In: Economics
I will not recommend my peers to invest in Royal Carribean if they are expecting short term returns. This is because the operations of the Royal Carribean has been halted due to the coronavirus pandemic. This has lead to its shares plummeting to $34 from as high as $135.I would recommend my peers to invest in OTT(over the top) platforms like Twitter and Netflix because stay at home efforts necessitated by the coronavirus pandemic has made streaming services indispensable to people looking for ways to pass long periods of time stuck at home. Therefore these platforms have managed to attract millions of subscribers on a monthly basis and have stable recurring revenue. For short term gains, I would definitely recommend my peers to buy these stocks.
Personally speaking as of now I would buy a small portion of Royal Carribean stocks for the purpose of long term investment and buy a greater proportion of Netflix and Twitter stocks as it is very profitable.