NEW YORK (dpa-AFX) – The record rally on the US stock exchanges is likely to continue with the start of trading in the new year. Both the US leading index Dow Jones Industrial and the technology selection index NASDAQ 100 are expected to start with new highs. As before, the global corona vaccination campaigns that have started and the US government aid package that has been adopted for the world’s largest economy continue to provide support. Market experts also referred to the sentiment data in Chinese and European industry, which signaled a further recovery and increasing growth.
The broker IG estimated the Dow Jones Industrial (Dow Jones 30 Industrial) last 0.37 percent higher to 30,720 points, which would mean a new record high. IG expects the Nasdaq 100 to be 0.48 percent higher at 12,950 meters, which would also be a high.
Among the individual values, the electric car manufacturer Tesla should once again be worth a look. Before the IPO, its shares rose by 2.3 percent to 721.70 US dollars, which would be a new record high. Tesla delivered almost half a million vehicles in 2020, more than ever before. The US bank JPMorgan reacted promptly and raised the price target for the share. However, at $ 105 it is around $ 600 below the current rate. Both JPMorgan and Goldman Sachs, however, now expect rising market expectations. Goldman analyst Mark Delaney reiterated his purchase judgment including his price target of 780 dollars.
MGM Resorts International (MGM Resorts International) gained 0.6 percent before the start of trading. The casino operator wants to buy the British online gaming provider Entain (GVC) for around 8.1 billion pounds (9.1 billion euros). In return, treasury shares are offered, but a certain amount of cash payment is also promised. MGM had already bid for Entain last year and was dismissed. Entain also rejected the current bid.
The papers of the food delivery company DoorDash, which went public in December, as well as those of the vacation rental broker Airbnb should also be in view, because numerous analysts have now recorded the valuation of the two stocks. Most experts are cautious in favor of Doordash and have a neutral opinion – including JPMorgan, Goldman Sachs and Barclays. Deutsche Bank and William Blair, on the other hand, are among the very few optimists and recommend buying Doordash paper.
The majority are also neutral in favor of Airbnb, but there are also a number of buy recommendations. The optimists include Jefferies, Needham & Co and Baird. While the Doordash shares showed little change in the pre-market period, Airbnb’s rose by 1.0 percent.
Barclays also raised the shares of Morgan Stanley and Goldman Sachs from Equal-weight “to” Overweight. “At the same time, the price targets were raised. The securities of the two bank shares reacted with pre-trading gains of just over 1.5 percent./ck/yha /
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