10 things you need to know before the opening bell

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10 Things Before the Opening Bell

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

1. Goldman Sachs says jet fuel demand will accelerate in 2021, driven by availability of a COVID-19 vaccine by the second-quarter." We do not believe that jet fuel demand has peaked and see jet as an area of long-term demand growth in this decade," analysts said.

2. Secretive data-miner Palantir could fetch a $22 billion price-tag at its market debut next week. The controversial company is choosing to bypass the traditional IPO route, and opt for a direct listing instead.

3. London is closing in on New York's ranking as the world's number 1 financial center, this survey says. The Global Financial Centres Index 28 shows London lags behind New York as the world's biggest financial center by four ratings.

4. A Wall Street expert breaks down his picks for the best 6 stocks to own for a 2nd coronavirus wave in addition to the FAANMGs. "Investors now have a data point that they can use to position themselves if confronted with a second lockdown," GraniteShares' Ryan Giannotto said.

5. Legendary investor Mark Mobius told us his process for finding the most exciting bargains in far-flung markets around the world amid the COVID-19 crisis — and shared his 5 top stock picks right now. In an exclusive interview, the investing legend provided a detailed look into his process for finding winning stocks and shared his top ideas.

6. Europe is heading back into lockdown, but when travel resumes, these are the 3 European airline stocks to own, Morgan Stanley says. As European countries face tighter lockdown restrictions, Morgan Stanley breaks down 3 airline stocks to buy when travel recovers.

7. Wall Street trading legend Art Cashin says the market is in a 'wash and rinse cycle' driven by investors chasing trends. The UBS floor director said the market has its own "internal momentum," and that's left investors frustrated.

8. Buy these 7 stocks as they benefit from a COVID-19 'pet boom,' BofA says. 37% percent of survey respondents adopted a pet in the last six months, "indicating a material increase" amid the COVID-19 pandemic, Bank of America said.

9. Global stocks are mostly down. Germany's DAX fell 1.7%, Britain's FTSE 100 fell 0.6%, and the Euro Stoxx 50 fell 1.6%. In Asia, China's Shanghai Composite fell 0.1%, Hong Kong's Hang Seng fell 0.3%, while Japan's Nikkei rose 0.5% at the close. In the US, futures on the Dow Jones, the S&P 500, and the US Tech 100 fell 0.5%.

10. On the data docket. Federal Reserve Bank of New York President John Williams' speech, the Baker Hughes US oil rig count, and CFTC Gold Net Positions are due.