It’s been smooth sailing for cruise stocks.

As we noted in late December, “Some of the biggest cruise stocks pulled back with the broader market and have become screaming buy opportunities.”

Helping, “Industry data predicts 2025 revenue generated by the cruise industry will reach $44.4B worldwide, growing at a rate of 4.77% annually,” noted Seeking Alpha.

Look at Royal Caribbean (RCL).

On December 25, we said, “After testing a high of $260, RCL slipped to support at around $226, where it also became over-extended on RSI, MACD and Williams’ %R. From its last traded price of $238.43, we’d like to see RCL initially retest $260.”

When it reopened for trading on December 26, RCL traded at $237. Today, it’s up to $263.62.

All thanks to strong earnings and guidance on strong, growing cruise demand. Q4 EPS of $1.63 beat by 13 cents. And while revenue of $3.8 billion did miss by $10 million, it was about 13% higher year over year. 

“2025 is shaping up to be another great year, with expected adjusted earnings growth of 23%, as our commercial and vacation experiences flywheel continues to accelerate the growing preference for our leading brands, the most innovative ships, and world-class private destinations,” CEO Jason Liberty said in a statement.

Carnival (CCL)

In late December, we also noted, “Carnival (CCL) is also starting to pivot higher after a brief pullback to $25. We’d like to see CCL closer to $30 near term.”

When it reopened for trading on December 26, it traded at $25.48. Today, it’s up slightly at $27.43 and could also rally higher on growing demand. 

Norwegian Cruise Line (NCLH)

On December 25, we also said, “NCLH is also starting to cruise higher after dipping to $25. We’d also like to see NCLH closer to $30 near-term. 

Goldman Sachs just upgraded the stock to a buy rating with a $35 price target.” By December 26, NCLH traded at $26.14. it’s now up to $27.84 and could also sail higher.