Carnival Corporation (Ticker: CCL) has been a relative out-performer over the past quarter and has been beating analyst estimates since early 2023.
The stock is currently coming under pressure along with the general marketplace, but should resume bullish bias in the last week of July. An EquiPredict Blue Wave forecast is included on the chart below indicating a 70% probability of positive returns beginning in early July and remaining in place through the month of August.
Reminder: the Blue Wave and Red Wave forecasts are tied to the calendar, not price action. Thus, price action is not expected to follow the path shown by the forecasts.
