Why Carnival, Norwegian Cruise, and Royal Caribbean Stocks Are Surging Ahead

Shares of all the major cruise line stocks are riding higher today, with Carnival (NYSE: CCL) (NYSE: CUK), Norwegian Cruise Line Holdings (NYSE: NCLH), and Royal Caribbean (NYSE: RCL) shares up 9.8%, 8.5%, and 5%, respectively, as of 12:50 p.m. EDT. On the vaccines front, Financial Times is reporting that the Trump administration is on the cusp of granting an "emergency use authorization" to AstraZeneca's coronavirus vaccine, which is currently in phase 3 trials but could conceivably begin distribution by as early as next month. Similar news is coming out of the FDA, which on Sunday approved the use of convalescent plasma (blood plasma drawn from patients who have already been infected with but survived COVID-19) to treat new coronavirus patients.