On CNBC’s “Halftime Report Final Trades,” Stephanie Link of Hightower cited American Express Company (NYSE:AXP) as a top pick, saying it's a “reopen name.” Leisure spend has increased above the 2019 levels and “now we’re about to get business spend T&E travel into ‘22 and ’23."
This was a heavy investment year for American Express and they're likely to benefit from operating leverage in 2022, Link said.
Pete Najarian named Vistra Corp (NYSE:VST) saying that utilities are exciting because “somebody is rolling a trade that’s actually made them some nice money.”
Another trade said Morgan Stanley’s (NYSE:MS) stock could rerate among the financials.
Josh Brown of Ritholtz Wealth Management named JPMorgan Chase & Co. (NYSE:JPM) as his pick, saying that the stock could reach “new highs before yearend.”
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