Carnival (CCL) posted top- and bottom-line beats for its latest quarter. Earnings of $1.92 a share topped analysts' estimates by $0.03 a share. Revenue of $5.1 billion also beat Wall Street's forecast. CEO Arnold Donald noted that revenue during the peak summer season was bolstered by strong performances from both the North American and European brands and across all major deployments including the Caribbean, Alaska and Europe. Carnival increased its full-year earnings range to be between $3.33 and $3.37, which is higher than its previous outlook.
Bret Jensen of Real Money, TheStreet's subscription-based sister site for active traders, also likes rival Norwegian Cruise Lines (NCLH) -- one of three stocks he calls "Cheap Transports That Are Ready to Soar." Click here to check all three out.