Welcome to Seeking Alpha's Wall Street Brunch, our Sunday look ahead to this week's

market-moving events, along with the weekend's top news and analysis.

Hello, today is Sunday, June 29th, and I'm your host, Kim Khan. It's Jobs Week again,

and traders get the number early due to the market holiday

for Independence Day. The markets are closed Friday, July 4th, and will close at 1 p.m. on Thursday,

the same day payrolls hit before the bell. Economists expect that June non-farm payrolls

rose by 120,000, with the unemployment rate staying at 4.2%, and average hourly earnings up 0.3%.

Wells Fargo economists say,

the labor market is losing altitude. Although payrolls came in slightly better than expected

in May, significant downward revisions to March and April unveiled a softer pace of expansion.

Looking through the household survey's monthly noise, the softening in labor demand will likely

keep the unemployment rate inching higher on trend, they added. The labor market's gradual loosening has already eased the pressure

on employers to hike wages. Also on the economic calendar, the ISM indexes for manufacturing

and services are due, as well as factory orders and construction spending. The earnings calendar

remains light, but drinks company constellation brands is due to report on Tuesday.

EPS is expected to decline to $329 on revenue of $2.56 billion.

As the company continues to face stagnant growth and tariff headwinds, analysts expect outlook to be weak,

with the wine and spirit segments struggling with double-digit revenue declines.

In the bear camp, seeking out the analyst Lucas Sachi says valuation appears stretched with an intrinsic

value below the current price and negative momentum increasing downside risk, especially before earnings.

That SA analyst Jim Sloan is more optimistic, noting that Berkshire Hathaway bought a position in

Stars in Q4, 2024, and doubled it in Q1,

...