Investor StrategyStock

10 things you need to know before the opening bell

2 Mins read
new york stock exchange
NEW YORK – MARCH 17: Traders work the floor of the New York Stock Exchange on March 17, 2008 in New York City. Stocks have been volatile on Wall Street following news of JP Morgan Chase acquisition of Bear, Stearns & Co, for $2 a share, with help of $30 billion in financing of Bear, Stearns assets from the U.S. Federal Reserve. (Photo by Michael Nagle/Getty Images)
Michael Nagle/Getty Images

Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.

Here’s what you need to know before markets open.

1. Buffett-backed cloud unicorn Snowflake nets $3.4 billion in record-breaking software IPO. Cloud startup Snowflake raised a record-breaking $3.4 billion on Wednesday, in the largest ever initial-public-offering for a software company on Wednesday, kicking off a big week for technology firms going public this week.

2. The OECD warns the world economy will collapse by 4.5% this year, in its worst slowdown since World War Two. The global economy faces the prospect of the most dramatic collapse this year since the second World War, as the coronavirus pandemic rampages through the world population, the Organization for Economic Cooperation and Development said on Wednesday.

3. UK inflation hits lowest level since 2015 after government’s dining-out scheme cuts prices at restaurants. UK inflation hit a near five-year low in August, in part thanks to a government scheme that cut the price of dining out.

4. Morgan Stanley pinpoints the most attractive opportunity it sees for investors as a new bull run takes shape — and shares 3 strategies for generating market-beating returns. With the end of COVID-19 nowhere near, it is hard to believe that the stock market is well into another bull run and the economy has entered into a new cycle.

5. MORGAN STANLEY: Buy these 6 stocks poised for gains as the economic recovery continues and Congress mulls more coronavirus stimulus. Morgan Stanley strategist Andrew Sheets recently said the fate of the stock market — and the economy — in the months ahead was “unusually dependent” on Congress and President Donald Trump moving another round of fiscal stimulus to the finish line.

6. Spotify has torn into Apple again, this time over the new Apple One subscription bundle. Spotify has accused Apple of anticompetitive behavior following the announcement of Apple One, a subscription bundle that ties together existing services including Apple Music, Apple TV Plus, and Apple Arcade.

7. Fred Stanske’s fund is crushing the market using a Nobel-winning approach that exploits his rivals’ biases. He told us 2 common errors investors should watch out for, and 3 indicators that will set them straight. No reasonable person expects all of their decisions to work out, investment-related or otherwise. But eliminating some basic sources of error can be a powerful advantage, and it’s helped Fred Stanske’s Fuller & Thaler Behavioral Small-Cap Growth Fund beat the returns of 96% of other small-company growth stock funds over the last five years.

8. Global stocks are mixed. Most Asian stocks are down, European stocks fell a bit. US pre-market indications are pointing to a higher open between 0.1-0.4%.

9. Earnings coming in. Synergie Q2 20 earnings and Tessi Q2 20 earnings are due.

10. On the economic front. EIA Crude Oil Stocks change and FOMC Economic predictions are due.

Read the original article on Business Insider

Related posts
Investor StrategyStock

Trump's State Department won't share plans with other agencies for a $20 million project to cooperate on cybersecurity because other agencies haven't shared with it

3 Mins read
The State Department is not sharing its plans for a new $20 million cybersecurity bureau intended to coordinate between different agencies, federal…
Investor StrategyStock

THE DIGITAL BANKING ECOSYSTEM: These are the key players, biggest shifts, and trends driving short- and long-term growth in one of the world's largest industries

4 Mins read
Digital Banking Ecosystem Report: Tech Landscape in 2020 – Business Insider Business Insider logoThe words “Business Insider”. 2019-12-30T18:01:00Z BII This is a…
Investor StrategyStock

Magic Leap salaries revealed: From $80,000 to $220,000, this is what the famously hyped and troubled AR startup pays its workers

3 Mins read
Magic Leap salaries revealed: what the AR startup pays – Business Insider Business Insider logoThe words “Business Insider”. 2020-09-23T22:57:04Z Stephen McCarthy /…
Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Leave a Reply

Your email address will not be published. Required fields are marked *