High-stakes summer for market | Zuckerberg on Trump posts | 'Best-in-class' stocks

Stocks face several headwinds as the summer approaches, including rising trade tensions with China.

VIEW IN BROWSER | SUBSCRIBE SAT, MAY 30, 2020 WEEKEND BRIEF EDITOR'S NOTE Stocks have staged a remarkable recovery, but the coronavirus pandemic isn't over, the success of reopenings has yet to be gauged, and tensions with China are rising.   Wall Street is nearing what  CNBC's senior markets commentator Michael Santoli calls a "high-stakes summer." In this edition of Weekend Brief, Santoli says the strength of this market raises more questions than answers. He also says a key milestone reached last week - the S&P 500 hitting its 200-day moving average -  has been a period where past rallies have paused.   "The 200-day average has acted as a bit of a stall-out area after previous important market bottoms," he writes. "Even in the pronounced V-shaped recovery from late-2018 saw a quick slippage back to this level for a second touch before carrying higher."   CNBC's Patti Domm writes that the market may become caught in a tug of war between growth stocks that benefited from the stay-at-home trade and the beaten-down value stocks that have more recently begun to move higher.   "The big rotation into unloved stocks, like banks, small caps and airlines, took a break Friday, but it could be a theme that dominates trading again in the week ahead," Domm writes.   The market shrugged off actions President Donald Trump's took against China on Friday. Investors also largely ignored Trump's actions to possibly regulate social media giants, such as Twitter and Facebook. But these moves may ultimately pressure some of the technology names that have soared during the coronavirus pandemic.   Wherever the market heads this "high-stakes summer," Wall Street analysts are always identifying stocks that will thrive. CNBC's Michael Bloom offers a list of "best-in-class" stock plays as the economy recovers from the coronavirus pandemic.   Thanks for reading Weekend Brief.  Email your thoughts to EveningBrief@nbcuni.com or follow me on Twitter @tellittoal.   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal MICHAEL SANTOLI'S MARKET COLUMN Wall Street begins high stakes summer with market at critical levels as economy reopens   THE WEEK AHEAD Expect more shocking economic data in the week ahead with the unemployment rate set to near 20%   ACTIVIST SPOTLIGHT Activist Starboard pushes for change at a medical device company that could be a takeover candidate   YOUR WEEKEND BRIEFING  U.S.-China tensions are expected to rise and increasingly weigh on the technology sector China says U.S. action on Hong Kong 'doomed to fail' This under-the-radar hedge fund is riding e-commerce plays to a big return. Here are its next bets Pentagon puts military police on alert to go to Minneapolis Soccer and banks: These are some of the 'best-in-class' stock plays to emerge from the pandemic Mark Zuckerberg says Trump's posts do not violate Facebook policy Joe Biden sees surge in health-care industry fundraising as Trump slumps in polls over coronavirus response NBA targets July 31 to resume season, source says     Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS