Cruise line stocks lower after Morgan Stanley warning

|By:, SA News Editor

Carnival (NYSE:CCL) and Royal Caribbean (NYSE:RCL) trade lower in early action after Morgan Stanley warns on overcapacity in the sector and foresees a potential slowdown in the second half of the year related to hurricanes.

The investment firm also points to the negative macro mix of higher oil prices and a strong U.S. dollar as potential margin pinchers.

CCL -4.29% premarket to $60.62. RCL -2.51% to $103.84.

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