10 things you need to know before the opening bell
Richard Drew/AP Photo
Here's what you need to know before markets open.
1. France reveals fresh stimulus worth 100 billion euros — almost 4% of its GDP and bigger than any other European economy. France is pumping in a fresh dose of stimulus worth 100 billion euros ($118 billion) to rescue the economy from the pandemic-induced lockdown earlier in the year, Reuters reported.
2. Oatly vegan milk faces activist anger after Trump-supporting billionaire Schwarzman's Blackstone acquired a stake. Vegan milk brand Oatly is facing activist pressure after private equity firm Blackstone, headed by Trump-supporting billionaire Stephen Schwarzman, acquired a stake in the company.
3. Bernstein breaks down 4 reasons why red-hot growth stocks will keep soaring — and outlines how to build a safe portfolio designed to take advantage. For the last few years, grumbling investors have been saying "there is no alternative" to US stocks. Now "TINA" might be slimming down to giant growth stocks.
4. China has successfully kneecapped Trump's TikTok ban as sale talks hit a speed bump. Beijing has successfully thrown a spanner into the acquisition talks between TikTok and various prospective American buyers according to multiple reports from Reuters, the Wall Street Journal, and Bloomberg.
5. A $7 billion fund manager breaks down why the perfect storm is brewing for investors' most-loved stocks as the election nears — and shares 4 trades to capitalize on their downfall. Growth stocks have dominated the market since its March lows, as investors have piled into shares of tech companies amid stay-at-home orders and a near economic standstill caused by the COVID-19 outbreak.
6. A top strategist explains why Warren Buffett's latest bets could be a 'true turning point' for Japanese stocks. Warren Buffett's Berkshire Hathaway recently revealed that it owns 5% of all five of Japan's biggest trading houses: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo. The stakes were worth a combined $6.9 billion at the close of trading on Wednesday.
7. 'You can make 5, 10, 50x your money': Here's an inside look at the 7-part strategy small-stock expert Ian Cassel is using to unearth the market's most overlooked gems. Ian Cassel, the founder of MicroCapClub and co-author of Intelligent Fanatics, entered the financial markets during one of the most exuberant periods in history: the technology bubble.
8. Global stocks are mixed. Asian stocks closed down, European stocks are up. US futures are pointing to a lower open.
9. Earnings coming in. Capgemini and Sofina Q2 20 earnings are coming in.
10. On the economic front. US Nonfarm Productivity and Initial Jobless Claims are due.
from Business Insider https://ift.tt/31Uu5s7
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