Thursday 8 July 2021

10 things you need to know before the opening bell

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1. US stock futures tumble, bond yields slide as investors fret about economic recovery. See what markets are doing today.

2. Steve Ballmer joins the $100 billion club. The former Microsoft CEO's wealth grew by $20 billion this year alone, driven by gains in the software-maker's stock.

3. The top 10 meme stocks on Reddit's Wall Street Bets. As traders look to replicate the success around GameStop and AMC, a data aggregator is compiling the most mentioned stocks on the popular Reddit forum.

4. BlackRock cuts outlook for US stocks to neutral. Strategists upgraded European and Japanese equities, which they see as growing beneficiaries from further reopening of economies.

5. A New York bill calls for public officials to disclose crypto holdings above $1,000. The proposed law would close a loophole on bitcoin by adding transparency.

6. Earnings expected. Seven & i Holdings and Levi's are highlights.

7. On the data docket. Jobless claims, the EIA natural gas storage change, and the ECB strategy review are due.

8. How to earn up to 100% interest on your crypto. A TikTok influencer shares 5 platforms he uses to stake bitcoin and 8 altcoins - and the interest each one offers.

9. Goldman Sachs expects oil prices to remain high over the next 18 months. The firm says to buy these 11 oil stocks as OPEC disagreements conflict with spiking demand.

10. Anthony Scaramucci breaks down why he stands by his $100,000 price target for bitcoin despite recent corrections. He also shares plans for other SkyBridge crypto products.

Read the original article on Business Insider


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