Alpha Picks Weekly Market Recap

Jun. 08, 2025 5:00 AM ET11 Comments
(8min)

Summary

  • Strong gains in tech stocks and easing concerns over tariffs helped major averages climb higher for the week by midday trading on Friday.
  • Tesla suffered a significant market cap loss Thursday after tensions between Elon Musk and President Trump flared. However, shares rebounded Friday following news of potential reconciliation talks.
  • Markets were encouraged following a positive call between Trump and Xi Jinping, easing some global trade concerns, with more negotiations to follow.
  • Nonfarm payrolls increased by 139,000 jobs in May, surpassing the expected 126,000 but slowing from April’s 147,000, indicating a slowing but steady labor market.
  • Bitcoin climbed up to 1.8% Tuesday as a strong JOLTS report boosted risk appetite; crypto-linked stocks like BKKT and CORZ posted double-digit gains.

Wooden blocks with the word Recap. A document presenting your skills and achievements. Getting a new job position. Business concept. Resume. Interview.

Andrii Yalanskyi

Trump-Musk Rupture Hits Tesla

Tesla (TSLA) faced significant market volatility this week due to a highly publicized rift between CEO Elon Musk and President Trump over the administration’s sweeping tax and spending bill. The spat escalated when

  • I am Steven Cress, Head of Quantitative Strategies at Seeking Alpha. I manage the quant ratings and factor grades on stocks and ETFs in Seeking Alpha Premium. I also lead Alpha Picks, which selects the two most attractive stocks to buy each month, and also determines when to sell them.

This article was written by

70.12K Followers

Steven Cress is VP of Quantitative Strategy and Market Data at Seeking Alpha. Steve is also the creator of the platform’s quantitative stock rating system and many of the analytical tools on Seeking Alpha. His contributions form the cornerstone of the Seeking Alpha Quant Rating system, designed to interpret data for investors and offer insights on investment directions, thereby saving valuable time for users. He is also the Founder and Co-Manager of Alpha Picks, a systematic stock recommendation tool designed to help long-term investors create a best-in-class portfolio.

Steve is passionate and dedicated to removing emotional biases from investment decisions. Utilizing a data-driven approach, he leverages sophisticated algorithms and technologies to simplify complex, laborious investment research, creating an easy-to-follow, daily updated grading system for stock trading recommendations.

Steve was previously the Founder and CEO of CressCap Investment Research until its acquisition by Seeking Alpha in 2018 for its unparalleled quant analysis and market data capabilities. Prior to that, he had also founded the quant hedge fund Cress Capital Management, after spending most of his career running a proprietary trading desk at Morgan Stanley and leading international business development at Northern Trust.

With over 30 years of experience in equity research, quantitative strategies, and portfolio management, Steve is well-positioned to speak on a wide range of investment topics.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of CRDO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given that any particular security, portfolio, transaction or investment strategy is suitable for any specific person. The author is not advising you personally concerning the nature, potential, value or suitability of any particular security or other matter. You alone are solely responsible for determining whether any investment, security or strategy, or any product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. Steven Cress is the Head of Quantitative Strategy at Seeking Alpha. Any views or opinions expressed herein may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

Recommended For You

Related Analysis