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Vodafone Idea, Paytm, Fortis Healthcare, Delta Corp and other hot stocks on January 11

<ul class="summary-list"><li>Stocks inched up on Wednesday ahead of the publication of a critical monthly inflation report.</li><li>Stubborn inflation would slash the odds of the Federal Reserve cutting interest rates this summer.</li></ul>Stocks edged higher in premarket trading on Wednesday as Wall Street awaited the release of inflation data that could dictate the path of interest rates this year.<a href="https://markets.businessinsider.com/futures/s&amp;p-500-futures?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">S&amp;P 500</a> and <a href="https://markets.businessinsider.com/futures/dow-futures">Dow Jones Industrial Average</a> futures were up 0.1% shortly after 5 a.m. ET, while <a href="https://markets.businessinsider.com/futures/nasdaq-100-futures?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">Nasdaq 100</a> futures were up 0.2%. The key <a href="https://markets.businessinsider.com/rates/u-s--rates-10-years">10-year Treasury yield</a> was little changed at 4.36%, while the <a href="https://markets.businessinsider.com/index/us-dollar-index">US Dollar Index</a> was almost flat at 104 points."Markets seem poised for an inflation figure that may exceed expectations as odds of a June cut have decreased," Julien Lafargue, the chief market strategist at Barclays' private-banking arm, said in a morning note. Investors had hoped the Federal Reserve would begin cutting its benchmark interest rate — which it hiked from almost zero to over 5% to curb inflation — by the summer.However, they're <a href="https://www.businessinsider.com/next-fed-rate-cut-ism-bond-yields-june-inflation-pce-2024-4">now less optimistic</a> that will happen following a <a href="https://www.businessinsider.com/jobs-wages-growth-in-march-unemployment-rate-labor-market-2024-4">hot jobs report</a> last week that fanned fears inflation increased in March.The market mood was also dampened by the news on Tuesday that small business optimism in March <a href="https://www.businessinsider.com/us-economy-small-business-confidence-11-year-low-inflation-recession-2024-4">hit its lowest level</a> since December 2012, and has remained below its 50-year average for 27 consecutive months. The surveyed employers cited inflation as their chief concern.More positively, Taiwan Semiconductor Manufacturing Corp. (TSMC) <a href="https://pr.tsmc.com/english/news/3125" target="_blank" rel="noopener">reported</a> its first-quarter revenue jumped by over 16%. The microchip supplier's solid growth and <a href="https://www.businessinsider.com/taiwan-semiconductor-tsmc-biden-microchips-chips-act-election-china-arizona-2024-4">expansion plans</a> suggest the artificial-intelligence boom is still underway."TSMC is no small fry — it's the biggest contract chipmaker in the world, with high-caliber customers like Apple and Nvidia on its books," Sophie Lund-Yates, the lead equity analyst at Hargreaves Lansdown, said in a morning note."These numbers do have a positive read-across, not only for fellow chipmakers but for tech stocks relying on AI excitement to continue."Delta Air Lines and Rent the Runway are among the companies <a href="https://markets.businessinsider.com/earnings-calendar">set to report earnings</a> on Wednesday.The highlights of the <a href="https://markets.businessinsider.com/economic-calendar">economic calendar</a> include the headline inflation report and the release of the minutes from the Fed's March meeting.

Stock market today: futures rise ahead of crucial March inflation numbers

From home sales and jewellery to power consumption, these are all the sectors that are back to pre-pandemic levels

