Happy Monday! A stronger-than-expected jobs report sparked a market rally on Friday and reopened the debate over the Federal Reserve’s next move, also igniting tensions between President Trump and Fed Chair Jerome Powell. Read on to see what is fueling the debate.

Furthermore, U.S. markets had strong gains in May; however, not everyone was cheering. According to data from Goldman Sachs, foreign investors pulled out a staggering amount of money, making it the biggest outflow in a year. Here are all the details.

Plus, if you’re looking for a gold-focused investment with insider confidence, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Trump Cheers Strong Jobs Data, Renews Attack On Fed's Powell: Rates 'Should Be Much Lower'

A stronger-than-expected May jobs report sent markets into rally mode, with payrolls (139,000) and wage growth (0.4%) exceeding expectations.

Investors cheered, pushing both bond yields and the indexes higher on fading hopes of an imminent Fed rate cut. But amid the optimism, President Donald Trump wasted no time applauding the numbers and calling on Fed Chair Jerome Powell to make an aggressive rate cut to “rocket fuel” the economy and end the current drag on growth.

Trump’s comments reignited a debate that’s dividing markets and policymakers alike. While the data suggests economic strength, most economists argue it’s exactly this resilience that gives the Fed cover to delay action. Inflation appears contained, but not enough to trigger urgency.

Read on to see what experts say about the latest job reports, what it means for interest rates and when we’ll likely see the next cut.

Pasofino Gold Raises $3.6 Million In Private Placement

Pasofino Gold Ltd. (EFRGF), a Canadian mining company, just raised $3.6 million in a non-brokered private placement. Insiders, including CEO Brett Richards, participated in the capital raise, which will be used to advance the company’s Dugbe Gold project in Liberia, the West African nation, and for working capital.

Dugbe Gold is a 2,978 km mine located in the Birimian geological province of West Africa, which the company says is one of the last remaining under-explored parts of this gold-rich region. Pasofino is in the process of updating a feasibility study which was last conducted in 2022 before gold prices more than doubled.

To learn more about Pasofino, click here.

This is a paid ad. Please see 17b disclosure here for more information.

Last Week: U.S. indices closed the week out on a high note thanks to a stronger-than-expected May jobs report, with nonfarm payrolls rising by 139,000 and the unemployment rate holding steady at 4.2%. The upbeat data lifted all the indices higher, with the Nasdaq leading the way at 1.2%. Meanwhile, the S&P 500 passed the 6,000 mark for the first time since late February. For the week, the Dow rose 1.2%, the S&P 500 climbed 1.5% and the Nasdaq jumped 2.2%. Bonds yield jumped on Friday, with the 10-year Treasury closing at 4.51% and the 2-year at 4.04%. In addition, the last two S&P 500 companies reported earnings last week to close out earnings season for the index. Overall, 78% of S&P 500 companies beat expectations with earnings growth at 13%. With regards to interest rates, it’s expected the Fed will hold rates steady in the near term due to solid labor data.

On Our Radar: Analysts will turn their attention to the wholesale inventories report — due later this morning — for insights on business demand. On the earnings front, Calavo Growers (CVGW) and American Integrity Insurance (ALL) will report earnings results after the market closes.

Musk vs. Trump: After trading public blows, Trump and Musk have quietly hit pause on their high-profile feud, but don’t mistake silence for stability. Discover what this pause likely means and the impact it will have on federal contracts, markets and Musk’s space empire.

Acquisition Spree: Salesforce just snapped up AI recruiting startup Moonhub — its second major AI acquisition in two weeks — signaling a bold push to dominate intelligent hiring. Paired with its $8 billion Informatica deal, read on to see how this move could reshape the future of enterprise automation.

IPO Trap?: Circle’s eye-popping 168% IPO surge may seem like a golden opportunity, but an ex-Goldman executive warns it’s a classic “engineered pop” that’s more sizzle than substance. Click here to read why waiting could mean buying smarter, not higher.

Price Shock: With 60% of its inventory sourced from China, Walmart is quietly hiking prices as U.S. tariffs on Chinese imports hit the shelves. Check out the full article to see how high the price increases are, what this means for inflation and your wallet and where prices could go next.

Chip Check: Broadcom posted a modest earnings beat, however, shares dipped as investor expectations remained sky high — buoyed by Nvidia’s earnings. Read on to see what analysts thought of the quarter, as well as the new price targets.

Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.

If you’re on the hunt for undervalued, overlooked and emerging stocks, you’ve come to the right place. With a wide array of tools and strategies available to retail traders, the real challenge often comes down to cutting through the noise to spot compelling opportunities and understanding why certain stocks should be of interest.

That’s where Benzinga comes in. We cut through the noise, analyze the data and highlight stocks that warrant your attention. Here’s one of five standout picks from this week’s Stock Whisper Index that should be on your radar.

TTM Technologies (TTMI): The technology solutions company saw strong interest from Benzinga readers during the week with no major news reported. The stock has been soaring over the last year, hitting new all-time highs recently. Last month, the company announced a $100 million share buyback that could help boost future earnings per share. The company beat earnings per share estimates in the first quarter, marking two consecutive beats, and seven of the last eight. The lone non-beat was an in-line figure in that time period. The company also beat analyst revenue projections in the first quarter, marking five straight quarterly beats. The stock was up nearly 10% over the last week and is up 34% on the year.

On This Day In 2014…

Apple executed its largest stock split in company history (7-for-1), reducing the price from nearly $700 to around $100. This move aimed to make shares more accessible to a broader range of investors and is often cited as a pivotal moment in Apple's journey toward becoming a trillion-dollar company. Since 2014, the tech giant has done one more stock split (4-for-1 in 2020), giving the company five total stock splits in its history. Today, Apple currently trades at $204 and has a market cap of $3.05 trillion.

QUOTE OF THE DAY

"Do not save what is left after spending, but spend what is left after saving." 

— Warren Buffett

Foreign Investors Pull $37 Billion From US Stocks In May—Largest Monthly Exit In A Year: Exodus Amid Market Recovery, 90-Day Tariff Pause

May delivered a curious twist for U.S. markets: while the S&P 500, Nasdaq and Dow all posted gains, foreign investors quietly staged their biggest retreat in a year.

According to the data from Goldman Sachs, $37 billion was pulled from U.S. equities last month, despite strong economic data and trade tensions cooling off as well.

This marks the second straight month of outflows, and paints a puzzling picture. Why are international investors losing confidence just as U.S. indices climb higher?

While some experts and analysts point to short-term volatility, others suggest other, much deeper concerns that are pushing capital to safer havens.

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