TradingKey

TradingKey - On Friday, June 5 (ET), the U.S. Bureau of Labor Statistics will release the May non-farm payrolls report. The market generally expects U.S. non-farm job growth to slow further from April, with current forecasts ranging from approximately 85,000 to 96,000, compared to the previous figure of 115,000. The unemployment rate is projected to remain around 4.2% to 4.3%, while the month-on-month growth of average hourly earnings is expected to pick up to 0.3%, up from the previous 0.2%.

TradingKey - On May 29, ET, U.S. President Trump held a meeting of approximately two hours with his national security team in the White House Situation Room to discuss whether to approve an interim agreement related to Iran; however, no final decision was announced following the conclusion of the meeting. The agreement aims to extend the fragile U.S.-Iran ceasefire for 60 days and pave the way for restarting Iran nuclear negotiations and reopening the Strait of Hormuz.

Tradingkey - The Iran-US conflict has disrupted global oil and gas production by interrupting supply chains and damaging oil supply lines and pipeline infrastructures due to ongoing hostilities.According to the Energy Information Administration, in April, Iraq, Saudi Arabia, Kuwait, the United Arab

• SanDisk leads in AI memory market due to strong demand. • Company reported strong earnings, exceeding expectations. • Analysts upgraded ratings and raised price targets.

• Spotify's share price fell amid mixed investor sentiment. • Licensing deal with Universal Music Group introduced AI-generated music features. • Insider selling and securities investigation may have impacted stock.

• Texas Instruments (TXN) saw intraday volatility despite positive Q1 results. • Recent insider selling by executives may have impacted stock performance. • Profit-taking after a strong stock run contributed to price decline.

• Cloudflare partnered with Anthropic for AI agent environments. • Analysts raised price targets following strong Q1 2026 results. • Industry-wide AI adoption fuels demand for Cloudflare's infrastructure.

• Snowflake beat Q1 earnings and revenue estimates; raised annual guidance. • Company secured a $6 billion, five-year deal with Amazon Web Services (AWS). • Snowflake intends to acquire AI platform Natoma, enhancing AI strategy.

Tradingkey - The U.S. aerospace industry suffered a major setback as space sector stocks came under broad pressure, with AST SpaceMobile (ASTS) tumbling 14.57%. According to media reports, Blue Origin’s New Glenn uncrewed rocket experienced a catastrophic explosion on the launch pad at Cape Canaveral Space Force Station on Thursday night, causing severe damage to the company’s only launch facility.

Tradingkey - On May 29, the board of directors of Universal Music Group, the world's largest music company, issued a statement officially rejecting a $65 billion all-cash acquisition proposal from billionaire Bill Ackman and his firm, Pershing Square Capital Management. The board explicitly stated that the transaction "is not in the best interests of Universal Music Group, its shareholders, artists, songwriters, employees, and all other stakeholders."

• HPE stock rose due to positive market sentiment and expected strong results. • Dell's strong earnings report created a positive spillover for AI server companies. • Juniper Networks acquisition and new AI products support investor interest.

• Celestica's AI networking role and financial performance boosted stock. • Company released 1.6TbE switching platforms for AI/ML networking. • Q1 2026 results exceeded expectations; full-year outlook raised.

• Coherent Corp. stock declined due to market sentiment and profit-taking. • Concerns arose about Coherent's overvalued stock and sector re-evaluation. • Insider selling and neutral technicals suggest a cautious outlook.

• Ford Energy's AI and storage focus drives stock enthusiasm. • Q1 2026 earnings and revenue exceeded expectations. • Analysts raise price targets, citing capital discipline.

• Flex reported strong Q4 and FY26 results, exceeding expectations. • Company plans to spin off Cloud and Power Infrastructure segment. • Analyst sentiment is mixed, with some raising price targets.

• Fortinet beat Q1 2026 expectations and raised full-year guidance. • Analysts raised price targets, with BTIG reaching $150.00. • Fortinet innovated AI security and benefits from cybersecurity spending growth.

• Bloom Energy stock declined due to valuation and project concerns. • Pipeline issues for Oracle Project Jupiter raise infrastructure uncertainty. • Profit-taking likely occurred given prior stock appreciation and premium valuation.

• Robinhood launched AI-powered trading and credit card features. • Mizuho raised Robinhood's price target to $115. • Robinhood gained Canadian regulatory approval for WonderFi acquisition.

• APRA imposed license conditions on HTFS Nominees Pty Limited. • Financial shares experienced weakness due to mortgage credit concerns. • ASX share price decline outweighed broader market rally.

Tradingkey - On May 29, the U.S. cryptocurrency industry achieved a milestone regulatory breakthrough. Cryptocurrency exchange Coinbase (COIN) and prediction market platform Kalshi jointly announced on Friday the official launch of cryptocurrency perpetual contract products. This marks the first time in U.S. history that investors are permitted to trade perpetual futures contracts through domestic, licensed, and regulated exchanges. The product launch received official listing approval from the Commodity Futures Trading Commission (CFTC), signifying that crypto perpetual futures, which had long resided in a regulatory gray area, are now formally integrated into the U.S. domestic financial regulatory system, establishing a clear framework for onshore trading rules.