SAVE - Travel stocks rebound as analysts tell investors to 'buy the dip'

Travel and leisure stocks are up nearly across the board even after the Biden Administration announced increased international travel restrictions due to the Omicron variant. Analysts believe that yesterday's drop was overstated as more information arrives regarding the new variant. JPMorgan said the sell-off presented an "opportunity to buy the dip in cyclicals, commodities and reopening themes," while CNBC's Jim Cramer told investors to buy stocks like Disney (DIS +3.0%) and Wynn Resorts (WYNN +5.9%) before "omicron becomes nothing more than a running nose for the vaccinated." According to the Australian Government Department of Health, all patients infected with the Omicron variant so far have reported "very mild" or no symptoms at all. This is in-line with historical trends in which less severe and more transmissible variants crowd out the more severe variants, potentially turning COVID-19 into something more like the seasonal flu. Airlines: American Airlines (AAL +5.8%) Delta Air Lines (DAL +7.9%), Southwest Airlines (LUV +6.3%), United Airlines

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Travel stocks rebound as analysts tell investors to 'buy the dip'