Markets banking on a Biden win

Wed, 04 Nov 2020

Pushpay will lead the market higher as it reports its first-half result and as Wall Street rebounds on expectations of a clear win for Democratic candidate Joe Biden and more fiscal stimulus.The US-based donation software company has benefited from a growing shift to digital donations in the US as a raft of churches were forced to take their services online due to covid-19 restrictions.Forsyth Barr rates the stock at outperform and is expecting the company to report first-half earnings before interest, tax, depreciation and amortisation of US$2...

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