Omicron might have slowed some people’s plans to travel or make other big purchases, but payments stocks are a way to bet that they haven’t been permanently put aside.
Shares of companies that often track with spending via cards have roared back after recent weakness. Stocks such as American Express Co. , Capital One Financial Corp., Fiserv Inc., Mastercard Inc. and Visa Inc. are all up more than twice as much as the overall market’s roughly 3% gain so far in December.