<ul><li>The Indian government is reportedly all set to increase <keyword id="6354679" type="General" weightage="80" keywordseo="gst" source="Orion">GST</keyword> on online gaming to 28%, a proposal that could spell trouble for the industry and players alike. </li><li>The online gaming industry is expected to cross $5 billion valuation by 2025, but the taxman’s greed could kill the golden-egg laying hen. </li><li>Experts are worried about the impact this could have on the industry – both the players and the businesses, which are still in their early days. </li></ul>The Indian government is reportedly all set to tax casinos, online gaming and horse racing at the highest slab of GST – 28%. Looks like the taxman is intent on treating these recreational activities and skills on par with tobacco, cigarettes, <a href="https://www.businessinsider.in/cryptocurrency/news/28-gst-on-crypto-transactions-india-is-reportedly-mulling-another-tax-levy-next-week/articleshow/92407767.cms">cryptocurrencies</a> and luxury cars. Online betting, gambling, casinos and horse racing have long been treated ‘unfairly’ by the Indian taxman – while GST has been considerably moderate at 18% until now. Winnings and other income earned from these activities have been taxed at the highest rate of 30% without any deductions whatsoever. Now, a new <a href="https://economictimes.indiatimes.com/news/economy/policy/28-gst-likely-on-casinos-online-gaming-horse-races-on-gross-revenue/articleshow/92474293.cms?from=mdr">report</a> suggests that the government is mulling increasing the GST rate to 28% – the highest in effect currently. This will be applicable on compulsory food and beverages as well, driving up the costs for businesses and participants. <div type="Article" hostid="261" msid="92356710" title="INTERVIEW: The big picture on 5G, Big Tech-telco war with COAI’s Dr SP Kochhar" mstype="2" mssubtype="0"></div> <cmsannotation type="cmsannotation" annotationid="Fantasies are taxed too, and that too doubly" comment="subhead" text="Fantasies are taxed too, and that too doubly">Fantasies are taxed too, and that too doubly</cmsannotation> The government proposal says that GST will be charged on the gross revenue, not the net value added, which goes against both global tax ethics – as well as the very foundation of the GST regime, which intends to remove the undesirable double taxation effect. "Taxing online gaming, horse racing, and casinos at gross revenue instead of net value addition would be a departure from the global tax ethics," Rajat Mohan, senior partner, AMRG &amp; Associates told PTI. This could have an adverse impact on the entire industry. For instance, the online gaming sector which includes the likes of MPL, Zupee, Winzo and other startups, is expected to cross $5 billion in valuation by 2025, according to a <a href="https://www.ibef.org/blogs/india-s-nascent-gaming-industry-on-the-rise">IBEF report</a>. The government earned nearly ₹1,500 crore from fantasy sports in the form of taxes in FY21. A Deloitte report says that the combined industry contribution could cross a whopping ₹16,000 crore cumulatively over the next two years. And the taxman believes that he found a goose which lays golden eggs. <cmsannotation type="cmsannotation" annotationid="The costly game of confusion" comment="subhead" text="The costly game of confusion">The costly game of confusion</cmsannotation> The online gaming industry has been plagued by the ambiguous nature of government’s tax policies. The taxman has often been said to be confused about the nature of online games – whether those involve skills or are just gambling. It might be justified to tax gambling at the highest rate of tax, but experts believe that punishing games of skill in the same manner is unfair. To make matters worse, the government wants to raise the tax from 18% to 28%. <cmsannotation type="cmsannotation" annotationid="Mukesh Ambani, Rakesh Jhunjhunwala and more, to be affected" comment="subhead" text="Mukesh Ambani, Rakesh Jhunjhunwala and more, to be affected">Mukesh Ambani, <keyword id="6398943" type="General" weightage="80" keywordseo="rakesh-jhunjhunwala" source="Orion">Rakesh Jhunjhunwala</keyword> and more, to be affected</cmsannotation> This can also have an adverse impact on telcos, which are banking on online gaming as a new revenue stream as the industry seems to be entering a phase of stagnation. “Rather than being just the pipe, telcos like Jio (RIL owned) and Bharti are focusing on gaming as an incremental source of ad/subscription revenue. In fact, RIL believes that gaming in India will be bigger than music, movies and television shows put together,” said a report by Bank of America Securities. This could also impact <keyword id="201442" type="General" weightage="50" keywordseo="delta-corp" source="Orion">Delta Corp</keyword>, the only listed casino operator in the country which has seen its fortunes fade away, with even Rakesh Jhunjhunwala paring down his holdings in the company considerably. <div type="javascript" title="Custom" contenttype=""><cdata><![CDATA[]]></cdata></div> “This would be a distress the business model to a great extent as the touted super tax will have to be funded either by the platform, who do not make that kind of money in this business or would go on to reduce the prize pool size – effectively bringing down the interest in customer engagement,” Adarsh Somani, senior partner at ELP Law, told Business Insider India. This would wreak havoc on the gaming industry, and even if the government wants to reduce difficulties by offering a single – but higher – rate of tax, the valuation methodology will have to be made clear, Somani added. As things stand today, there is plenty of ambiguity that will have to be worked out by the government – even a small misstep could spell a lot of trouble for the gaming industry and its participants. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/auto-and-finance-stocks-can-bounce-back-even-if-the-market-crashes-in-july/articleshow/92436186.cms">Auto and finance stocks can bounce back even if the market crashes in July</a> <a href="https://www.businessinsider.in/finance/news/rbi-kept-the-rupee-exceptionally-stable-so-far-and-the-tide-could-turn-for-the-better-say-experts/articleshow/92414356.cms">RBI kept the rupee ‘exceptionally’ stable so far, and the tide could turn for the better say experts</a> <a href="https://www.businessinsider.in/business/telecom/news/interview-the-big-picture-on-5g-big-tech-telco-war-with-coais-dr-sp-kochhar/articleshow/92356710.cms">INTERVIEW: The big picture on 5G, Big Tech-telco war with COAI’s Dr SP Kochhar</a>

