10 things you need to know before the opening bell

By October 22, 2020Bitcoin Business
Click here to view original web page at markets.businessinsider.com
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Here's what you need to know before markets open.

1. Global stocks slide as progress on stimulus stalls. A top US official said Russia and Iran took "specific actions to influence public opinion" relating to the election. See how markets are reacting here.

2. Tesla stock surges after the automaker posts record profits. The EV-maker's vehicle deliveries jumped 44% to nearly 140,000 cars in the last quarter, boosting shares by 5.5% in pre-market trading.

3. IMF trims economic outlook for Asia, but China remains a bright spot. Sharp contractions in India, Philippines, and Malaysia will lead Asian economies lower, the IMF said. Here's why China is a notable exception.

4. Technical strategist Katie Stockton says bitcoin could surge to $14,000. Bitcoin's 8% jump on Wednesday could be just the beginning of an even bigger move if Stockton's analysis proves to be correct.

5. JPMorgan's Marko Kolanovic says value stocks will soon rebound. The top-ranked strategist said this group of beaten-down stocks will make a big comeback no matter who is elected president.

6. Earnings expected. Intel, Coca-Cola, and AT&T are highlights.

7. On the data docket. Continuing jobless claims, the 4-week bill auction, and the Energy Information Administration's natural gas storage change are due.

8. Morgan Stanley sees a 10% correction coming in the near term. And it's recommending you buy these 61 stocks on the dip.

9. The market faces 2 main election-related risks. But David Bianco, an investment chief overseeing $23 billion, has a strategy for turning those into profit opportunities.

10. How to build the ideal China-focused portfolio. Strategies and under-the-radar stock picks from two fund managers who have crushed the market in 2020.

Here’s what you need to know before markets open.

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