On Friday, June 7, traders will have a lot to keep an eye on. The May employment report is set to be released in the morning, with economists expecting a slight increase in nonfarm payrolls from April and the unemployment rate to remain stable. Additionally, NVIDIA (NVDA) will complete its 10-for-1 stock split after the market closes, making their shares more affordable for investors.
Another stock to watch will be GameStop (GME), as a YouTube account linked to meme stock trader “Roaring Kitty” has scheduled a livestream for Friday at noon ET. This announcement caused GameStop shares to surge by 47% in trading on Thursday.
For more expert insights and the latest market action, viewers can watch the full episode of Market Domination Overtime. The May jobs report is expected to show a slower increase in jobs added compared to April, with the employment rate remaining steady. NVIDIA’s stock split will not change the company’s valuation but will make shares more accessible to investors. Lastly, GameStop’s stock saw a significant rise due to the announcement of the upcoming livestream by Roaring Kitty, causing trading in the stock to temporarily halt. Traders should be prepared for potential volatility in GameStop’s stock on Friday.
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https://finance.yahoo.com/video/nvidia-stock-split-may-jobs-211226211.html
