Stocks finished the week on a high note as the three major U.S. indexes closed higher on Friday following solid jobs growth and hope that the U.S. and North Korea will meet later in the month.

Investing in retail is about as fickle as the window shoppers on Fifth Avenue. Abercrombie & Fitch Co. (ANF)  fell 8.8% despite the retailer reporting a loss in the first quarter that was narrower than estimates and revenue that beat expectations. The adjusted loss in the quarter was 56 cents a share on revenue of $730.9 million. Same-store sales rose 5%. The retailer said it expects second-quarter same-store sales to rise in the 2% to 4% range, which doesn't seem all that bad. But again, even the seemingly good results -- which included projections for slight annual margin increases -- failed to impress investors and a sell-off ensued. Investing is as much as the perception of a stock as it is the actual numbers for better or worse.

Alphabet (GOOGL)  is a pretty amazing company. Between data centers, search, YouTube, Waymo and a host of other businesses the tech giant has its hands in a lot, as was apparent in a recent "60 Minutes" segment. TheStreet has been picking apart the Action Alerts PLUS holding going segment-by-segment looking at the value of its Waymo unit. Assigning a valuation to Alphabet's Waymo autonomous driving unit is very much a guessing game. TheStreet's Eric Jhonsa says that given the technology lead that Waymo has built up and Google's apparent willingness to spend what it takes to maximize Waymo's possibilities, a good argument can be made that Waymo's value, like YouTube's, isn't fully priced into Alphabet's stock at current earnings multiples. Multiples, it should be noted, that are inflated some by the losses racked up by Waymo and other businesses within Alphabet's "Other Bets" segment.

Starting on Monday, Apple Inc.  (AAPL)  will begin its highly anticipated Worldwide Developers Conference (WWDC). The keynote is scheduled for 1:00 p.m. ET on Monday afternoon, but speculators haven't landed on many concrete ideas as to what Apple may release at its big event. At WWDC last year, most market watchers knew Apple would release a smart speaker and upgrade some of its computers. There are fewer specifics heading into this year's WWDC, but some ideas include incremental-type enhancements to existing technologies and cheaper iterations of some hardware. TheStreet will have boots on the ground at WWDC next week. Don't forget to follow along for all the updates, from CEO Tim Cook's presentation to brand new items hitting the market.

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Photo of the day: The next frontier for Boeing

Forget about trips to the moon, we're thinking bigger these days. The Red Planet, Mars, is the next frontier for Boeing (BA) . When asked by TheStreet (TST) about who will be first to Mars, Boeing or SpaceX, Boeing CEO Dennis Muilenburg said emphatically: Boeing. "We are working jointly with NASA and building that first rocket space launch system. It's about 38 stories tall, the first story is being built right now. It has 9.2 million pounds of thrust on that rocket, it's the biggest rocket ever. We will begin test flights starting next year." Added Muilenburg, "I firmly believe that the first person to step foot on Mars will get there on a Boeing rocket." Read More

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Editor's note: This story has been updated to correct a reference to ANF profit margins. The original story indicated margins were projected to shrink.

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