Billionaire Steve Cohen’s 10 Mid-Cap Stock Picks with Huge Upside Potential

2. Carnival Corporation & plc (NYSE:CCL)

Upside Potential: 41.54%

Market Cap: $25.39 billion

Carnival Corporation & plc (NYSE:CCL) has been a global provider of leisure travel services for more than five decades. CCL boasts about being the largest cruise company, with a fleet of more than 90 ships visiting over 800 ports worldwide. This includes the US, Europe, Australia, and other countries. CCL operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other.

Regarding the impact of the global tariff wars on the travel and leisure industry, Treasury Secretary Scott Bessent spoke in April to CNBC about the impact of tariffs on countries where CCL operates. He said:

“If they come to the table with solid proposals, I think we can end up with some good deals.”

The company has shown it is capable of mitigating these risks, nonetheless. In terms of financial performance, Carnival Corporation & plc (NYSE:CCL) results for the first quarter of 2025 are a testament to the company’s dominant market position. Revenue was up by 7.47% on a year-on-year comparison, beating forecasts by $66.68 million, with an EPS of $0.13. This was attributed to higher onboard sales across all categories. Management also provided guidance for the next quarter to an estimated $6.20 billion and EPS of $0.23.