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stocks

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

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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...

stocks

Markets Live Recap: Why Oil Prices and Stocks Both Surged Today

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The biggest news of the day was the 20% pop for oil prices.

They surged thanks to optimism around production cuts.

There are also expectations from analysts that demand for the commodity will increase as some economies attempt to reopen around the world.

The S&P 500 was up as much as 1.8% mid-day, but only closed 0.9% higher.

The overall market is clearly buying the news that economies around the world will open up.

But it's to be determined if they'll be able to do that without spreading the coronavirus further.

Here's what our experts – Chris Johnson, D.R. Barton, Jr., and Shah Gilani – think investors should be doing with their money today.

Read more...

technology

300 Billion Reasons to Buy the 3 Best Video Game Stocks Now

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You don't often hear about the video game industry from Wall Street, but it's on the fast track to becoming bigger than both the film and music industry combined.

The global video game industry is worth a whopping $152 billion right now, while the music and movie industries are worth $19.1 billion and $136 billion, respectively.

Over the next five years, some of the best video game stocks to buy will help push the video game market to even greater heights, too.

Between now and 2021, Statista reports it'll grow 20% to $180.1 billion.

By 2025, Global Data says the video game market could rocket up to $300 billion.

Read more...

stocks

The Best Esports Stock to Buy Just Received Our Highest Score

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The e-gaming revolution is turning the hobbies of the 1980s in a $1 billion industry in 2019.

According to Statista, the industry is set to clear that benchmark this year. And the gaming analytics and market research experts over at Newzoo anticipate that the global esports market will surpass $1.6 billion by 2021.

Today, we turn to the Money Morning Stock VQScore to identify the single best stock set to capitalize from the e-sports industry.

VQScore tracks the 1,500 most profitable companies and assigns each a score from 1 to 4. The higher, the better.

That score projects whether a stock is poised to break out, helping you earn double- and even triple-digit gains in short order.

This week, the VQScore system identified the single best esports stock to buy as we approach 2020 and beyond...

Dow Jones

Dow Jones Industrial Average Falls 50 Points Ahead of Federal Reserve Rate Decision

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The Dow Jones Industrial Average fell over 50 points in premarket trading as investors awaited news from today's Federal Reserve meeting on interest rates.

Markets largely ignored this morning's announcement that Americans seeking unemployment benefits came in at 214,000, a figure that was in-line with economists' expectations.

The Dow Jones surged more than 445 points yesterday after the Democrats secured the House of Representatives during the Midterm elections.

Dow Jones

Dow Jones Today Slumps 90 Points Ahead of China-U.S. Trade Talks

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The Dow Jones today traded 90 points lower in pre-market trading as investors turned over imminent bilateral trade talks between the United States and China.

The American trade delegation, which includes Treasury Secretary Steven Mnuchin, will spend two days in Beijing attempting to diffuse an increasingly complicated trade situation.

Markets are reacting negatively to reports that the United States is considering restrictions that would prevent certain Chinese firms from selling telecommunications equipment in the U.S markets.