Thursday 1 July 2021

10 things you need to know before the opening bell

Wall Street.
Big Tech recovers after a rough day Wednesday on Wall Street.

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1. US stocks hovered near record highs at the start of the second half of the year. Asian equities struggled as the Delta variant continued to spread.

2. George Soros is trading bitcoin after years of eyeing digital tokens. The hedge fund legend's investment firm is actively trading the cryptocurrency, reports say.

3. 'Rich Dad Poor Dad' author Robert Kiyosaki expects a brutal markets crash and recommends buying bitcoin. Here are some of his best tweets.

4. Retail trading activity in the US has dropped from its pandemic highs. However, it still accounts for 10% of stock trading volume according to Morgan Stanley.

5. Earnings expected. Watch out for Walgreens Boots Alliance and Hennes & Mauritz.

6. On the data docket. ISM manufacturing data is due to be released in the US, ECB President Lagarde and Bank of England Governor Bailey are due to give speeches.

7. Racial inequity in investing is robbing everyone of handsome financial returns. That report is one of many in a major new Insider package looking at the real cost of inequity. Check out the full series here.

8. Oppenheimer is looking closely at the gaming sector, which it says is full of cheap, profitable stocks. The firm says these 5 under-the-radar stocks will lead gains in the red-hot sector through the end of 2021.

9. The head of digital assets research at a $71 billion money manager shares what could be next for crypto after DeFi and NFT. Matthew Sigel also breaks down how ethereum can reach a $2 trillion market cap in a 'blue sky scenario.'

10. Bite-sized futures on cannabis, crude oil, and possibly crypto may be near. 2 former Thinkorswim executives behind a new exchange geared toward individual investors explain why retail should have skin in the complex derivatives markets.

Read the original article on Business Insider


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