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Stock Market 10 things before the opening bell

Stock Market 10 things before the opening bell

Stock Market 10 things before the opening bell

Stock Market 10 things before the opening bell

Stock Market 10 things before the opening bell

Stock Market 10 things before the opening bell

Stock Market 10 things before the opening bell


Business And Finance

Stock Market 10 things before the opening bell

G’morning, readers. Two of the biggest Wall Street firms are forecasting stormy markets to come — but one top analyst is far more optimistic thanks to his outlook on labor trends. Let’s get started. New newsletter alert: If you dig this email, you’ll love 10 Things on Wall Street, which will cover the biggest stories in…

Stock Market 10 things before the opening bell

Stock Market

G’morning, readers. Two of the biggest Wall Street firms are forecasting stormy markets to come — but one top analyst is far more optimistic thanks to his outlook on labor trends.

Let’s get started. 


New newsletter alert: If you dig this email, you’ll love 10 Things on Wall Street, which will cover the biggest stories in banking, private equity, hedge funds, and fintech. Coming soon — sign up here.


If this was forwarded to you, sign up here. Download Insider’s app here.


Stock Market Omicron has brought volatility to Wall Street. Omicron has brought volatility to Wall Street.

Yellow Dog Productions/Getty Images


1. BlackRock just downgraded US stocks. The world’s largest asset manager blamed the demotion on the growing threat of a Fed-induced recession

The central bank has been walking a precarious line between trying to tame inflation and avoiding a


recession

. BlackRock, which has roughly $10 trillion under management, demoted US stocks to “neutral” on Monday. 

“The Fed’s hawkish pivot has raised the risk that markets see rates staying in restrictive territory. The year-to-date selloff partly reflects this, yet we see no clear catalyst for a rebound,” BlackRock said. 

Morgan Stanley echoed BlackRock’s bearishness, with top analyst Mike Wilson saying it is still too early to be bullish on stocks.

Wilson expects the S&P 500 to drop another 14%, to about 3,400, before the end of second-quarter earnings season. Already, the index has sunk 18% year to date, dipping briefly into a


bear market

one day last week.

But the turmoil hasn’t dampened the optimism of Fundstrat’s Tom Lee. Bad economic World News is likely good World News for stocks, Lee said, and investors are increasingly seeking clues for what might put an end to the highest inflation in four decades.

“Incoming data could show labor market weakening … and thus [the] job market could be cooling at a pace faster than implied by tighter financial conditions,” he said.


In other World News:

Stock Market Visual representation of the digital cryptocurrency bitcoin Visual representation of the digital cryptocurrency bitcoin


Chesnot/Getty Images



2. US stock futures fall early Tuesday, after a profit warning from Snap impacted the wider market and fueled concerns about economic growth. Here are the latest moves

3. On deck today: Best Buy, Ralph Lauren, and Citi Trends, all reporting. Plus, look out for Fed Chair Jerome Powell’s speech at the Reservation Economic Summit, and the ISM Semiannual Report On Business Economic Forecast.

4. RBC said these beaten-down internet stocks have the most upside in the sector. Internet stocks can be squeezed into two groups, according to Brad Erickson of RBC — those that were squeezed for little reason, and those that are in trouble. Here are his four favorite stock picks. 

5. Snap plummets as much as 28% in Tuesday’s premarket trading. It comes after CEO Evan Spiegel warned the company is likely to miss its revenue targets for the current quarter. In a memo obtained by Insider, Spiegel also said Snap is slowing hiring to combat a “challenging macroeconomic environment.” Snap’s sharp fall spooked the wider market, fanning investor’s fears about an economic slowdown. 

6. Russia’s biggest oil company has slashed production levels. As per Bloomberg, Rosneft was producing around 3.8 million barrels a day in February, but that had fallen to 3.24 million by the middle of this month — following oil bans from the US and UK. However, there are signs that Russian producers are getting used to the restrictions.

7. “Big Short” investor Michael Burry said Warren Buffett is unique — and he explained how the billionaire has perfected the key to investing success. Here’ how the elder statesman’s idiosyncrasies are a key part to his outsized successes.

8. Crypto venture capitalists shared their insights into how the industry bleeds a massive $200 billion in market value every single day. “The great thing about bear markets is that you can sleep at night,” one analyst said. “You don’t have to FOMO in.” 