India is betting on casinos, online games and horse races to fill its coffers

Sun Pharma, Delta Corp, TCS and other stocks to watch out for on May 28

<ul><li>At 9:01 am, the BSE pre-open was trading 0.23% higher, indicating a positive start for the Indian benchmark index. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to open on a higher note on Monday, led by positive cues from the Asian markets. At 9:01 am, the BSE pre-open was trading 0.23% higher, indicating a positive start for the Indian benchmark index. Other Asian peers were trading in the positive territory as well — the SSE Composite Index was up 0.18%, SGX Nifty gained 0.52%, and the Hang Seng Index was up 22 points. These are the stocks to watch out for during the trading session today:Power Grid The board of Power Grid Corporation of India in its meeting held December 12 approved the payment of an interim dividend of ₹5 per equity share of ₹10 each for the financial year 2020-21. The interim dividend will be paid to the members on January 8. The share price of Power Grid closed 0.26% higher on Friday. Future Retail Reliance acquired Future Retail’s hypermarket chain Big Bazaar⁠— a deal <a href="https://www.businessinsider.in/business/news/future-retail-reliance-deal-bse-to-consult-sebi-after-amazons-request-heres-all-that-has-happened-so-far/articleshow/78949099.cms">challenged by Amazon</a> in Indian court⁠— is planning to open 16 more stores to take the overall count to 300 over the next three quarters. The Future Group firm, as per its expansion strategy, is expanding into the smaller tier-II cities in India, which is less impacted by the pandemic and has aspirations and an emerging consumption class. The share price of Future Retail closed 0.89% higher on Friday. Cipla Cipla on Friday announced the settlement of its patent litigation with a Bristol Myers Squibb (BMS) subsidiary on Revlimid, a drug for blood cancer. A wholly-owned subsidiary of Celgene, BMS has agreed to provide Cipla with a license to manufacture and sell certain limited volumes of generic lenalidomide drugs in the US. The share price of Cipla closed 0.88% lower on Friday. KEC International The global infrastructure major has secured new orders worth ₹1,438 crore across its various businesses. The share price of KEC International closed 0.77% lower on Friday. Delta Corp Delta Corp informed exchanges that it had received approval from the Goa Investment Promotion and Facilitation Board to set up an integrated resort consisting of hotels, convention centre, multiplex cinema, retail facilities at Pernem, Goa. The share price of Delta Corp closed 2.7% higher on Friday. Yes Bank and Sical logistics Yes Bank has sold 2.56% of the total equity in Coffee Day group-owned Sical logistics. The share price of Yes Bank closed 5% lower on Friday. Central Bank of India The capital raising committee of the Central Bank of India has approved the proposal for raising capital funds up to ₹500 crore. The share price of the Central Bank of India closed 0.33% lower on Friday. Adani Power Adani Power on Saturday said electricity regulator Maharashtra Electricity Regulatory Commission (MERC) had passed two orders, which would enable its arm APML to claim revised compensation of higher coal from Maharashtra Electricity Distribution Company Ltd (MSEDCL). The share price of Adani Power closed 5% lower on Friday. Burger King India The shares of Burger King India will hit the bourses today. The shares will be listed on both BSE and NSE. The grey market premium suggests an upside of 85% over the issue price band set at ₹59-60. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/huawei-reportedly-worked-with-4-additional-companies-to-build-surveillance-tools-that-track-people-by-ethnicity-following-recent-revelations-that-it-tested-a-uighur-alarm/articleshow/79712815.cms" data-type="tilCustomLink"> Huawei reportedly worked with 4 additional companies to build surveillance tools that track people by ethnicity, following recent revelations that it tested a 'Uighur alarm'</a> <a href="https://www.businessinsider.in/international/news/an-iphone-factory-in-india-has-erupted-in-violence-over-a-dispute-about-workers-pay/articleshow/79707169.cms" data-type="tilCustomLink">An iPhone factory in India has erupted in violence over a dispute about workers' pay</a>

