With just 25 trading days left in 2023, U.S. stocks are on track to record one of their best annual performances in recent years, boosted by signs of cooling inflation which have fueled hopes that the Federal Reserve is done raising interest rates.
The benchmark S&P 500 index is up 18.7% year-to-date and now stands just 5% away from its January 2022 intraday record high.
The rally on Wall Street has been fueled by shares of the mega-cap tech companies, with Nvidia (NASDAQ:NVDA), and Meta Platforms (NASDAQ:META) both posting triple-digit gains, while Tesla (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), and Apple (NASDAQ:AAPL) are also up solidly on the year.
Besides the ‘Magnificent 7’ group of stocks, there are plenty of other thriving companies in the S&P 500 that investors should be extremely grateful for this Thanksgiving.
In a testament to recovering travel and tourism trends, Royal Caribbean (NYSE:RCL) Cruises, which is the world’s largest cruise operator, has given shareholders plenty of reasons to be grateful this Thanksgiving.
The Miami-based cruise giant has seen a resurgence this year as the travel industry continues to rebound from the negative impact of the Covid pandemic.
Royal Caribbean's strategies to enhance safety measures, revamp the cruise experience, and capitalize on the ongoing improvement in travel demand have contributed to its robust year-to-date performance.
RCL stock — which began trading at $50.54 on January 3 and rose all the way to a 2023 peak of $112.95 on July 28 — has gained 112.3% in 2023, making it the third-best performer on the S&P 500 this year, trailing only Nvidia, and Meta Platforms.
Source: InvestingPro
All things considered, Royal
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