Global cruise vacation company, Royal Caribbean Cruises Ltd. (NYSE:RCL) also benefitted performance, jumping +26.09% in the quarter. Robust consumer demand and sustained strength in the company’s earnings growth continues to overcome headwinds from foreign exchange and fuel costs. Significant insider buying over the past month shows management shares our stance that there is upside from current levels. Furthermore, we expect new hardware, ship upgrades and technological innovation to bolster yields and earnings in 2019 and beyond.
From John Rogers (Trades, Portfolio)' Ariel Fund third-quarter 2018 shareholder commentary.