Top stocks to watch — Future Retail, Power Grid, Cipla, Delta Corp, Yes Bank, Adani Power and others

<ul><li>The 30-share BSE index Sensex was down 40 points, and the NSE Nifty was trading flat at 10:00 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices pared gains after opening in green on Wednesday, tracking negative cues from global markets. The 30-share BSE index Sensex was down 40 points, and the NSE Nifty was trading flat at 10:00 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharti Airtel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kotak Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero Motocorp </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nestle India </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">M&amp;M </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td></tr></tbody></table>*as of October 28, 10:00 am These are the top stocks in news today. Bharti Airtel gains over 8% The shares of telecom giant Bharti Airtel gained over 8% after it <a href="https://www.businessinsider.in/business/telecom/news/airtel-beats-analyst-expectations-reports-record-quarterly-revenue-arpu-rises-to-162/articleshow/78891875.cms">reported its highest-ever quarterly consolidated revenue</a> on the back of a rise in data usage and higher realisations, helping it narrow losses in the second quarter ended September 30. <keyword id="6357252" type="UNKNOWN" weightage="20" keywordseo="Hero-MotoCorp">Hero Motocorp</keyword> up nearly 4% The stock of two-wheeler major, Hero Motocorp, soared 4% after it <a href="https://www.businessinsider.in/business/auto/news/hero-motocorp-partners-with-harley-davidson-to-sell-harley-bikes-in-india/articleshow/78892210.cms?upcache=2">partnered </a>with Harley-Davidson to sell and service Harley’s motorcycles and sell parts and accessories and general merchandise riding gear and apparel through a network of brand-exclusive Harley-Davidson dealers and Hero’s existing dealership network in India. <keyword id="201442" type="COMPANY" weightage="20" keywordseo="Delta-Corp">Delta Corp</keyword> leaps 5% The casinos and hotels operator, Delta Corp shares, gained over 5% after it announced re-opening of its Sikkim-based Casino. <keyword id="42747" type="CITY" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword> trades 4% higher The shares of Tata Motors gained over 4% after the company in its quarterly earnings report said that its luxury car subsidiary Jaguar Land Rover (JLR), <a href="https://www.businessinsider.in/business/auto/news/tata-motors-loss-widens-to-307-crore-in-the-second-quarter-despite-jlr-returning-to-profit/articleshow/78891836.cms">returned to profit </a>with significant positive cash flow in the quarter. The company also said the worst is probably over for the commercial vehicles segment, which was a major sales drag in the quarter under review. Cochin Shipyard up 2% The shares of Cochin Shipyard gained nearly 2% after it inked a pact with Italy’s Fincantieri for cooperation in areas like shipbuilding and ship repair. Fincantieri is one of the world’s largest shipbuilding groups and a leader in diversification and innovation with over 230 years of history and more than 7,000 vessels built, operating 18 shipyards in four continents. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/byju-raveendran-on-byjus-us-expansion-and-how-white-hat-jr-wont-just-be-about-coding-anymore/articleshow/78904109.cms" data-type="tilCustomLink">'India can provide teachers to the world, just like software engineers,' says Byju Raveendran as he plans to take his $11 billion edtech startup to US shores</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-hero-moto-airtel-tata-motors-icici-bank-adani-gas-marico-titan-dr-reddys-and-others/articleshow/78903221.cms" data-type="tilCustomLink">Top stocks to watch — Hero Moto, Airtel, Tata Motors, ICICI Bank, Adani Gas, Marico, Titan, Dr Reddy’s and others</a> <a href="https://www.businessinsider.in/politics/world/news/trumps-official-campaign-website-briefly-offline-after-hackers-appeared-to-take-control-and-claim-they-had-full-access-to-trump-and-relatives/articleshow/78902375.cms" data-type="tilCustomLink">Trump's official campaign website briefly offline after hackers take control and claim they had 'full access to Trump and relatives'</a>

