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10 things you need to know before the opening bell

May 10, 2021, 17:08 IST
Business Insider
Spencer Platt/Getty Images

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1. Global stocks inch up as muted US jobs data eases pressure on the Fed. See what markets are doing today.

2. Elon Musk's SpaceX has accepted dogecoin as payment for a Moon mission. Geometric Energy Corporation is collaborating with Musk's company on the DOGE-1 Mission.

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3. Dogecoin slides 10%. The meme-crypto was trading around 51 cents after Musk announced the doge-funded moon mission.

4. Ether should be as much as 75% lower at around $1,000, JPMorgan says. The bank's analysts said institutional interest and network changes are boosting the price.

5. Mark Cuban explains why crypto is the future. The billionaire is among the highest-profile crypto bulls, and is a particularly vocal backer of dogecoin.

6. Earnings expected. Duke Energy, Roblox, and Marriott are highlights.

7. On the data docket. The US 3-month and 6-month bill auctions are due.

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8. Fundstrat's head of digital-assets research walks us through his $100,000 and $10,500 year-end price targets for bitcoin and ether. Tom Lee also shares the 8 tokens he's bullish on right now.

9. Credit Suisse has compiled a list of companies being underrated by the broader market. The firm says buy these 15 stocks that represent its analysts' highest-conviction calls.

10. The world's largest NFT fund spends $250,000 a week on digital art. The co-founder shares 3 platforms set to be industry winners - and his top 6 picks from the $189 million portfolio.

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