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Markets Live Recap: Unemployment Totals Top 30 Million

Another 3.8 million Americans filed for unemployment this past week, bringing the total unemployed to over 30 million people.

The consensus estimate was for 3 million job losses, but coronavirus surprised to the upside yet again.

Stocks traded about 1% lower in early trading and found little support throughout the trading day, closing around the same level.

Here's what our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – saw in the markets today and think investors should be positioning themselves as we head into Friday trading.

Read more...

Stocks

Markets Live Recap: Stocks Jump After Successful Treatment Trials

Investors got another vote of confidence today and bid stocks higher after Dr. Anthony Fauci expressed optimism about a potential coronavirus treatment from Gilead Sciences Inc. (NASDAQ: GILD).

Gilead's Remdesivir drug preliminary results showed at least 50% of patients treated with a five-day dosage improved.

The S&P 500 jumped 2.6%, putting the index on track for its best month since 1974.

At the same time, the curve does not appear to be flattening in the United States yet.

As of yesterday, over 1 million Americans have officially been diagnosed with the coronavirus.

And 32 million Americans are still officially unemployed.

That's approximately 19.5% of the 164.5 million total work force.

The stock market is clearly not representing the economy right now.

Instead, it's being propped up by the government.

Here's what our experts – Chris Johnson, Tom Gentile, and Shah Gilani – thought about today's positive move and where they see stocks moving forward.

Read more...

stocks

Markets Live Recap: Why the Dow Fell for the First Time in 5 Trading Days

Stocks started the day up about 1%, building on yesterday's positive momentum that 12 states were looking to reopen parts of their economies.

But as the latest earnings reports of the FAANG stocks came into focus, investors became nervous.

This afternoon, these market leaders started selling off ahead of their conference calls with analysts later this week.

That's what ultimately drove the market down mid-day and into the close.

Here's what our experts - Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani - saw in the stock, bond, and gold markets today, April 28...

stocks4

Markets Live Recap: Stocks Begin the Week Strong as Economic Outlook Brightens

Stocks rose 1.6% today as investors felt optimistic about governments around the world reopening their economies amid the coronavirus outbreak.

In addition to some U.S. states, Italy, Germany, and France said they're also looking to ease the quarantine policies that have been in place for the last two months.

If economies can reopen and consumers feel confident, stocks could continue to rally.

But if the COVID-19 curve starts to steepen as a result, that would likely send stocks lower.

And we could break through the recent lows made last month.

Here's what our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – think investors should be doing with their portfolios this week.

Read more...

Trading Strategies

After the Apocalypse: How We'll Make Money in the Post-Pandemic World

The novel coronavirus isn't "novel" anymore.

It's everywhere.

And it's disrupting how we live, how we work, and how we invest.

Huge paradigm shifts are already underway.

Here's how life as we know it is changing…

The Reaction to COVID-19's Origin and Spread

The origin of the novel coronavirus is unknown – at least officially. But that hasn't stopped speculation about whether the virus manifested itself naturally – perhaps originating in bats, got passed to an intermediate animal host, and morphed or became zoonotic, and able to infect humans – or whether it is a manmade virus.

If it is zoonotic in origin, the world will still want to know where and how it happened – and how to prevent naturally occurring future virus mutations.

If its origin is manmade – whether it was being engineered as a SARS vaccine, or as an HIV-attached bioweapon – we need to know.

It matters.

When the truth is discovered, or the most plausible scenario gets mapped out, countries are going to react. The nature of global relations will change… Full Story

When the truth is discovered, or the most plausible scenario gets mapped out, countries are going to react. The nature of global relations will change... Full Story

Trading Strategies

These Cash-Rich Companies Give You a Safety Net Today - and Wealth for Years to Come

We get scads of questions from you folks here at Money Morning – each and every day.

We get them through our terrific customer-service team members, via Facebook and Twitter, posted as comments on stories, and funneled in through our newsletter gurus (of which I'm one).

But I'll let you all in on a behind-the-scenes secret.

A huge swath of these queries are some variation of the question: "What stocks should I be looking at right now?"

Now, I've been doing this for a very long time.

So I understand that your question is actually much more "nuanced" – much more sophisticated – than that. It's actually three savvy questions wrapped up into one.

And what you're really saying to me – to all of us – is more akin to this…

"Look, Bill, I'm taking the 'long view' here – because I know that's the right way to go. But I want to buy the 'right' stocks."

And by "right stocks," you know you want to buy shares of companies that:

  • Have good growth prospects – especially in the post-pandemic world – meaning I'll be able to buy them on the cheap now, and be confident I'll keep making money for years to come.
  • Have a business "story" I can understand and explain, since that'll let me keep track of how my investment is doing for that time period.
  • Are really "low-risk stocks," meaning there's a "margin of safety" if the stock market and/or the U.S. economy takes it on the chin.

The perfect place to start when building wealth, the perfect foundation, is low-risk stocks. Like companies stuffed with cash, which I'm showing you today… Full Story

The perfect place to start when building wealth, the perfect foundation, is low-risk stocks. Like companies stuffed with cash, which I'm showing you today...

Trading Strategies

Get Paid Today to Buy These Top Stocks at Bargain Prices

Over the past two months, "too big to fail" stocks like Facebook, Apple, and Google have received some pretty bad haircuts.

But just like my accidental seventh-grade bowl cut, it will grow back. What sounds like bad news now won't last for the long term. In fact, this blue-chip stock pummel spells huge opportunity.

You see, these companies are among the most successful companies in the world. They are at the heart of American commerce, and although they've been beaten up badly, they will recover to normal levels in due time.

But you don't have to wait until then to profit. You can get paid big today to buy these stocks at bargain prices – lower than where they sit now – by selling put options… Full Story

But you don't have to wait until then to profit. You can get paid big today to buy these stocks at bargain prices - lower than where they sit now - by selling put options...

stocks

Markets Live Recap: Our Experts Cover Job Losses, Tech Stocks, and Bitcoin

This morning, the United States Labor Department revealed that another 5.2 million Americans filed for unemployment over the last week.

That brings the total monthly loss to 22 million people.

The consensus amongst our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – is that things are likely to get worse before they ultimately get better.

Today, they focused on tech stocks to buy and shared their opinions on Bitcoin and the future implications it may have on the global economy.

Here's what they had to say on their live streams today, April 16...