Opening Bell, February 1

Welcome to 10 Things Before the Opening Bell.

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Here we go.?

1. Buying the dip in Big Tech.?As high-profile technology stocks continue to trade lower amid January's broad sell-off, many investors think the dip now presents an opportunity. Among big names taking advantage of the discounts are hedge-fund legend?Bill Ackman and star stock-picker Cathie Wood.

Ackman last week bought?$1.1 billion in Netflix ?stock, saying the?streaming service looked "extraordinarily attractive." (The streaming giant's co-chief?Reed Hastings also bought the dip .) Wood, meanwhile, just snapped up more than $20 million of Tesla stock, and more than?$30 million of Robinhood .?

Analysts at Credit Suisse seem to agree. In a note, the bank?highlighted Tesla as one stock in particular worth buying ?while it's down.?

"We expect both further volume growth and sustained margin strength for Tesla," wrote Credit Suisse analysts in their recommendation. Both Robinhood and Tesla enjoyed strong gains on Monday.??

While some remain weary of?the impact inflation could have on the stock market , there are at least a few investors who think the bottom is in and it's time to buy, with some of the biggest names leading the charge.

2. Stock futures are sagging as investors book profits.?In Europe, robust earnings from Swiss bank UBS have boosted shares, while bonds continue to lag.?Here's what's happening right now.

3. Invest in these mega-cap stocks that have become undervalued during the recent downturn.?Morningstar identified 11 attactive picks with a market capitalization of over $200 billion.?See their full list here. ?

4. On the docket:?Alphabet, Electronic Arts, H&R Block, and Starbucks all?reporting.

5. Bill Ackman reportedly made nearly $4 billion from $200 million in pandemic-related bets.?The CEO of Pershing Square Capital Management is now betting on high interest rates andNetflix stock.?Here's the latest on his next moves.

6. FTX has just completed another funding round, valuing the crypto exchange at a whopping $32 billion.?Led by billionaire CEO Sam Bankman-Fried, FTX's valuation continues to skyrocket.?The CEO said he doesn't expect a "long-term crypto winter."

7. A DAO has amassed a trove of Bored Ape Yacht Club NFTs worth millions.?It's members are now voting on a measure to sell 81 NFTs to close the valuation gap of its token —?and it looks like it's going to pass.

8. Sony set to buy "Halo" creator Bungie in a reported $3.6 billion deal.?The move follows Microsoft's recent acquisition of Activision Blizzard, as well as Take-Two Interactive's purchase of Zynga.?The video game M&A wars are heating up.

9. The CEO of a crypto-charting firm shared the path back to a bull market after an ugly start to 2022.?Forrest Przybysz sees a rebound coming at the end of the current crypto?bear-market .?Here are his predictions for ethereum and bitcoin in 2022.

10. This couple paid off $460,000 in loans in four years.?They saved $25,000 by skipping their wedding, and have leveraged a specific savings philosophy to get the job done.?They recommended these tactics for people who want to save big .?

Compiled by Phil Rosen. Feedback? Email?[email protected] ?or tweet?@philrosenn .