Markets Live Recap: Why Stocks Closed Lower for the First Time in 3 Days

For the first time in three days, the Dow and S&P 500 closed lower as investors weighed the prospects of reopening the economy as job losses grew across the country.

A grim U.S. payrolls report showed private payrolls dropped by 20.2 million in April - the worst job loss in the history of the ADP report.

At the same time, 30 U.S. states have already partially reopened their economies or are planning on doing a partial reopening soon.

Here's how our experts - D.R. Barton, Jr., and Shah Gilani - see things playing out in the economy moving forward.

They even provided some of the top stocks to buy and sell today...

D.R. Barton, Jr. (1:30 p.m. EDT)

• If you have to be long stocks today, D.R. thinks investors would be wise to keep their money in tech stocks.
  • Activision Blizzard Inc. (NASDAQ: ATVI) is still one of his favorite bets to make since more people are staying home and playing video games.
  • D.R. will be closely watching the earnings reports from PayPal Holdings Inc. (NASDAQ: PYPL) and Square Inc. (NASDAQ: SQ) tomorrow.
• D.R. is bearish on the following stocks:
  • Shake Shack Inc. (NYSE: SHAK) - the company suffered reputation damage after news came out that it was trying to collect stimulus money meant for small businesses from the government.
  • Hyatt Hotels Corp. (NYSE: H) - occupancy is down considerably, and D.R. doesn't see people traveling and staying in hotels anytime soon.
  • Wynn Resorts Ltd. (NASDAQ: WYNN) - as a nonessential business, this stock is not likely to see revenue return to pre-COVID levels for a long time.
• To identify the best stocks to buy and sell during the pandemic, D.R. is using a brand-new proprietary tool he just developed.
  • It's called the Dark Edge system, and you can learn more about it here.

Shah Gilani (3:45 p.m. EDT)

• Shah explained the advantages of owning ETFs over mutual funds.
  • Shah has never owned a mutual fund and recommends investors use ETFs for better liquidity and lower fees on average.
  • Tomorrow, Shah will be revealing some of his favorite ETFs to trade in the market today.
• Shah will also closely be watching the new jobless claims number tomorrow.
  • He's seen estimates range anywhere from 1.9 million to 4.5 million additional losses.

Catch us tomorrow - starting LIVE again at 8:45 a.m. EDT with Chris Johnson, right here.

If you missed our live streams today, you can now replay them on our YouTube channel, here.

Got a question you want our experts to cover? Send us a note.

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