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Royal Caribbean Miami Cruise Terminal.
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Royal Caribbean gets hit with two price cuts as market uncertainty threatens to rock demand

Cruise stocks could have a tough time staying afloat in the near term.

Nia Warfield

Royal Caribbean shares tumbled nearly 6% Wednesday morning, sinking far more than the broader market, after analysts chopped their price target for the cruise line. Morgan Stanley slashed its forecast from $270 to $220 — a steep 18% drop — blaming mounting tariff uncertainty and a dimmer growth outlook.

This follows a similar cut from Stifel, which dropped its target for the cruise giant from $310 to $265 but kept its “buy” rating. Analysts pointed to the rough economic waters and uncertainty over short-term consumer spending. Despite the turbulence, the firm still calls Royal Caribbean “best in class.”

Travel stocks have been caught in the crossfire as tariffs and a slowdown in consumer spending keep the industry on edge. Despite the recent sell-off, Royal Caribbean is sitting on cushy gains of nearly 50% over the past year and is set to report Q1 earnings later this month.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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