Carnival (CCL) Among Falling Cruise Line Stocks After Nice Attacks, CNBC's Hobbs Says

Cruise lines stocks such as Carnival (CCL) are slipping today while safety concerns rise after the tragic terrorist attack in Nice, France Thursday, CNBC's Simon Hobbs reported today.
By Lindsay Rittenhouse ,

NEW YORK (TheStreet) -- Cruise line stocks such as Carnival (CCL) - Get Report and Royal Caribbean Cruises (RCL) are taking a hit as the death toll from the devastating terrorist attack in Nice, France last night rises to 84, CNBC's Simon Hobbs reported on "Squawk on the Street" Friday.

"There has been some slowdown particularly in Americans traveling into Europe to take those Mediterranean cruises and the like for their fear of where we're going with that terrorist threat in Europe," Hobbs explained.

"Holidays," or vacation taking, is an area where Americans have the most choice and these growing terrorism fears are making them "more reluctant" to travel overseas, Hobbs continued, adding that this is the third terrorist attack in 18 months to target France.

In the Nice attack a truck driver, now reportedly identified by French news organizations as Mohamed Lahouaiej Bouhlel, drove into a crowd of people celebrating the country's Bastille Day.

In November, the Islamic militant group ISIS claimed responsibility for the deadliest terrorist attack in French history. Suicide bombers and armed militants killed 130 people in attacks on a Paris soccer stadium, concert venue and restaurants nearby.

Shares of Carnival are slipping by 1.55% to $45.60 and Royal Caribbean stock is lower by 1.93% to $70.49 this morning.

Separately, TheStreet Ratings rated Carnival as a "buy" with a score of B.

This is driven by multiple strengths, which can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and expanding profit margins. TheStreet Ratings feels its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full analysis from the report here: CCL

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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