CNBC Pro: Forget oil — coal is hot right now. Here are 2 actions to play it, according to the pros

Coal mining in Wyoming.

Brian Brainerd | Denver Post | Getty Images

Coal prices are at record highs and market watchers see prices rising further as a global energy crisis looms.

“It’s almost like any or all companies are a buy,” analyst Peter O’Conner said of the booming coal sector, and revealed his favorite stock.

CNBC Pro subscribers can learn more here.

— Zavier Ong

Relief rally is likely a bear market bounce, says Wells Fargo

According to Wells Fargo, the recent relief rally in equities is likely another bear market bounce and investors should position themselves for more turmoil to come.

“Year-do-date, the outperformance of defensive, high-return, high-quality, low-valuation stocks reminds investors of the hallmark of a bear market,” wrote Chao Ma, global portfolio and investment strategist. , in a Monday note.

Such reversals occur in nearly every bear market and many are quickly reversed, leaving investors with regrets, they added.

“While it is difficult to predict the bottom of a bear market, in the past, market bottoms were generally preconditioned by overly pessimistic market sentiment and a sign of definite improvement in the economic or undervalued market problem. underlying,” Ma said. “We don’t think we’re there yet either way.”

In the meantime, Ma recommends investors look for defensive stocks with low volatility, high dividends and buyback yields. He also says that investors should go for high-quality names with leading profitability and market share and an affordable market price.

—Carmen Reinicke

US stock futures rise ahead of Tuesday’s CPI report

U.S. stock futures were up Monday night as Wall Street eagerly awaits the August consumer price index report due out Tuesday morning. The report will give investors an update on the inflation situation in the United States and is one of the last data the Federal Reserve will see before its September meeting.

Dow Jones Industrial Average futures gained 55 points, or 0.17%. S&P 500 and Nasdaq 100 futures rose 0.18% and 0.21%, respectively.

—Carmen Reinicke

CNBC Pro: Want to invest in real estate? These REITs are among analysts’ favorites

Real estate investment trusts – or REITs – are back in the spotlight after a volatile year for many asset classes.

Morgan Stanley and Citi analysts highlight REITs in two sectors they believe could outperform the broader market and remain resilient in a downturn.

CNBC Pro subscribers can learn more here.

—Weizhen Tan

European markets: here are the opening calls

According to IG data.

The data releases include preliminary eurozone unemployment data for the second quarter as well as gross domestic product for the second quarter. The latest UK inflation figures for July will be released along with the preliminary Dutch Q2 GDP.

Revenue comes from Uniper, Carlsberg, Persimmon, Balfour Beatty, BAT and National Grid.