9. A Federated Hermes strategy chief who warned about stagflation two months just detailed a potential recession. Phil Orlando warned investors in March about stagflation  — and he broke down why his firm is loading up on cash as “cracks in the armor” in the economy begin to form.


Stock Market Central Atlantic diesel
Andy Kiersz/Insider


10. The White House may look to tap a rarely used emergency diesel reserve as the shortage of the key fuel persists. Prices for diesel have hovered near record highs, and an administration official told CNN that the nation may turn to the Northeast Home Heating Oil Reserve — which has only been used once before.


Keep up with the latest markets World News throughout your day by checking out The Refresh from Insider, a dynamic audio World News brief from the Insider newsroom. Listen here.


Curated by Phil Rosen in New York. (Feedback or tips? Email prosen@insider.com or tweet @philrosenn.) Edited by Hallam Bullock (tweet @hallam_bullock) in London. 

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Stock Market 10 things before the opening bell

Welcome back readers. There’s little indication that inflation is going away soon, and Wall Street is worried it could linger into next year and bring turmoil to the market. Today we’re going over a few top investment themes from big banks as uncertainty looms large.  Let’s get started.If this was forwarded to you, sign up…

Stock Market 10 things before the opening bell

Stock Market

Welcome back readers. There’s little indication that inflation is going away soon, and Wall Street is worried it could linger into next year and bring turmoil to the market. Today we’re going over a few top investment themes from big banks as uncertainty looms large. 

Let’s get started.


If this was forwarded to you, sign up here. Download Insider’s app here.


Stock Market Omicron has brought volatility to Wall Street. Omicron has brought volatility to Wall Street.

Yellow Dog Productions/Getty Images


1. It’s time to load up on consumer staples, according to Bank of America. The firm just trimmed its S&P 500 forecast and said the market is pricing in a “1 in 3 chance” of a recession, with the greatest risk being prolonged heightened inflation. 

But investors can ready themselves by arranging their portfolios defensively, BofA said, by snapping up consumer staple stocks. With increased


recession

risks on the horizon, the bank raised the sector to overweight from underweight. 

“Better-than-expected consumption (especially in the lower income cohort) despite inflation and a big uptick in spending on services (admittedly at the expense of big ticket spend) are positive,” BofA noted.

JPMorgan, meanwhile, thinks energy stocks are worth keeping an eye on. The energy space remains the best equity investment as commodity prices continue to rise, the firm said. 

“Energy is the only sector that is seeing its quality, growth, and momentum scores improve simultaneously,” JPMorgan analysts wrote in a Thursday note.

Even though energy is up roughly 38% this year, analysts predict that upside remains because demand is going to outpace supply leading up to 2030.

“In our view, fundamentals and valuation make a compelling case for the sector,” JPMorgan concluded.


Stock Market oil refinery
AP Photo/Martin Meissner


In other World News:

2. US stock futures are up early Monday, after major indexes notched a steep drop to end April. On Friday, the Dow shed 945 points as the month’s sell-off continued. The tech-heavy Nasdaq saw its worst-performing month since 2008.

3. Earnings on deck: American National Group, Spirit Airlines, and BlackRock Capital Investment, all reporting.

4. A 26-year market vet laid out three indicators that show stocks could be set up for another rally. After a big sell-off in April, Lance Roberts said upside could be coming. Plus, he shared seven stocks and two bond ETFs to watch in the months ahead.

5. Europe wants to ban Russian oil, but cutting off supplies is an economic and political nightmare. The bloc has become heavily reliant on Russian energy, and is now directly funding Moscow’s war machine. However, if the EU does implement a full embargo, Russia’s economy could spiral into a depression. 

6. Elite investors discussed Warren Buffett’s $23 billion of new bets at Berkshire Hathaway’s annual weekend meeting. Mario Gabelli, John Rogers, and others celebrated Berkshire’s investments in Occidental Petroleum and HP, as well as its deal to acquire Alleghany. Here are the best insights from some of the top figures in the investment world. 

7. Coinbase said it will be implementing a “zero tolerance” policy against the front-running of new crypto listings. Front-running involves using non-public information about upcoming token listings to invest in them before the wider market can. Here’s what you want to know.

8. The US economy just took a big step closer to a recession, but the chief economist of Ameriprise Financial isn’t concerned. He said that weak growth, high inflation, and war have weighed on the market — but he said investors can play a huge market reversal by buying stocks in these three sectors. 

