Stocks in focus in premarket trade for today

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  • Facebook (NASDAQ:FB) stock fell 1% after the Federal Trade Commission and most U.S. states sued the social media giant on Wednesday, saying that it violated antitrust law and should potentially be broken up. This could mean the forced sale of two major platforms it owns, Instagram and WhatsApp.

  • DoorDash (NYSE:DASH) stock will remain in focus after the food delivery company’s stock soared over 85% from its IPO price after it started trading Wednesday.

  • Airbnb (NASDAQ:ABNB) stock will be in focus as the home-sharing site starts trading after declaring a IPO price of $68, above its targeted price range. This flotation is the biggest by a U.S. operating company in 2020.

  • Pfizer (NYSE:PFE) stock rose 0.7% with the FDA advisory committee meeting later Thursday to vote on whether the pharma giant’s Covid-19 vaccine should receive authorization to be issued to the public. This vaccine is already being used in the U.K.

  • Starbucks (NASDAQ:SBUX) stock rose 3.3% after the chain of coffee houses said at an investor event Wednesday that it plans to increase its store count to about 55,000 by 2030, up from roughly 33,000 today, as it saw a “significant” 2021 rebound.

  • General Electric (NYSE:GE) stock fell 1.1% after the conglomerate agreed to pay $200 million to resolve a SEC probe into claims it misled investors.

  • Goldman Sachs (NYSE:GS) stock rose 0.1% after the investment bank’s asset-management arm announced plans to pressure U.S. companies to appoint more women and members of under-represented groups to their boards.

  • Best Buy (NYSE:BBY) stock dropped 2.7% after Goldman Sachs downgraded its investment stance on the retailer to ‘sell’ from ‘neutral’, citing valuation and potentially difficult comparables.