In partnership with

Good morning investors!

If this is your first time reading, welcome to The Investor’s Edge — a thriving community of over 23,000 subscribers striving to be better investors with an edge in the market.

Every weekend we publish “The Weekly Wrap-Up” — your ticket to being well informed and staying ahead in the investment game!

This report is designed to help investors of all skill levels break down important stories/topics within the stock market. And best of all, we cut through all of the BS and give you exactly what you need to know in easy to digest, bite sized pieces of content.

Grab your coffee and let’s dive in.

Market Talk

All three major indexes finished the week higher, with mega cap stocks once again leading the charge.

3 Stories Moving the Market

These are some of the biggest stories from the second half of the week that had an influence on market action.

Elon Musk and Donald Trump trade blows after their break-up

The once-strategic alliance between Donald Trump and Elon Musk has imploded into a full-scale political and financial feud. The clash triggered a historic 14.3% drop in Tesla stock, erasing $150B in market cap, after Trump threatened to sever federal contracts and Musk fired back with impeachment calls and anti-spending bill campaigns. Tesla stock did rebound 5.5% on Friday.

🔑 Key Points

• Historic Tesla Selloff: Tesla shares plunged 14.3%, its worst single-day loss ever, after Trump threatened to end subsidies and contracts with Musk-led companies like Tesla and SpaceX.

• Musk's Political U-Turn: After backing Trump with ~$300M in donations and serving in his cabinet, Musk now calls for his impeachment and is openly attacking the administration’s flagship tax-and-spending bill.

• SpaceX in the Crosshairs: Musk threatened to decommission the Dragon spacecraft, critical to U.S. space missions, before walking back the comment hours later amid rising political pressure.

• GOP in a Bind: The feud fractures GOP unity ahead of midterms as Musk’s massive online influence and donor power could complicate Republican campaign dynamics.

• EV & Tariff Implications: Trump alleges Musk’s true gripe is losing EV tax credits in the bill. Musk counters by highlighting ballooning federal debt and calling the legislation “disgusting pork.”

👀 What You Need to Know

This feud could trigger longer-term risks for Musk-linked stocks, especially if Trump makes good on threats to restrict contracts. Investors should also monitor broader fallout on EV subsidies, space tech spending, and political lobbying in Silicon Valley. The political battle also heightens uncertainty around tariffs and federal debt, all of which have market implications far beyond Tesla.

U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%

The U.S. economy added 139,000 jobs in May, topping muted expectations despite rising trade tensions and a slower macro backdrop. The unemployment rate held at 4.2%, while wage growth surprised to the upside, up 0.4% month-over-month and 3.9% year-over-year. However, sharp downward revisions to prior months and a nearly 700,000-worker decline in the household survey signal that softness may be bubbling beneath the surface.

🔑 Key Points

• Solid Headline Beat: May nonfarm payrolls rose by 139,000, above the 125,000 forecast, despite tariff and slowdown concerns.

• Wages Reaccelerate: Average hourly earnings rose +0.4% MoM and +3.9% YoY, hotter than expected and stoking inflation watch.

• Health Care Leads Hiring: Health care added 62,000 jobs, well above its 12-month trend, followed by gains in leisure (+48K) and social services (+16K).

• Workforce Shrinks: Household survey showed a massive -696,000 drop in employment, with full-time jobs falling by -623,000.

• Fed Cautious but Steady: Stronger wages and job gains may not shift the Fed’s current stance, as policymakers remain focused on tariff-driven inflation risks.

👀 What You Need to Know

Markets welcomed the topline surprise, but the mixed internals, especially workforce shrinkage and downward revisions, hint at growing fragility. With the Fed entering its blackout period ahead of June’s FOMC meeting, investors should expect policy patience but heightened sensitivity to inflation and consumer weakness from tariffs.

Sponsored by Morning Brew

Your career will thank you.

Over 4 million professionals start their day with Morning Brew—because business news doesn’t have to be boring.

Each daily email breaks down the biggest stories in business, tech, and finance with clarity, wit, and relevance—so you're not just informed, you're actually interested.

Whether you’re leading meetings or just trying to keep up, Morning Brew helps you talk the talk without digging through social media or jargon-packed articles. And odds are, it’s already sitting in your coworker’s inbox—so you’ll have plenty to chat about.

It’s 100% free and takes less than 15 seconds to sign up, so try it today and see how Morning Brew is transforming business media for the better.

Check it out

Amazon Tightens Retail Hiring as It Expands Global Cloud Footprint

Amazon is threading the needle between cost discipline and bold infrastructure investment. Internally, the company has frozen its 2025 hiring budget for the retail division, locking operating expenses (salaries + stock comp) at 2024 levels. At the same time, Amazon is doubling down on growth in cloud and AI with a $5 billion AWS investment in Taiwan and continued expansion in North Carolina and Chile. Together, these updates reflect a strategic balancing act: tighten costs in legacy segments while investing heavily in future drivers like cloud, data, and AI.