9. This crypto bull and research director said ethereum can eventually rise to $35,000. Geoffrey Kendrick thinks comparing crypto to tech stocks back in 1999 is actually a compliment — and he shared which two altcoins he’s eyeing right now.

Stock Market Andy Kiersz/Insider

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Andy Kiersz/Insider


10. The average American got a real pay cut of almost 4% in the last year. Inflation-adjusted wages fell 3.7% in the year through March as higher prices eroded strong pay gains. Now, inflation throughout the economy is leaving Americans with much weaker buying power.


Event invite: Join us Tuesday, May 10 at 12 p.m. ET for “Creating Broad-based Economic Prosperity,” in partnership with Bank of America. Sustainable finance experts, business leaders and ESG professionals will discuss how a company affects the financial well-being of its community. Register here.


Keep up with the latest markets World News throughout your day by checking out The Refresh from Insider, a dynamic audio World News brief from the Insider newsroom. Listen here.


Curated by Phil Rosen in New York. (Feedback or tips? Email prosen@insider.com or tweet @philrosenn.) 

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Business And Finance

Stock Market 10 things before the opening bell

Good morning, readers. We are closing out the week with some bullish views on one particular corner of the stock market, looking at why some top analysts on Wall Street say energy stocks have room to run even after a blistering rally.  Let’s get into it.If this was forwarded to you, sign up here. Download…

Stock Market 10 things before the opening bell

Stock Market

Good morning, readers. We are closing out the week with some bullish views on one particular corner of the stock market, looking at why some top analysts on Wall Street say energy stocks have room to run even after a blistering rally. 

Let’s get into it.


If this was forwarded to you, sign up here. Download Insider’s app here.


Stock Market flames black cloud rising from flarestacks natural gas facility Flames are seen as excess natural gas is flared at the Cactus gas processing center, run by state oil company Pemex, near Colonia El Carmen, Chiapas, Mexico, October 19, 2021.


Edgard Garrido/Reuters



1. Energy stocks have soared — but there’s still more upside ahead. That’s according to Bank of America analysts, who said valuations are still attractive even after the sector has seen a 38% rally year-to-date. 

The researchers describe energy as the “pain trade,” which refers to a directional bet that most investors have taken that ends up going the other way. In this case, investors betting that the energy rally has run out of steam are wrong, and there are more gains coming. 

There are a few reasons why Bank of America is still bullish on energy through the rest of 2022: 

  • The Ukraine war has made policy makers recognize the importance of domestic energy production and energy security. 
  • The allocation of energy in the S&P 500 has doubled since 2020, and could rise further.
  • Cash yield will rise, and energy companies are expected to generate inflation-proof free cash flow yield of 15% this year. 

And Bank of America isn’t alone in its bullishness. JPMorgan said commodities could see another 40% upside as investors remain under-allocated in the space.

“It is conceivable to see longer-term commodity allocations eventually rising above 1% of total financial assets globally, surpassing the previous highs seen during 2008 or 2011,” JPMorgan said.


Stock Market The leaders of India, Russia, and China holding hands and smiling Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, and Chinese leader Xi Jinping pose for a group photo at the G20 Summit in Osaka, Japan, on June 28, 2019..

Mikhail Svetlov/Getty Images


In other World News:

2. US futures are up today but stocks are heading for a weekly loss. War in Ukraine, a hawkish Fed and high oil prices are keeping investors nervous. Here’s what’s happening this morning.

3. On the docket: Icanic Brands Company, Sunlands technology news Group, and Rockwell Medical,  all reporting.

4. A strategy chief shared why a recession that causes stocks to fall 25% from their highs could be on the way. Merion Capital Group’s Richard Farr said a big hit to the market could come within three to four months. He shared four ways to bolster your portfolio ahead of the fallout. 

5. Mexican billionaire Ricardo Salinas Pliego said bitcoin makes up 60% of his liquid portfolio. He spoke on a Thursday panel at the Bitcoin 2022 conference in Miami, and also added that bonds are “a terrible investment.” See what else he got into it.

6. China is buying Russian energy in yuan in the latest drift away from the dollar. The move signifies the first commodities traded in yuan since Western sanctions hit Moscow. The first shipments of resources are set to arrive at Chinese refineries this month. 

7. Legendary investor Jeremy Granthan is ringing the recession alarm. He said oil-price spikes of this caliber always slow growth sharply — and he also warned that a jump in food prices could destabilize economies and even political systems.

