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Stocks Rise Higher As Market Bets The Worst Is Over Following April’s Dismal Jobs Report

Plus, Sorrento Therapeutics is partnering with New York’s Mount Sinai on developing a antibody cocktail to shield health care workers and other front-line workers from the coronavirus, Tesla is resuming production at its Fremont, CA plant, and Disney shares got a boost from tickets selling out within minutes for the reopening of its Shanghai Disneyland park.

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US Economy

U.S. Private Payrolls Dropped By 20.2 Million In April – “More Than Double The Total Jobs Lost During The Great Recession”

Plus, oil snapped its five-day winning streak, Uber is laying off 14% of its workforce, Disney saw $1.8 billion in lost profit last quarter due to the coronavirus, while General Motors managed to eke out a profit.

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One Expert Says This Is When To Buy Disney Shares

Disney shares are already trading at a discount, and will be a solid buy once they hit this level.

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Gaming
One Hot Stock

Nintendo Co., Ltd. (NTDOY) -Buy Target – $46.50 or better

Buy Target – $46.50 or better Sell Signal – TradersPro Sell Signal Nintendo Co., Ltd., together with its subsidiaries, develops, manufactures, and distributes electronic entertainment products in Japan, the United States, Europe, Australia, Asia, and internationally. It provides video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and […]

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Jobless Claims Rose to 281,000 Last Week But Experts Say That Number Could Surge Far Higher Soon

Plus, Treasury Secretary Mnuchin revealed details of a third coronavirus aid package, Disney issued a warning about its future performance, and Ford suspended its dividend.

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Entertainment
Tech Industry
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TradersPro Alerts

GoPro, Inc. (GPRO) Buy Target $3.84 Sell Target $4.12

Trade Setup Buy Target $3.84 Sell Target $4.12 GoPro, Inc. develops and sells cameras, mountable and wearable accessories, and subscription services in the United States and internationally. The company offers HERO8 and HERO7, a cloud-connected line of camera; MAX, a waterproof 360-degree camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, […]

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Entertainment
TradersPro Alerts

World Wrestling Entertainment, Inc. (WWE) Buy Target $50.66 Sell Target $57.11

Trade Setup Buy Target $50.66 Sell Target $57.11 World Wrestling Entertainment, Inc., an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through three segments: Media, Live Events, and Consumer Products. The Media segment engages in the […]

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Why One Analyst Says This Stock Is Too Cheap To Ignore Now

“Enough is enough,” the analyst wrote. This stock is “too cheap on any reasonable sum-of-the-parts valuation.”

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