🔑 Key Points

• Retail Hiring Budget Frozen: Amazon’s retail unit will hold headcount-related OpEx flat in 2025, shifting from headcount targets to strict budget-based planning for better financial control and flexibility.

• Efficiency Focus: The move is part of Jassy’s ongoing margin push, following job cuts, management flattening, and operational reforms.

• Massive Cloud Investments: AWS just launched a new Asia Pacific Region in Taipei with a $5B commitment, alongside additional builds in North Carolina and Chile, boosting long-term infrastructure capabilities.

• Cloud and AI as Growth Engines: Analysts expect 8.9% annual revenue growth driven by AWS and AI momentum. Despite higher upfront costs, these initiatives could materially improve long-term profitability.

• Stock Outlook: Amazon is up 12% over the past month, reflecting strong tech sentiment and macro tailwinds.

👀 What You Need to Know

Amazon is tightening costs where it can (retail hiring) and spending big where it must (cloud, AI). That barbell strategy reflects a maturing tech giant navigating margin discipline while still planting seeds for future growth. Investors should monitor AWS expansion returns closely as they’re central to justifying Amazon’s elevated valuation.

In Other News

In this section, we'll be curating a selection of news headlines we think you'll find interesting. If a topic catches your eye, click the provided links to read more about it.

• Trump presses Fed chief Powell to cut interest rate by full point despite strong jobs report

• Trump calls for scrapping debt limit

• Broadcom beats on earnings and revenue

• Procter & Gamble to cut 7,000 jobs as part of broader restructuring

• Lululemon shares tumble 20% as it cuts full-year earnings guidance, citing ‘dynamic macroenvironment’

• DocuSign stock tanks 18% after company cuts billings outlook

• Citi plans to slash 3,500 tech roles in China as global banks cut costs

• MongoDB close up 13% after company boosts guidance, cites confidence in cloud-based database service

• Kimberly-Clark sells majority stake in international tissue unit to Brazil’s Suzano

• Robinhood Markets total platform assets reach record $250B in May

• Stablecoin issuer Circle soars 168% in NYSE debut after pricing IPO above expected range

Edge+ Posts of the Week

We continue to push out more and more content every week to give investors that edge. Here are the posts Investor’s Edge+ subscribers received this week.

The Edge Report

Mondays are for the investors. Every Monday morning we share exactly what we’re watching in the week ahead, how we’re positioning, and even share a sneak peek into our systems and models. This week we discussed the start of a new month, and the huge week of jobs reports and earnings ahead. See the latest full report here:

Earnings Recap

Every week during earnings season is extremely busy for us here at the Edge as we dive into over 100 reports and provide our members with top tier breakdowns and insights. This week we saw earnings from Broadcom, CrowdStrike, Lululemon, and more. See this week’s recap:

The Week Ahead

It may be a light from an earnings front, but there’s potential for fireworks as inflation will be the main focus next week.

Earnings Reports

This earnings season has been exciting, and while it’s mostly in the rear-view, there are still some big names left to report. Here is the list of names we will be covering:

• Monday 6/9: --

• Tuesday 6/10: --

• Wednesday 6/11: Oracle

• Thursday 6/12: Adobe

• Friday 6/13: --

Here is the full calendar of scheduled earnings releases:

Economic Reports

Next week is all about inflation as we get both the CPI and PPI releases. We also get initial jobless claims and consumer sentiment.

The Investor’s Edge Discord is a HUGE benefit of being a subscriber - don’t miss out, it’s FREE!

If you are only reading the newsletter, you are only getting a fraction of the benefits of being an Edge subscriber.

Our Discord server is tailor-made for investors like you who want to dive deeper into stocks, share insights, and engage directly with us. And it’s completely free!

Here’s what you’re missing in the Discord:

🗨️ Chat rooms: Investors discussed the the huge moves from mega cap tech. Members also dove into the number of jobs reports and shared their views on the overall economy.

📊 Earnings / Economic reports: No more waiting for our newsletters to hit your inboxes - see earnings results and economic data as they are released. And more importantly, get our reactions and insights immediately.

🚨 Trade Alerts: Chris and Mark shared several trades, including additions to the portfolio and trades that set up their portfolios for the week.

Join us on Discord and let's level up our investing game together. The future of trading awaits—and you're invited to be a part of it! 🌟

Want more? Check out our other resources

If you haven’t done so, check out the social media pages of our collaborators and give them a follow:

Mark (Dividend Seeker)

• YouTube

• Twitter

• Instagram

Chris (CMG Venture)

• YouTube

• Twitter

• Instagram

• TikTok

Thank you for reading this edition of the Weekly Wrap-Up. Have a great weekend!

Until next time investors!

Mark & Chris

The Investor’s Edge

Disclosure

This is not investing advice. It is very important that you do your own research and make investments based on your own personal circumstances, preferences, goals and risk tolerance.