One cruise stock could have the most potential as Carnival sets sail in Europe
in what investors view as a litmus test for the how the rest of the industry can resume operations in a pandemic.
"This will be an important test. If they can prove that they can do this safely, I think that would be enormous for the cruise stocks," Sanchez told CNBC'son Friday. "The demand is there. You just have to show that it can be done safely.""These cruise stocks just have to survive and they have amassed a mountain of cash," she said. "You look at Carnival. Carnival has a cash burn rate of about $650 million, and they're sitting on $7.
Since then, he said, it made a higher low, a positive development that suggests a limit to downside selling pressure.
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