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10 things you need to know before the opening bell

Shalini Nagarajan   

10 things you need to know before the opening bell
Stock Market1 min read

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1. Global stocks fall after Jerome Powell fails to calm bond-market nerves. See what markets are doing today.

2. Nouriel Roubini blasts get-rich-quick schemes. A whole cohort of people are being duped in the name of "financial democratization," the economist warned.

3. Chamath Palihapitiya cashed out his entire stake in Virgin Galactic for $211 million. The billionaire still indirectly owns 15.8 million shares in Richard Branson's startup.

4. Cathie Wood's flagship ETF has tumbled 25% in just 3 weeks. Investors in Ark Invest ETFs have had a rough few weeks as a broad sell-off in tech stocks have taken a toll on performance.

5. More GameStop-like short squeezes could be up ahead in the 'fragile' stock market. January's short-squeeze probably won't be the last of its kind, according to Wellington's Owen Lamont.

6. Cryptocurrencies are attractive as a 'small part' of any portfolio. George Ball said stock speculators will make the shift to crypto markets if there is a pullback in equities.

7. On the data docket. US nonfarm payrolls, trade balance, and the Baker Hughes US oil rig count are due.

8. UBS sees a sharp acceleration in consumer spending coming in the 2nd quarter. The firm says buy these 14 'back-to-normal' stocks poised to ride the recovery.

9. Fred Stanske is beating 99% of his peers at Nobel-winning economist Richard Thaler's investment firm. He shares 2 mispriced, under-the-radar stocks - and breaks down how he capitalizes on investor biases to find missed opportunities.

10. UBS shares 3 ways investors can take advantage of market swings following the late-February selloff. The bank also lays out 3 sectors that can benefit from higher growth and interest rates.

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