Shares of Carnival Corporation (NYSE: CCL) are trading nearly 7% down today as the buyers are unable to hold onto huge gains recorded yesterday. Separately, the stock market analyst believes that cruises are “overbought and overvalued”. Fundamental analysis: Cruises will continue to struggle – analyst Shares of cruise and travel companies led the pack yesterday as investors were betting on the continued reopening of countries and economies. However, Boris Schlossberg, managing director of FX strategy at BK Asset Management, believes this rally doesn’t have legs at all. Some cruise operators, including Carnival, have offered very low prices for its tours
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