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Rabu, 03 Februari 2021

10 things you need to know before the opening bell

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10 THINGS BEFORE THE OPENING BELL

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1. US futures rose for a 3rd-consecutive day. See what markets are doing now that the Reddit-driven frenzy has subsided

2. Alphabet spikes 7% after smashing 4th-quarter expectations. The company revealed results from Google's Cloud business for the first time ever.

3. Mark Cuban's 12 best quotes from a Reddit AMA. The billionaire praised Wall Street Bets for taking on the financial elite and to hold their GameStop shares.

4. Santander's 4th-quarter profit plunges 90%. The bank still intends to pay the maximum cash dividend allowed in accordance with the ECB.

5. Italian markets cheer as former ECB chief Draghi is tapped to become PM. Draghi led the European Central Bank through the worst of the eurozone crisis.

Earnings expected. PayPal, Qualcomm, Spotify, and Biogen are highlights. 

On the data docket. The OPEC meeting, EIA crude oil stocks change, and MBA mortgage applications are due. 

8. Vanda Research's new retail-investor tracker nailed silver and AMC as likely targets for a Reddit-driven short-squeeze. These are the 4 stocks it says could be the next GameStop.

9. Goldman Sachs is focused on stocks that are immune to GameStop madness. The firm says you should buy these 35 stocks that are unruffled by the mania and set to rally as the economy recovers.

10. The investing chief at a $200 million hedge fund that earned 300% on its Bed Bath & Beyond trade says the GameStop mania is 'just the beginning.' Charles Lemonides also shares another stock that he believes will spike in similar fashion.

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