Top stock movers — Bharti Airtel, Tata Motors, Hero Motocorp, M&M, HDFC, Delta Corp, and others

<ul class="summary-list"><li><keyword id="11914813" type="UNKNOWN" weightage="60" keywordseo="carnival-corp" source="Orion">Carnival Corp</keyword> recorded a $2.8 billion loss in the third quarter of this year, <a href="https://apnews.com/article/coronavirus-pandemic-business-health-carnival-corp-c53e930c4f736b1fbed7d232c2c26c26">AP reported</a>. </li><li>The company said sales were knocked this summer due to the impact of the <keyword id="11895017" type="UNKNOWN" weightage="60" keywordseo="delta-variant" source="Orion">Delta variant</keyword> of COVID-19. </li><li>Shares rose on Friday, however, after the company expects soaring demand for next year. </li></ul>Carnival Corp, the world's biggest <keyword id="11930971" type="UNKNOWN" weightage="60" keywordseo="cruise" source="Orion">cruise</keyword> line, recorded a $2.8 billion loss in the third quarter of this year as concerns over the Delta variant of COVID-19 impacted sales.<a href="https://apnews.com/article/coronavirus-pandemic-business-health-carnival-corp-c53e930c4f736b1fbed7d232c2c26c26">Associated Press reported </a>that shares rose 3% on Friday, however, after the cruise line operator said bookings for the second half of next year are running ahead of 2019 levels.The average ship was only 59% full in August, Carnival told AP. That was an improvement from 39% in June. The <a href="https://www.businessinsider.com/carnival-to-sell-6-cruise-ships-after-losses-coronavirus-slump-2020-6?r=US&amp;IR=TIR=T">cruise industry</a> has been one of the hardest-hit sectors following the huge disruption caused by the pandemic. Former and current cruise employees <a href="https://www.businessinsider.com/cruise-industry-ship-staff-pandemic-celebrity-carnival-work-2021-8?r=US&amp;IR=TIR=T">recently told Insider</a> how they had to reckon with loneliness, fear, and uncertainty while being stuck in mandatory quarantines. AP reported that the big three cruise companies in the US did not receive the same kind of <a href="https://www.businessinsider.com/airlines-15-billion-second-coronavirus-relief-bill-workers-recalled-report-2020-12?r=US&amp;IR=TIR=T">federal relief that was allotted to airlines</a>. But the future for Carnival looks more assured, thanks to pent-up demand for cruises. In July, it said advance bookings for 2022 were already higher than in 2019, <a href="https://www.businessinsider.com/carnival-cruise-demand-ship-sail-travel-donald-arnold-costa-2021-6?r=US&amp;IR=TIR=T">Insider's Grace Dean reported</a>. "We reported a significant loss, so we haven't recovered yet, obviously, but as we look ahead we see brighter days," Carnival CEO Arnold Donald told AP. "If things continue to trend the way they are (with COVID-19 cases), we should see positive cash flow as we get our fleet sailing broadly again."People are spending a lot of money on board, too. The company told AP that while there were fewer passengers on board this summer, they spent 20% more onboard than before the pandemic. According to Donald, the fact that people haven't been able to cruise, or travel at all, could be behind the increased spending. "So they are in a mood to spend more because they haven't had a chance to in a while," he said.Eight of Carnival's nine <keyword id="12025378" type="UNKNOWN" weightage="60" keywordseo="cruise-lines" source="Orion">cruise lines</keyword> have resumed sailing with reduced schedules, AP reported. The company said it anticipated its full fleet to be operating by spring 2022.

