10 things you need to know before the opening bell
Brendan McDermid/Reuters
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1. Global stocks rise as US unemployment falls and despite slow COVID-19 vaccination rates in Europe. Get up to date with stocks.
2. Goldman Sachs predicts the S&P will gain 10% in the next year. However, rising bond yields and lower-than-expected growth are still risks.
3. The SPAC market is cooling off. After first-day trading spikes, 14 of the 15 SPACs that went public last week are trading below their IPO price.
4. Buying a Tesla with bitcoin might be a bad idea. There might be implications for taxes and returning your car might be more difficult.
5. Industrial stocks might be in for more big gains. Strengthening credit quality and President Biden's infrastructure plans could boost them.
6. Earnings reports out today. China Citic Bank, China Life Insurance and China Securities all released their numbers.
7. On the economic calendar. A quiet day with no major data being released.
8. Cathie Wood says Tesla's stock is going to $3,000 by 2025. Two market experts break down whether that's realistic and the catalysts that might lead the EV maker there.
9. Jefferies has scoured the market for companies poised to capitalize on near-record amounts of infrastructure and tech spending. The firm says to buy these 15 stocks set to surge as that cash pile is deployed.
10. A prime brokerage exec says emerging markets are crucial for driving crypto demand. Stephen Kelso also shares 4 reasons why 'bitcoin is better at being gold than gold' as wealth-erosion fears mount.
from Business Insider https://ift.tt/3lS9mNT
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