5 Best Seasonal Stocks To Buy Now

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In this article, we discuss 5 best seasonal stocks to buy now. If you want to see more stocks in this selection, check out 12 Best Seasonal Stocks To Buy Now

5. Royal Caribbean Cruises Ltd. (NYSE:RCL)

Number of Hedge Fund Holders: 42

Royal Caribbean Cruises Ltd. (NYSE:RCL) is a Florida-based cruise company that operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands. Royal Caribbean Cruises Ltd. (NYSE:RCL) is one of the top seasonal stocks to invest in, considering demand for cruises usually rises in the summer or holiday season. On December 14, Royal Caribbean Cruises Ltd. (NYSE:RCL) announced that it has signed an agreement with the Finnish government focused on innovative and sustainable shipbuilding in Finland. 

Barclays analyst Brandt Montour on December 15 raised the firm’s price target on Royal Caribbean Cruises Ltd. (NYSE:RCL) to $70 from $66 and reaffirmed an Overweight rating on the shares. 

According to Insider Monkey’s Q3 data, 42 hedge funds were long Royal Caribbean Cruises Ltd. (NYSE:RCL), compared to 28 funds in the prior quarter. John W. Rogers’ Ariel Investments is a significant position holder in the company, with 3.16 million shares worth $120 million. 

Ariel Investment made the following comment about Royal Caribbean Cruises Ltd. (NYSE:RCL) in its Q3 2022 investor letter:

“Global cruise vacation company Royal Caribbean Cruises Ltd. (NYSE:RCL) also aided relative performance in the quarter. With the entire fleet returning to service in June, RCL delivered positive EBITDA and operating cash flow for the first time since the pandemic began. Forward booking commentary is also encouraging with both trends and pricing for 2023 ahead of 2019 levels. Though questions persist around the macro backdrop, RCL has an experienced executive management team with operational expertise at its helm, as well as a healthy liquidity position. Over the long term, we believe the headwinds travel and leisure are experiencing will soften and expect RCL’s fundamentals will prove resilient in the face of adversity. At today’s valuation, RCL is currently trading at a nearly -60% discount to our estimate of private market value.”

Follow Royal Caribbean Cruises Ltd (NYSE:RCL)

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