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10 things you need to know before the opening bell

Feb 17, 2021, 17:45 IST
Business Insider
AP Photo/Richard Drew

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1. US stock futures flatline near record-highs as bond yields rise. See what markets are doing today.

2. Jeff Bezos reclaimed the title of the world's richest person. Elon Musk held the spot for six weeks, but a 2.4% slide in Tesla shares knocked him back to second place.

3. SpaceX raised $850 million, pushing its valuation to $74 billion. The jump represents another victory for Elon Musk, whose Tesla has soared around 350% in value over the last year.

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4. Berkshire Hathaway reveals billion-dollar stakes in Chevron and Verizon. It disclosed a $4.1 billion stake in the energy titan and a $8.6 billion position in the telecoms giant.

5. Saudi Arabia's wealth fund also revealed billion-dollar stakes in video game stocks. The state-backed fund raised its overall holdings of US equities to about $13 billion, up from $7 billion a quarter ago.

6. Michael Burry sold his GameStop stock last quarter. "The Big Short" investor potentially missed out on more than $750 million in profits.

7. On the data docket. MBA mortgage applications, FOMC minutes, the API's weekly crude oil stock, and the 20-year US debt auction are due.

8. Raymond James is on the hunt for stocks that will handily outperform the S&P 500 in the coming month. The firm says to buy these 12 'center of the storm' stocks set to rebound as the economy reopens.

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9. Canadian regulators just approved the world's first Bitcoin ETF. Here are the 5 things investors need to know about the outlook for a US version.

10. Morgan Stanley's quant team says it's the perfect time to be a stock-picker. The group unveils the top 13 stocks to own in an ideal risk environment for active managers.

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