8. Goldman Sachs said disruptive innovation stocks look cheap for the first time in years. The recent sell-off has turned some high-growth tech stocks into bargains, according to the firm. Here are eight ways Goldman Sachs recommends investing in the controversial space.

9. A blockchain security expert broke down how to protect your crypto assets from hackers and scams. Ari Redbord of TRM Labs emphasized that users must remain vigilant every time they make an online transaction. Here’s what you want to know. 

Stock Market Rite Aid stock
Markets Insider


10. Deutsche Bank slashed its Rite Aid price target and the stock cratered. The bank said COVID-19 “hastens the decline” of the company’s retail pharmacy business. Rite Aid’s stock dropped as much as 25% Thursday. 


Keep up with the latest markets World News throughout your day by checking out The Refresh from Insider, a dynamic audio World News brief from the Insider newsroom. Listen here.

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Curated by Phil Rosen in New York. (Feedback or tips? Email prosen@insider.com or tweet @philrosenn.) 

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Stock Market 10 things before the opening bell

Good morning. Today we’ll examine why the Fed’s battle with rising costs bodes poorly for the stock market, and what G7 nations plan to do in response to Russia’s impending debt default. Let’s get into it. If this was forwarded to you, sign up here. Download Insider’s app here. Mark Lennihan/AP 1. Central banks won’t save…

Stock Market 10 things before the opening bell

Stock Market

Good morning. Today we’ll examine why the Fed’s battle with rising costs bodes poorly for the stock market, and what G7 nations plan to do in response to Russia’s impending debt default.

Let’s get into it. 


If this was forwarded to you, sign up here. Download Insider’s app here.


Stock Market Wall Street mask, covid
Mark Lennihan/AP


1. Central banks won’t save the stock market. In a note on Monday, Barclays analysts wrote that a central bank “put” is missing in the market as policy makers around the world battle high inflation. The bank said the investing landscape has become more complicated as investors come to terms with the idea that monetary policies will not be enacted with the goal of staving off a sharp decline in the stock market. 

Russia’s invasion of Ukraine has created a “double whammy” of lower growth prospects and surging inflation, and economists are responding accordingly with lower growth forecasts, said Barclays. 

Top economist Mohamed El-Erian, meanwhile, warned the Fed isn’t equipped to handle the inflation problem posed by the war in Ukraine. He said Americans will see another year of uncomfortably high prices, particularly in food and gas.

According to El-Erian, the war could drive US inflation above 10%. The economist is among several pundits that have said the Fed is behind the curve in its response, and that whatever path it takes now will be potentially painful for the economy and markets. 

“Till the end of November they were calling it transitory, but also to be fair to the administration, there will be a Putin inflation component,” he said.


Stock Market Moscow bank queue Residents queued to withdraw cash from ATMs in Moscow Monday.

Vyacheslav Prokofyev/Getty Images


In other World News:

2. US futures are in the red. Investors are mulling the potential damage to the economy from war in Ukraine, a Covid outbreak in China and the


Federal Reserve

raising rates. Oil prices are down 5% so far today. Here’s what’s going on across the markets

3. Earnings on deck: Aspen Group, Blue Ridge Real Estate, and Northwest Pipe Co., all reporting.

4. Scoop up these 26 industrial stocks that are now attractive “buying opportunities,” said Jefferies. Even as rising costs and supply chain snags are spooking investors, these factors have pushed many industrial stocks down to bargain prices despite strong demand. See the full list here.

5. Russia may be cut off from the world’s financial resources as it barrels toward a default. Leaders from G7 nations want to cut off Russia’s access to emergency funding from organizations like the International Monetary Fund and the World Bank — which means Russia won’t get a bailout like it did in 1998. 

6. Deutsche Bank announced it would pull out of Russia. The bank had been saying as recently as last week that it would not exit the country, but changed its position after backlash. “We are in the process of winding down business in Russia while we help our non-Russian multinational clients in reducing their operations.”

7. JPMorgan is leading talks to contain fallout from the nickel “big short.” About one-third of the Chinese tycoon’s total short positions of more than 150,000 tons of nickel is held through a position with JPMorgan. According to reports, JPMorgan is the biggest counterparty to the Chinese nickel-shorter’s trades. 

