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)
Twitter
Tags: stocks
Stocks: AEO, CPB, MCHP

Markets Live Recap: The FOMO Rally Heats Up

By Money Morning Staff Reports, Money Morning • June 3, 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Your email address will not be published.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

Despite hardly any positive news, Wall Street continued putting more cash to work on Wednesday as investors bid stocks another 2% higher.

They're betting that we're going to have a smooth reopening of the economy even as coronavirus infections continue higher and protests against police brutality fuel nationwide social unrest.

Here's what our experts - Chris Johnson and Shah Gilani - saw at the open and close of the trading day, today, June 3...

Chris Johnson's top stocks to watch today (8:45 a.m. EDT)

  • American Eagle Outfitters Inc. (NYSE: AEO), currently trading for $11.75.
    • With limited store traffic due to COVID-19 lockdowns, the company missed on earnings and revenues - yet shares rallied 14.3% today.
    • After a 63% run-up over the last month, Chris has shifted his bullish stance on the stock to a bearish one...
    • He thinks investors are going to be taking profits at current levels, so he has near-term $8 price target on the stock.
  • Campbell Soup Co. (NYSE: CPB), currently trading for $49.
    • The company saw shares fall 6% today despite stronger-than-expected Q3 earnings and revenue as consumers stocked up on its canned soup and other non-perishable staples.
    • Chris has a near-term $56 price target on CPB.
  • Microchip Technology Inc. (NASDAQ: MCHP) started the day trading at $96.85 per share.
      Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.
    • After shares got attention due to analyst upgrades, Chris noted the stock recently broke through its 200-day moving average and put a technical "buy" on the stock given its trends and momentum.
    • He put a near-term price target of $110 on the stock this morning, and it closed the day at $108.80.

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

  • Shah still can't believe the current market rally. But he knows the Fed's financial support is not going away anytime soon.
  • Shah thinks investors shouldn't fight the Fed and should follow the trend instead.
  • So today, he's recommending investors take off their short positions.
  • And if this rally falters later, Shah will load you up with some of his best new short ideas so you can make money off any quick moves to the downside.

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.

You Can Collect Four Separate Paydays in Under a Minute with This Options Trading Secret

Live on camera, America's No. 1 Pattern Trader is showing you the secret behind some of his biggest trades to date.

Watch as he uses this special tool to collect four separate paydays in under a minute - all from enormous companies like Netflix, Apple, Facebook, even Amazon.

While it may have taken Tom years to invent this moneymaking "machine," it's super easy to understand and utilize.

All it takes is a few simple mouse clicks, and you could be hundreds, even thousands, richer.

This is an opportunity you won't want to miss out on.

Click here to get started today.

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


Latest News

June 3, 2023 • By Garrett Baldwin

Postcards - Do This Whenever You See Buffett Buy OXY

June 2, 2023 • By Nick Black

Market Roundup: Digital Assets to Watch for the Weekend of June 2

June 2, 2023 • By Shah Gilani

earnings
How to Profit on a "Bankruptcy Wave" Hitting Markets Hard
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 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 Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts Resource Traders Alliance

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 or Share My Personal Information

wpDiscuz