MARKET TALK: Concern About Europe Overdone In Cruise Stocks

26th Jul 2010 15:01

10:01 (Dow Jones) There's too much caution around European demand for cruises, Bernstein says, noting that Europe isn't demonstrating any current demand weakness. Cruise stocks have come under pressure amid a decline in the economic outlook for Europe, and a view that economic concerns will lead to pressure on net revenue yields, firm says. "Based on current indicators, there is too much caution priced into the cruise stocks," like Royal Caribbean (RCL) and Carnival (CCL). RCL down a fraction; CCL up slightly. ([email protected]) Call us at (212) 416-2181 or email [email protected] Visit the Market Talk blog at www.djnmarkettalk.com. (END) Dow Jones Newswires July 26, 2010 10:01 ET (14:01 GMT)