The news just broke that Saudi Arabia’s Sovereign Wealth fund just bought a HUGE stake in carnival cruise lines. #FinanceED #CCL #Carnival #RobinhoodInvesting

The way I'm looking at this: this could be great news to the cruise sector and could just be the start of foreign sovereign wealth funds buying stocks in stocks in American companies. In stock market news, today, makes this, perhaps, a very attractive sector. Carnival Cruise, Royal Caribbean, and Norwegian Cruise Line could be very attractive long term hold candidates.

The Saudi Arabia Sovereign Wealth Fund “…disclosed that it owns 43.5 million Carnival shares (ticker: CCL) as of Monday in a form filed with the Securities and Exchange Commission. The fund’s investment amounts to an 8.2% stake in the cruise line. It is now Carnival’s third-largest shareholder…”

Let's learn and understand these major developments in the global equity markets!

Stocks Covered in Today's Episode:

Carnival Corp NYSE: CCL

SPDR S&P 500 ETF Trust NYSEARCA: SPY

Dow Jones Industrial Average INDEXDJX: .DJI

S&P 500 Index INDEXSP: .INX

Saudi Arabia Sovereign Wealth Fund

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