10 things before the opening bell: December 28

Welcome to 10 things before the opening bell.

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Let’s get into it.

1. Omicron wreaks havoc on travel stocks. The increase in virus cases continues to disrupt vacation travel plans. Airlines shares fell on Monday – with American Airlines, United, Delta and Southwest falling between 0.2% and 0.8% – as carriers canceled thousands of flights for the fourth day in a row.

Some airlines attributed the cancellations to staff shortages due to COVID-19 as well as inclement weather. More than a third of flights canceled Monday were due to depart or arrive in the United States.

But Omicron isn’t just hitting airline stocks – travel companies across the market have felt the rise of the vacation bug. Here’s a look at the numbers for Monday:

  • Shares of Las Vegas Sands, Wynn Resorts and MGM Resorts casinos fell 1.6% to 2% in trading on Monday.
  • The shares of Norwegian Cruise Line Holdings, Carnival Corp. and Royal Caribbean fell between 1.1% and 2.3%.
  • Shares of travel booking companies AirBnb, Expedia Group and TripAdvisor fell between 0.4% and 1%, and hotel giant Marriott International also fell.

2. US futures rose on Tuesday after the S&P 500 record high. Monday marked the 69th S&P 500 closing record of the year, continuing the year-end Santa Claus rally. Here are the latest developments in the market.

3. Nine crypto experts told Insider about their investment outlook for 2022. From bitcoin price predictions to high conviction altcoin choices, here’s what to watch out for in the new year according to the top voices in the digital asset space.

4. Gains on deck: Cal-Maine Foods, Weathernews and Toshico, all report.

5. A Wall Street investment official said the Santa Claus rally on the stock market is just beginning. Doug Ramsey of Leuthold Group expects the seasonal uptrend to last through January 4. Here’s why he thinks tech stocks are your best bet in the short term.

6. Elon Musk is Person of the Year in part because of how his tweets can rock the markets. In front of his 67 million followers, he praised the crypto, had feuds with US senators and described himself as the “dogefather”. Here are Musk’s 12 best tweets that rocked the markets this year.

7. JPMorgan isn’t worried about a sell-off, even with a record concentration of stocks. The conditions for a significant pullback are not in place, the company said, in part because the S&P 500 gain was tightly focused on mega-cap stocks. These are the two oppressed areas that JPMorgan says it is buying now.

8. Natural gas prices have increased as a result of colder weather forecasts. Investors expect heavy snow and cold temperatures to cause more homeowners to turn up the heat, according to the WSJ. Here’s what else to expect.

9. A 36-year-old man has paid off $ 150,000 of his $ 210,000 in student debt. Ian Group is tackling its law school debt by getting organized and increasing its income. He shared the exact budget he follows to make his payments.

10. Jefferies said small-cap stocks are set to recover in 2022. Slow fourth quarter returns are a good entry point before a likely rebound – here are the 18 stocks Jefferies is saying to buy right now.

Compiled by Phil Rosen. Return? Email [email protected] or tweet @philrosenn.

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