for the fiscal first quarter that ended on Feb. 29. The world's largest cruise line operator posted an operating profit, reversing an operating deficit from the prior year. Interest expense would turn the profit into a loss on the bottom line, but the red ink was less than what it was targeting three months earlier.
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Got $1,000? 2 Stocks to Buy Now While They're On Sale