Is the Carnival share price the biggest bargain on the FTSE 100 today?

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address The Carnival share price has been hit harder than almost any other by Covid-19. As the world’s biggest cruise ship operator, it was always going to struggle. In total, 1,500 passengers were infected with the virus across its fleet, including 700 on the Diamond Princess, of whom 13 died.The Carnival (LSE: CCL) share price is down in the dumps. It started 2019 trading at around 3,650p. Today, you can buy it for 970p, a drop of three quarters. Some may have expected it to fall even further. So has the panic been overdone?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Last week, management at the FTSE 100 company, which also owns Cunard, P&O, and Costa cruise brands, announced pay cuts and job losses aimed at saving “hundreds of millions of dollars” over the next year or so. Cost savings are essential, given that the company has generated “no meaningful revenue” since the crisis struck.FTSE 100 stock in troubled watersSome have suggested the pandemic could shrink the cruise industry for good. Many of the industry’s critics would rather like that. Will it happen or can the Carnival share price recover?Longstanding cruise customers are showing signs of resilience. Carnival reports that 38% have asked for refunds following cancellations, with the majority choosing to sail at a later date. We will know more from August, when Carnival plans to get eight of its ships out there again, although only in North America.Demand might be stronger than you think. Operators are already reporting strong bookings for 2021. Many are attracted by big discounts. Others feel safe booking having been told they can reschedule, or cancel, without fear of penalties. The Carnival share price could benefit.The demand seems to be coming from regular cruise travellers who know and trust their operators. They’re calculating that cruise operators will be working harder than ever to uphold hygiene and social distancing. However, the company still faces tough questions on how the coronavirus spread on three of its ships.The Carnival share price is temptingly lowCarnival is the only stock listed both in the US and UK, but isn’t banking on a bailout from either government. It’s issued enough debt and equity to continue operating in the current environment until November. As Coronavirus pandemic shows signs of receding, it could just make it.You would still have to be supremely brave to buy the Carnival share price, even at today’s low valuation. I think the big threat is we get a second wave of the pandemic when autumn comes. That could shake sentiment.On the other hand, the cruise industry should be ready for it this time. If it avoids a major outbreak, the Carnival share price could prove surprisingly buoyant.However, it’s still too big a risk for me right now. I believe there are far more exciting stocks to buy today. Image source: Getty Images I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Is the Carnival share price the biggest bargain on the FTSE 100 today? Simply click below to discover how you can take advantage of this.center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has recommended Carnival. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” See all posts by Harvey Jones Harvey Jones | Wednesday, 20th May, 2020 | More on: CCL Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.last_img

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