8. Russia’s attack on Ukraine will accelerate cybersecurity’s rise as a major investing theme, according to a research chief for the $40 billion firm Global X. “The Ukraine crisis is bringing everything in this sector into the spotlight,” Pedro Palandrani told Insider. He shared three stocks to buy that will benefit from increased recent attention.

9. This economist believes there’s a 75% chance of a recession later this year even if inflation is transitory. David Rosenberg said the economy is in trouble and the stock market is a bubble — these six charts explain why.

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Stock Market Goldman Sachs
Goldman Sachs


10. Goldman Sachs cut its S&P 500 price target as commodity prices take a bite out of earnings. “Extremely low levels of equity market


liquidity

have amplified the impact of widespread investor selling,” Goldman Sachs said. The bank now sees a 40% chance of recession.


Keep up with the latest markets World News throughout your day by checking out The Refresh from Insider, a dynamic audio World News brief from the Insider newsroom. Listen here.


Curated by Phil Rosen in New York. (Feedback or tips? Email prosen@insider.com or tweet @philrosenn.)

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Stock Market 10 things before the opening bell

Welcome back. Today we’re seeing how oil is now at its highest since the 2008 financial crisis, as the West takes aim at Russia’s energy sector — and we take a look at what’s happening with the ruble, as well as the broader market turmoil. Here we go. If this was forwarded to you, sign up…

Stock Market 10 things before the opening bell

Stock Market

Welcome back. Today we’re seeing how oil is now at its highest since the 2008 financial crisis, as the West takes aim at Russia’s energy sector — and we take a look at what’s happening with the ruble, as well as the broader market turmoil.

Here we go. 


If this was forwarded to you, sign up here. Download Insider’s app here.


Stock Market russia ruble currency exchange People walk past a currency exchange office screen displaying the exchange rates of U.S. Dollar and Euro to Russian Rubles in Moscow’s downtown, Russia, Monday, Feb. 28, 2022.

AP Photo/Pavel Golovkin


1. Oil has surged to almost $130 a barrel after the US and Europe said they may consider banning the country’s energy exports. Here’s a rundown of what’s going on: 

Notably, Russia’s aggression toward Ukraine has compelled some of the world’s largest companies to abandon operations in the country. With sanctions choking off the economy, Apple and Disney both suspended business activities in Russia, and several behemoths in the oil and gas sector wrote off a combined $30 billion in investments within 72 hours. 

A few more details: 

Stock Market russia ukraine A convoy of Russian armored vehicles moves along a highway in Crimea, Tuesday, Jan. 18, 2022.

Associated Press


In other World News:

2. Global stocks are tumbling as oil surges. Investors now fear a oil-price shock that could plunge the world economy into stagflation. Here’s what’s going on across the markets.

3. Earnings on deck: H&R Block, Ranger Oil, and Del Taco, all reporting.

4. BlackRock’s global chief strategist revealed why the firm has changed its outlook on US stocks. The world’s biggest investment firm is pivoting in how it plans to manage equities. Here’s what the chief strategist sees as the biggest risks to investors right now. 

5. JPMorgan said the West’s crushing sanctions on Russia’s economy could put the auto and semiconductor supply chain at risk. Oil might be getting most of the attention as it skyrockets, but the supply of key metals might create more of a crunch. The production of platinum, palladium, and neon are all under pressure.

6. Coinbase CEO Brian Armstrong said crypto is a lifeline for regular Russians. The crypto exchange won’t ban them unless the law tells them to, he said on Twitter. But the exec doesn’t think there’s a high risk of oligarchs using it to evade sanctions.  

7. Wall Street would “gladly applaud” tech firms following Apple’s lead to ditch Russia, said Wedbush’s Dan Ives. If Big Tech pulled the plug on Russia, it would have a 1%-2% revenue impact in a worst-case scenario, Ives said. So far, Oracle and Google have limited business operations in Russia — but other tech stalwarts could follow Apple’s move to halt sales. 

8. Goldman Sachs named high-dividend growth stocks that are trading at large discounts to the S&P 500 right now. These have historically outperformed the market in periods of high inflation, said the bank. See the list of 50 picks

9. A tectonic shift is underway for crypto as it takes “a seat at national security discussions.” Two industry titans explained how bitcoin is laying down the foundations for a multi-decade bull run that will vindicate early investors — and why now is the time to buy into any weakness.

