If we have learned anything from the scorching rebound in the share prices of companies most affected by the pandemic, it is that hope floats—literally. Cruise giant Carnival Corp. reported preliminary second-quarter results on Thursday, yet its shares were little changed in morning trading after having risen by 135% over the past two-plus months. While the company said new bookings for 2021 were improving, the release also included plenty of icebergs.

Source: Wall Street Journal June 18, 2020 16:07 UTC