President Obama announced that the U.S. will restore full diplomatic relations with Cuba and open an embassy in Havana. The administration also plans to ease restrictions on travel and banking relations. The announcement of normalizing relations with Cuba have sent stocks with potential exposure to the country higher. The entire cruise line industry benefitted from the easing of travel restrictions to Cuba, with shares of Royal Caribbean (RCL) advancing 6% to $81.88. Trade above the Wednesday high has technical upside potential to $84.60 in the coming days.
