15 Best Stocks to Buy According to Jim Simons’ Renaissance Technologies

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13. Carnival Corporation & plc (NYSE:CCL)

Renaissance Technologies Q4 Stake: $450.9 million

Number of Hedge Fund Holders: 56

Carnival Corporation & plc (NYSE:CCL) operates cruise ships that offer vacation experiences to destinations in North America, the UK, Germany, and other regions. The company’s segments include Cruise Support, Europe Cruise Operations, Tour and Other, and NAA Cruise Operations.

Jamie Rollo, an analyst at Morgan Stanley, updated the investment firm’s assessment of Carnival Corporation & plc (NYSE:CCL) on April 10. He upgraded the stock’s rating from Underweight to Equalweight, albeit with a lower price target of $21 compared to $25. According to Rollo’s analysis, Carnival’s risk-reward ratio has shifted, now appearing more evenly distributed between potential gains and losses. Rollo noted that the average decline in cruise stocks, including Carnival, from their year-to-date highs stands at 41%.

Carnival Corporation & plc (NYSE:CCL) posted record-breaking first-quarter 2025 results, with revenue rising 7.47% to $5.8 billion. Onboard revenues also increased by 11.1% to $2 billion, while ticket revenue increased by 5.5% to $3.83 billion.

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