Better Buy: Disney vs. Carnival Cruises

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It’s been eight months since I pitted Carnival Corporation (NYSE: CCL) (NYSE: CUK) against The Walt Disney Company (NYSE: DIS). I sided with Disney at the time, and you would think that there’s no way I would lose. Disney shares were in a funk with its theme parks closed and its box office business crushed, but the jaw-dropping success of Disney+ would fuel a monster rally that lifted the stock to all-time highs by the end of the year. 

Carnival’s fate has not been as fortunate. The world’s largest cruise line operator is still not sailing, and it’s not expected to start again until April at the earliest. It’s bleeding through $530 million a month in its current state. Despite this perfect tsunami, Carnival’s stock has been a strong performer since my initial sparring of the two titans of leisure.

Carnival stock has soared 64% since facing off on May 14 through Tuesday’s close. Disney has managed to hold up slightly better, up 66% in the same time. Investors would have fared well with either investment, but let’s draw a new starting line in the beach sand. Let’s see which stock is the better buy between Disney and Carnival now.

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