Carnival posts $2.8 billion loss in third quarter after the COVID-19 Delta variant caused a slump in summer cruise sales

<ul><li>On Tuesday, <a href="https://markets.businessinsider.com/stocks/mrna-stock">Moderna</a> announced that its coronavirus vaccine produced a "robust" immune response in all 45 patients in an early stage human trial. </li><li>Shares of the so-called reopening trade, which includes airlines, cruise lines, and retail stocks, surged in premarket trading Wednesday. </li><li>The reopening trade consists of stocks that would benefit from the US economy returning to normal following lockdowns to contain COVID-19. </li><li><a href="https://www.businessinsider.com/">Read more on Business Insider</a>.</li></ul>The so-called reopening trade is surging on news that a coronavirus vaccine may be ready soon. On Tuesday, <a href="https://markets.businessinsider.com/stocks/mrna-stock">Moderna</a> announced that its potential COVID-19 vaccine produced a "robust" immune response in all 45 patients in an early-stage human trial. The data showing the success of the drug was published in the peer-reviewed New England Journal of Medicine.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-20-firms-for-megatrend-gains-ubs-2020-7">UBS says buy these 18 diamond-in-the-rough stocks that will offer massive gains over multiple years, even as their underlying industries suffer</a><keyword id="4912868" type="PERSON" weightage="60" keywordseo="moderna">Moderna</keyword> skyrocketed as much as 19% in premarket trading Wednesday on the news and lifted members of the reopening trade — a group of stocks including airlines, cruise lines, and retailers that would benefit from the US economy returning to normal following sweeping lockdowns. Here's how much key members of the reopening trade jumped in premarket trading Wednesday: Airlines <ul><li>United Airlines (<a href="https://markets.businessinsider.com/stocks/ual-stock">UAL</a>) — 9%</li><li><keyword id="88011" type="COMPANY" weightage="60" keywordseo="american-airlines">American Airlines</keyword> (<a href="https://markets.businessinsider.com/stocks/aal-stock">AAL</a>) — 9% </li><li><keyword id="6383835" type="ORGANIZATION" weightage="60" keywordseo="delta">Delta</keyword> Air Lines (<a href="https://markets.businessinsider.com/stocks/dal-stock">DAL</a>) — 7%</li><li>Southwest Airlines (<a href="https://markets.businessinsider.com/stocks/luv-stock">LUV</a>) — 7%</li></ul>Cruise lines <ul><li>Norwegian Cruise Line Holdings (<a href="https://markets.businessinsider.com/stocks/nclh-stock">NCLH</a>) — 9% </li><li>Carnival Corp. (<a href="https://markets.businessinsider.com/stocks/ccl-stock">CCL</a>) — 9% </li><li>Royal Caribbean Cruises (<a href="https://markets.businessinsider.com/stocks/rcl-stock">RCL</a>) — 8% </li></ul>Retail <ul><li>Gap (<a href="https://markets.businessinsider.com/stocks/gps-stock">GPS</a>) — 6%</li><li>Kohl's (<a href="https://markets.businessinsider.com/stocks/kss-stock">KSS</a>) — 5% </li><li>Macy's (<a href="https://markets.businessinsider.com/stocks/m-stock">M</a>) — 3%</li></ul>

