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Debt-loaded cruise lines’ shares fall as Fed hikes rate and recession fears grow

Sumary of Debt-loaded cruise lines’ shares fall as Fed hikes rate and recession fears grow:

  • There a lot of one stride forward, one stride back going on, Truist analyst Patrick Scholes said.
  • The reason the stocks, in my opinion, went down a bunch on Wednesday was because you just had this terror that the companies are going to have to pay more for their debt, Deutsche Bank analyst Chris Woronka said.
  • Respectively, the companies values in the stock market are about $11.01 billion, $11.18 billion and $5.61 billion.
  • At the same moment, Woronka said their revenues might not recover as strongly in a broader economic downturn if people are spending less on leisure.

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