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Once a top-performing stock, Carnival Corp (NYSE: CCL) has experienced a significant downturn, currently trading 80% below its peak in January 2018 despite a recent 76% surge in shares since the start of 2023. The cruise line, recovering from the pandemic's harsh impacts, reported a record $21.6 billion in revenue for fiscal 2023, surpassing its previous best in 2019. This resurgence is attributed to robust consumer demand, leading to a record first quarter in 2024.* However, despite the optimism, Carnival faces considerable challenges, including a massive $31 billion debt accrued during the pandemic and potential vulnerability to economic downturns due to the cyclical nature of the cruise industry.

Starbucks shares tumbled nearly 16% following a disappointing fiscal second-quarter earnings report, with the stock down about 35% over the past year.* The coffee giant faced challenges in its two largest markets, the U.S. and China, which together host over 60% of its global locations. In the U.S., store traffic declined and in China, aggressive promotions failed to sustainably boost customer visits amid macroeconomic pressures and intense competition.

3M, renowned for its 5.7% dividend yield and a 65-year streak of payout increases, represents a beacon of stability and innovation in the industrial sector. Tracing its roots back to 1902, 3M's journey from a modest mineral mining operation to a global powerhouse showcases its remarkable resilience and dedication to research and development.