Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
Markets Live Recap: Stocks Rise Another 2% Despite Record Jobless Claims
https://moneymorning.com/?p=1143181
Required Please enter the correct value.
Twitter
Stocks: BA, BX, CIM, HD, JD, KSS

Markets Live Recap: Stocks Rise Another 2% Despite Record Jobless Claims

By Money Morning Staff Reports, Money Morning • May 8, 2020

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Stocks surged to close the week higher as investors think the worst of coronavirus is behind us.

That's even after the U.S. unemployment rate soared to 14.7%, the worst since the Great Depression.

Here's what our experts - Chris Johnson, D.R. Barton, Jr., and Shah Gilani - saw in the markets today.

And how they think investors should be positioning themselves heading into next week...

Chris Johnson (8:45 a.m. EDT)

  • Chris is bullish on JD.Com Inc. (NASDAQ: JD), currently trading for $46.
    • He called it the "perfect stock" to hold in your portfolio from 2020 to 2021.
    • Now is a good time to buy because earlier this week, JD bounced of its 50-day moving average with significant volume. This is a great technical indicator that signals investors are confident the stock will likely jump higher in the near term.
    • Chris has a $55 price target on JD and thinks a covered call strategy could add an extra 5% to 6% to your total returns with the premiums you collect from selling the calls on your long position.
  • Chris is bearish on Boeing Co. (NYSE: BA), currently trading for $132.
    • The economy has a direct target on Boeing's back, and travel could be permanently affected with the proposed new air safety guidelines.
    • If the stock drops below key technical support at the $120 level, Chris thinks it will quickly run below $100.
    • Stay away from this stock, and don't even try trading it, because the government could bail it out indefinitely.

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

  • D.R. is bullish on:
    • Blackstone Group Inc. (NYSE: BX), currently trading for $52. Technical indicators show the stock is on the path to break $60.
    • Chimera Investment Corp. (NYSE: CIM), currently trading for $8. D.R. thinks the stock could top $10 in the next couple weeks.
    • Home Depot Inc. (NYSE: HD), currently trading for $233. D.R. thinks the stock could reach new all-time highs (above $247) as people look to renovate their homes themselves to save money.
  • D.R. is bearish on:
    • All of the cruise line stocks. He thinks they're the No. 1 most at risk industry in the world. They're not essential, and people know they're extremely risky to go on during a pandemic.
    • Retail shopping companies like Kohl's Corp. (NYSE: KSS) because we don't know when they'll open again. And with unemployment increasing at a record pace, he thinks consumers will spend on more important things like food first.

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

  • Shah thinks stocks are clearly decoupling from the economy. But he doesn't think the worst is behind us...
    • Unemployment will likely continue to rise. And it and could even double - to 30% - according to Shah.
  • Shah is worried that futures are pricing in the possibility of negative interest rates here in the United States for the first time ever.
    • That could cause the prices of gold and Bitcoin to continue soaring.
  • Shah thinks investors would be wise to hold cash here and be patient before putting any money to work.

Catch us Monday - 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.

Learn How to Harness This Powerful Options Trading Secret for Yourself

Live from his private office in Florida, America's No. 1 Pattern Trader is revealing his most lucrative options trading secret yet.

It's the reason he's able to make such fast, profitable moves on companies like Netflix, Apple, Facebook, even Amazon - the reason he's able to see major paydays long before they happen.

We're talking about the potential to see the future of any stock on the market.

And Tom Gentile's going live to show you exactly how to do it.

Believe it or not, it's as easy as a few simple clicks of your mouse...

In no time at all, you could be lining up trade opportunities one by one and watching as your account grows bigger and bigger.

Click here to learn more.

Follow Money Morning on Facebook and Twitter.

Join the conversation. Click here to jump to comments…

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

Ā© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz