Investors are currently optimistic that US President-elect Joe Biden will present an economic stimulus plan worth billions on Thursday and that the US Federal Reserve is still a long way from tightening its monetary policy, said market analyst Edward Moya from broker Oanda.
In terms of individual stocks, the shares of Zoom could be worth a look. The video conferencing service plans to replenish its coffers with a stock placement worth at least $ 1.5 billion. The timing is not particularly good for Zoom, however: The share price is currently around 40 percent below its high in mid-October. In pre-market US trading, the papers were down around 2.6 percent.
By contrast, Uber’s shares rose 1.1 percent before the market, despite the fact that the Vision Fund had told Softbank Group that it had sold Uber shares valued at around $ 2 billion. According to a filing with the US Securities & Exchange Commission, SoftBank still holds about 184 million papers from the driver service agent, which are worth around 10 billion dollars at the current rate.
Wells Fargo stocks gained around 2.4 percent to $ 34. Previously, the analysts at the major Swiss bank UBS upgraded the US bank’s shares from “Neutral” to “Buy” and raised the price target from $ 23 to $ 41. / edh / fba
(AWP)
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