The so-called reopening trade surges on Moderna vaccine trial success

<ul><li><keyword id="8876247" type="UNKNOWN" weightage="60" keywordseo="Travel-stocks">Travel stocks</keyword> surged on Monday as <a href="https://markets.businessinsider.com/stocks/pfe-stock">Pfizer's</a> rosy vaccine <a href="https://www.businessinsider.com/pfizer-coronavirus-vaccine-success-plans-for-emergency-approval-fda-2020-9?utm_source=markets&amp;utm_medium=ingestgest">announcement</a> renewed bullishness toward the slammed industry.</li><li><a href="https://markets.businessinsider.com/stocks/rcl-stock">Royal Caribbean</a>, <a href="https://markets.businessinsider.com/stocks/ccl-stock">Carnival</a>, and <a href="https://markets.businessinsider.com/stocks/nclh-stock">Norwegian Cruise Line Holdings</a> all gained more than 30% in the rally.</li><li><a href="https://markets.businessinsider.com/stocks/ual-stock">United Airlines</a> surged as much as 27%, while <a href="https://markets.businessinsider.com/stocks/dal-stock">Delta Air Lines</a> and <a href="https://markets.businessinsider.com/stocks/aal-stock">American Airlines</a> climbed 23% and 26%, respectively, at intraday highs.</li><li>Strategists have long viewed a viable coronavirus vaccine as a silver bullet for ending the pandemic and bringing travel activity back to pre-coronavirus levels.</li><li><a href="https://www.businessinsider.com/?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Visit the Business Insider homepage for more stories</a>.</li></ul>Travel stocks surged on Monday after <a href="https://markets.businessinsider.com/stocks/pfe-stock">Pfizer's</a> encouraging vaccine update bolstered hope that the coronavirus crisis may soon end.<a href="https://markets.businessinsider.com/stocks/rcl-stock">Royal Caribbean</a>, <a href="https://markets.businessinsider.com/stocks/ccl-stock">Carnival</a>, and <a href="https://markets.businessinsider.com/stocks/nclh-stock">Norwegian Cruise Line Holdings</a> all surged more than 30% on Monday morning. <a href="https://markets.businessinsider.com/stocks/ual-stock">United Airlines</a> gained as much as 27%. <a href="https://markets.businessinsider.com/stocks/dal-stock">Delta Air Lines</a> and <a href="https://markets.businessinsider.com/stocks/aal-stock">American Airlines</a> rallied 23% and 26%, respectively, at intraday highs.The soaring travel giants helped major indexes <a href="https://www.businessinsider.com/stock-market-news-today-record-highs-dow-sp500-pfizer-vaccine-2020-11">reach all-time highs on Monday</a>. Stocks rallied in early trading after Pfizer announced its experimental coronavirus vaccine was <a href="https://www.businessinsider.com/pfizer-coronavirus-vaccine-success-plans-for-emergency-approval-fda-2020-9?utm_source=markets&amp;utm_medium=ingestgest">more than 90% effective at preventing COVID-19</a> in trial participants. The pharmaceutical company now plans to apply for emergency-use authorization that would allow it to more rapidly distribute the drug.Read more: <a href="https://www.businessinsider.com/stock-market-analysis-experts-explain-low-vix-election-trade-recommendations-2020-11">3 volatility experts explain why the VIX has plunged so quickly despite a nail-biting election contest — and share what they are recommending to clients right now</a>Economists and strategists alike have repeatedly said that containing the virus is critical to driving a full recovery. With cases surging to record highs in the US, a viable vaccine is increasingly viewed as a silver bullet for ending the pandemic.The travel industry was among those hit hardest by the virus and related quarantines. Airline and cruise stocks tumbled through March as trips were placed on hold and people avoided unnecessary travel. While airlines have experienced a partial recovery, cruises are still under a "No Sail" order from the Centers for Disease Control.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-top-market-recommendations-from-morgan-stanley-2020-11" target="_blank" rel="noopener">Morgan Stanley says to load up on these 10 stocks featured on the firm's 'buy list,' which has dominated the broader market this year</a>While the recently beleaguered sector and broader market swung higher on the vaccine news, stocks that thrived through the nationwide lockdown plummeted. So-called stay-at-home plays including <a href="https://markets.businessinsider.com/stocks/zm-stock">Zoom</a>, <a href="https://markets.businessinsider.com/stocks/docu-stock">DocuSign</a>, and <a href="https://markets.businessinsider.com/stocks/pton-stock">Peloton</a> faced <a href="https://markets.businessinsider.com/news/stocks/zoom-video-stock-price-pfizer-coronavirus-vaccine-success-telework-zm-2020-11-1029781479">outsized selling</a> as investors bolstered bets on the reopening trade.The rosy vaccine news also boosted oil prices as traders turned more bullish toward an increase in travel activity. West Texas Intermediate crude oil <a href="https://markets.businessinsider.com/news/stocks/oil-price-futures-rally-pfizer-vaccine-news-2020-11-1029781491">leaped as much as 11.3%</a>, to $41.33 per barrel, at intraday highs.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://www.businessinsider.com/investing-advice-on-stocks-bonds-commodities-amid-2020-election-results-2020-11" target="_blank" rel="noopener">A team of Wells Fargo investment strategists who studied the latest election results shares how exactly to play the most likely outcome with stocks, bonds, commodities, and tax strategies</a><a href="https://markets.businessinsider.com/news/stocks/zoom-video-stock-price-pfizer-coronavirus-vaccine-success-telework-zm-2020-11-1029781479">Zoom tumbles 16% as Pfizer's vaccine success drags on work-from-home stocks</a><a href="https://markets.businessinsider.com/news/stocks/biggest-stock-currency-market-winners-losers-election-week-biden-presidency-2020-11-1029777497">These are the market's biggest winners and losers of a hectic election week</a>

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