Stock Market NFP
Madison Hoff/Insider


10. America added more jobs than expected last month. The US added 678,000 jobs in February, outpacing the median estimate of 440,000 payrolls. Additionally, the unemployment rate edged lower to 3.8% from 4%. The new data bodes well for a recovering labor market. 

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Curated by Phil Rosen in New York. (Feedback or tips? Email prosen@insider.com or tweet @philrosenn.) 

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Stock Market 10 things before the opening bell

Welcome to 10 Things Before the Opening Bell. If this was forwarded to you, sign up here. Plus, download Insider’s app for World News on the go – click here for iOS and here for Android.Let’s jump in. 1. The mega Meta meltdown. Shares of Meta cratered Thursday, falling as much as 26% and dragging the market…

Stock Market 10 things before the opening bell

Stock Market

Welcome to 10 Things Before the Opening Bell.

If this was forwarded to you, sign up here. Plus, download Insider’s app for World News on the go – click here for iOS and here for Android.

Let’s jump in. 


1. The mega Meta meltdown. Shares of Meta cratered Thursday, falling as much as 26% and dragging the market down with it. Investors fled technology news, social media, and metaverse-related stocks following the company’s weak earnings and guidance, while JPMorgan downgraded the stock for the first time ever. 

The company’s shares are finding a bit more stability in Friday’s pre-market, up 0.5% so far. But Meta’s dive on Thursday marks the biggest single-day drop in value in stock market history, and has raised some big questions around the metaverse narrative and whether the nascent “future of the internet” is an investable space yet. 

A big loss in the giant’s Web3 division sparked a sell-off in metaverse stocks Nvidia and Roblox. Social media companies Twitter and Pinterest also plummeted

Mark Zuckerberg, whose net worth plunged by $30 billion, chalked it up to heightened competition from rivals like TikTok as well as Apple’s changes to its privacy policy.

Meanwhile: Snap is up by 50% in Friday’s premarket, more than reversing Thursday’s 23.6% drop, after the photo- and video-sharing app’s strong after-hours earnings beat.


2. Tech futures are showing some strength in early trade. The Nasdaq 100 posted its bigggest one-day fall since September 2020 on Thursday after Meta’s big miss stole the headlines. Here’s the state of play across the markets ahead of the January jobs report.

3. Should you buy the Meta dip? Four experts shared whether this is a chance to grab shares in the tech giant at a bargain price or to run for the hills as TikTok takes over. Here’s what to know.

4. On the docket: Adient, Bristol-Myers Squibb, and Spectrum Brands Holdings, all reporting. 

5. Amazon said profits almost doubled during the holiday season. In an after-hours earnings report, the ecommerce titan announced it had managed to control labor and supply costs better than expected, and made gains in its cloud-computing and ad business. Shares of Amazon rose by as much as 13% in Friday’s pre-market.

6. Veteran fund manager Tom Russo said volatile stocks are testing investors. When stocks are whipsawing, investors need to hold their nerves, sell weaker holdings, and identify long-term winners. Russo also said he thinks Warren Buffett may have bought the dip.

7. The startup behind Bored Ape Yacht Club is in talks with Andreessen Horowitz for a $5 billion valuation. Yuga Labs is eyeing its first institutional investment from the venture capital heavyweight, according to the Financial Times. In the last week alone, Bored Ape NFTs did $182 million in sales.

8. Coinbase will allow customers to get tax refunds in crypto in a partnership with TurboTax. The crypto exchange launched a direct deposit program which customers can use to automatically convert US dollars into crypto — all without trading fees.

9. Bitcoin and ether’s steep falls have shaken investor confidence. But certain indicators could tell us whether the bulls or bears will determine the two popular tokens’ next big moves. Here are four things experts say to look out for.

10. UBS shared how to invest in crypto technology news without exposing your portfolio to bitcoin or ether’s high volatility. The $2.6 trillion asset manager maintained its bearish stance on individual coins and tokens — it listed three ways to get skin in the blockchain game with minimal risk. 


Compiled by Phil Rosen. Feedback? Email prosen@insider.com or tweet @philrosenn.

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Stock Market 10 things before the opening bell

Welcome to 10 Things Before the Opening Bell.   If this was forwarded to you, sign up here. Plus, download Insider’s app for World News on the go – click here for iOS and here for Android.Let’s jump in.1. US stock futures are ticking higher after Wednesday’s tech selloff. Inflation is very acutely on investors’ minds, but bond…

Stock Market 10 things before the opening bell

Stock Market

Welcome to 10 Things Before the Opening Bell.  

