10 things you need to know before the opening bell

Traders and financial professionals work on the floor of the New York Stock Exchange
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1. US stocks are headed for their seventh consecutive day of record highs. Oil rose above $75 for the first time since 2018.
2. The crypto staking industry could boom to $40 billion by 2025. JPMorgan said ethereum network upgrades could boost it.
3. Robinhood’s no-fee app brought in a new generation of investors. Its IPO filing shows the commission-free approach drove a cultural shift.
4. Hertz shares surged over 2,000% leading up to its exit from bankruptcy. The car rental company was the original "meme stock".
5. The US is the country most prepared for widespread use of cryptocurrencies. Study ranks the US top after analyzing number of crypto ATMs, usage ability in banks and online searches.
6. Earnings expected. No major companies are reporting earnings today.
7. On the data docket. US nonfarms payroll data is due and ECB president Lagarde is expected to make remarks.
8. How 19-year-old college sophomore William Clemente III became a rising crypto star on social media. Plus 3 reasons he’s bullish on bitcoin despite recent volatility.
9. Bank of America sees positive Alzheimer’s news boosting the drug-development industry. The firm lists 7 biopharma stocks to buy for strong returns.
10. Goldman Sachs dissects the pros and cons of 6 altcoins, including ripple and ether. The firm also recommends 2 ways investors can profit from their underlying technology without the risks of directly owning them.
Read the original article on Business Insider

Source: https://www.businessinsider.com/opening-bell-july-2-2021-7

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