10 things before the opening bell

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Inflation and stock appreciation

Welcome to 10 Things Before the Opening Bell.

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Let's jump in. 

1. People are starting to get worried about inflation (again). New data on Friday confirmed that inflation remains stubbornly high as the global supply-chain crisis continues to rear its ugly head. Recall that figures from earlier in October showed similarly sticky price growth.

Warnings of high inflation have come from well-established financial minds of all sorts. Warren Buffett, Elon Musk, Michael Burry, Jack Dorsey, and Paul Tudor Jones are among the A-listers to opine in just the last few months. Check out the full rundown of high-profile comments here.

Further, Insider crunched the numbers and found that while American workers just got their biggest raise in 17 years, it was effectively cancelled out by inflation.

2. Global stocks are rising again as the US earnings beats keep rolling in. But eyes are turning to the Fed, which is expected to fire the starting gun for a taper this week. Check out the latest moves on the market.

3. A senior research analyst at a $437 billion firm says the S&P 500 could surge 30% over the next few months. Raheel Siddiqui laid out his bull case in detail — as well as the 22 stocks best-positioned to drive big returns as the climb plays out.

4. Earnings on deck: Westpac Banking, Housing Development, and NPX Semiconductors N.V., all reporting.

5. Microsoft overtook Apple as the world's most valuable company. Microsoft's market cap rose to $2.46 trillion as Apple's slipped to $2.43 trillion last Friday. Apple is still on track to reach a $3 trillion valuation, according to Interactive Investor.

6. Tesla logged its biggest monthly gain in a year in October. The stock climbed 44% during the month, the most since it soared 46% in November 2020. Here are the numbers behind Tesla's October boom.

7. Warren Buffett's Berkshire Hathaway will collect nearly $800 million in Apple dividends this year. The investment firm owns 5.5% of Apple, and it could see its ownership increase even more. That means the firm could be on track for even greater gains and dividend checks.

8. Michael Saylor's MicroStrategy has bought 114,042 bitcoin to date. The firm has no plans of slowing its bitcoin purchases, and Saylor said it will continue adding more. MicroStrategy's stockpile is now worth about $7 billion.

9. A 14-year-old girl made over $1 million from selling 8,000 NFTs. She and her brother launched a complete NFT project in less than two months. Here's the 6-step process they used to create the sold-out endeavor.

10. We spoke to a growth-focused fund manager about Facebook's new metaverse initiative. Mitch Rubin, CIO of RiverPark Funds, laid out why the pivot will send shares soaring. He also detailed 8 other stocks investors should buy for exposure to cutting-edge innovation.

Compiled by Phil Rosen. Feedback? Email prosen@insider.com or tweet @philrosenn.

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