If this was forwarded to you, sign up here. Plus, download Insider’s app for World News on the go – click here for iOS and here for Android.

Let’s jump in.


1. US stock futures are ticking higher after Wednesday’s tech selloff. Inflation is very acutely on investors’ minds, but bond yields are holding steady. See what the global markets are doing.

2. Sound the alarm: China is facing an energy crunch and debt crisis. The Chinese economy is grappling with the Evergrande fallout while the government is cracking down on big business and cryptocurrencies. Here’s what has investors and analysts worried. 

3. A $31 billion investment firm shared its strategy to beat the current market. Ruffer Investment Company has a stellar track record of beating market crashes, returning over 15% during the dot-com bust and the financial crisis. The firm laid out four ways to play the ‘new regime’ that will bring dramatic changes to top stocks. 

4. Earnings on deck: Paychex, CarMax, and Leucadia National, all reporting. 

5. Legendary investor Jeremy Grantham says US stocks resemble a crazier bubble than in 1929. While he thinks the ‘vampire’ market is shrugging it off, meme stocks and SPACs are keeping things unpredictable across the market. Here are Grantham’s best comments on the financial landscape.

6. Goldman Sachs says hold onto your high-growth tech stocks. This week’s interest rate-induced sell-off shouldn’t scare investors, says the bank. Instead of looking at the absolute level of interest rates, Goldman says you should look at this indicator. 

7. Cathie Wood shed a huge chunk of Tesla holdings. In her recent string of sales, three of the famed stock-picker’s ETFs offloaded a combined $270 million worth of Tesla stock — but each fund still has the EV company as their top holding. 

8. China pledges to let the market set energy prices freely as it increases coal and gas use. As it continues to face energy challenges, China’s economic planning agency will boost imports of coal and natural gas production. Here’s what else the department plans to implement.

9. Buying the latest stock dip is a mistake, warns Morgan Stanley. The bank’s CIO Mike Wilson believes the potential for further losses outweighs the potential upside. Investors could turn instead to these three trades that should weather the storm. 

10. The CEO of Compass Mining explains why bitcoin is currently ‘incredibly profitable’ to mine. Retail investors, according to Whit Gibbs, could make $20 a day in bitcoin if they use one of the newer generation ASIC machines for mining. Here’s how you can mine the largest digital currency from home.


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News Report: WWE boss McMahon’s hush cash bill over $12 million – Business News – Castanet.net

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World News Report: WWE boss McMahon’s hush cash bill over $12 million – Business World News – Castanet.net

By July 15, 2022
News McMahon paid over $12M in hush cash – CP24 Toronto’s Breaking News

World News

World News McMahon paid over $12M in hush cash – CP24 Toronto’s Breaking World News

By July 15, 2022
News This UPS is built for your inner gamer and it’s on sale for Prime Day

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World News This UPS is built for your inner gamer and it’s on sale for Prime Day

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News It’s not true that everyone’s got a book in them: give writing back to the writers | Stephanie Merritt

World News

World News It’s not true that everyone’s got a book in them: give writing back to the writers | Stephanie Merritt

By July 15, 2022
News Behold the gameplay for Lord of the Rings: Gollum, precious

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World News Behold the gameplay for Lord of the Rings: Gollum, precious

By July 15, 2022

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News Report: WWE boss McMahon’s hush cash bill over $12 million – Business News – Castanet.net

World News

World News Report: WWE boss McMahon’s hush cash bill over $12 million – Business World News – Castanet.net

By July 15, 2022
News McMahon paid over $12M in hush cash – CP24 Toronto’s Breaking News

World News

World News McMahon paid over $12M in hush cash – CP24 Toronto’s Breaking World News

By July 15, 2022
News This UPS is built for your inner gamer and it’s on sale for Prime Day

World News

World News This UPS is built for your inner gamer and it’s on sale for Prime Day

By July 15, 2022
News It’s not true that everyone’s got a book in them: give writing back to the writers | Stephanie Merritt

World News

World News It’s not true that everyone’s got a book in them: give writing back to the writers | Stephanie Merritt

By July 15, 2022
News Behold the gameplay for Lord of the Rings: Gollum, precious

World News

World News Behold the gameplay for Lord of the Rings: Gollum, precious

By July 15, 2022
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