Do it in the Right Way

Having the most advanced tools for your stock trade is not enough, the role of news cannot be understated. Moreover, having the right information means nothing if you are not able to receive it instantly. With the Proficient Trader App you have free access to the recent news and trends in global financial markets from the most reliable resources, such as Yahoo Finance, CNBC, Forbes, Business Insider, Bloomberg Markets, and the list is growing! After checking news headlines, you may be interested in, with a click of a button, you will be directed to that headline, on that specific website.

All news

Steel Stocks Are Feeling the Squeeze From China
Barrons
Steel Stocks Are Feeling the Squeeze From China

Beijing wants steel mills to help control the price of iron ore, a raw material key to making steel. Iron ore futures were down 10% on Friday....

Fri, 14 May 2021 15:21
U.S. Stocks Climb After Retail Sales Fall Short
Barrons
U.S. Stocks Climb After Retail Sales Fall Short

While U.S. stocks continued to climb Friday, they remained on track for weekly declines amid an inflation scare and mixed signals from economic data....

Fri, 14 May 2021 15:03
Otonomy's OTO-825 Gene Therapy Can Restore Meaningful Hearing Function, Animal Study Shows
Benzinga
Otonomy's OTO-825 Gene Therapy Can Restore Meaningful Hearing Function, Animal Study Shows

Otonomy Inc (NASDAQ: OTIC) may have hit a snag with the development of its lead ear disorder candidate Otividex. Still, the company is trumpeting an early win for a gene therapy designed to treat congenital hearing loss....

Fri, 14 May 2021 14:59
U.S., Mexico, Canada to hold
Reuters
U.S., Mexico, Canada to hold "robust" talks on new trade deal - statement

The United States, Mexico and Canada will next week hold their first formal talks on a new continental trade deal, with particular focus on labor and environment obligations, the U.S. government said on Friday....

Fri, 14 May 2021 14:41
The ongoing chip shortage is expected to cost the auto industry $110 billion this year, almost double analysts' estimate from January
Business Insider
The ongoing chip shortage is expected to cost the auto industry $110 billion this year, almost double analysts' estimate from January

The semiconductor chip shortage is roiling the global supply chain, but no sector is feeling it worse than the auto industry. A new estimate from the consulting firm AlixPartners puts the global industry cost of the shortage at $110 billion this year, up from an earlier estimate of $60 billion in January....

Fri, 14 May 2021 14:21
Stock Index ETFs Accelerate Gains to Close Out Volatile Week
ETF Trends
Stock Index ETFs Accelerate Gains to Close Out Volatile Week

After a rough start to the week, stocks and index ETFs continued to drive higher on Friday, building on gains in the prior session, thanks to moves in technology shares and stocks benefitting from an economic recovery. The Dow Jones Industrial Average advanced 0.77% after a rough start to the week....

Fri, 14 May 2021 13:49
Bipartisan Senate Group Said To Plan $52 Billion Bill To Address Chip Shortage
Forbes
Bipartisan Senate Group Said To Plan $52 Billion Bill To Address Chip Shortage

Some estimates say the chip shortage could last until 2023....

Fri, 14 May 2021 13:25
Be Careful What You Wish For
Seeking Alpha
Be Careful What You Wish For

When the ECB was founded, it adopted inflation targeting with the implicit assumption that the purpose of the policy was to hold down inflation. In 2020, the Fed adopted an average inflation targeting policy with the implicit assumption that it would be used to push inflation higher when at the zero bound....

Fri, 14 May 2021 12:53
Retail Sales Could Ease Inflation Fears on Wall Street
GuruFocus
Retail Sales Could Ease Inflation Fears on Wall Street

Retail sales in the U.S. lost momentum in April of 2021, according to a government report released on Friday morning. The numbers missed even the low market expectations, which had called for a 1% increase....

Fri, 14 May 2021 12:38
Some early U.S. data suggest May jobs report could echo April weakness
Reuters
Some early U.S. data suggest May jobs report could echo April weakness

Some initial U.S. jobs data for May are showing signs of weakness, raising the possibility that April's disappointing employment report was not just a one-time blip....

Fri, 14 May 2021 12:28
Wall Street higher at midday despite retail sales disappointment
Proactive Investors
Wall Street higher at midday despite retail sales disappointment

12:16pm: Big tech enjoying strong Friday The Dow was up 289 points, 0.9%, to 34,310 at midday. The Nasdaq jumped 268 points, 2.1%, to 13,392, and the S&P 500 improved 54 points, 1.3%, to 4,167....

Fri, 14 May 2021 12:18
It's Not Jimmy Carter's Inflation, but It's Still Worrisome. How to Beat It.
Barrons
It's Not Jimmy Carter's Inflation, but It's Still Worrisome. How to Beat It.

Rising prices don't necessarily presage a repeat of the 1970s. Still, it's wise to consider taking out some insurance against the possibility that they do....

Fri, 14 May 2021 12:10
Array of Economic Data Concludes the Week
Zacks Investment Research
Array of Economic Data Concludes the Week

A busy week for economic data concludes with another big set of metrics determining strength in the economy: Retail Sales, Import and Export Prices, Industrial Production and Capacity Utilization all hit the tape before the opening bell for the final trading day of the week, helping articulate where we currently stand. Or, rather, where we stood a month ago....

Fri, 14 May 2021 12:02
Investors Are Concerned about Possible Tax Increases
ETF Trends
Investors Are Concerned about Possible Tax Increases

There's no denying stocks have performed well since Election Day. In fact, the S&P 500's showing through the first 100 days of the Biden Administration is one of the best such performance in the first 100 days of any administration....

Fri, 14 May 2021 11:58
20% Inflation? It's likely, according to Wharton's Jeremy Siegel (!
Invezz
20% Inflation? It's likely, according to Wharton's Jeremy Siegel (!

Jeremy Siegel, finance professor at the University of Pennsylvania's Wharton School, has been raising concerns over the rising expectations for runaway inflation for the last one year.  “I predicted here that over the next two, three years we could easily have 20% inflation with this increase in the money supply,” he said....

Fri, 14 May 2021 11:53
Retailers set for earnings stage after inflation-sparked market turbulence
Reuters
Retailers set for earnings stage after inflation-sparked market turbulence

Earnings reports from major retailers will be in focus next week after the U.S. stock market suffered one of its biggest pullbacks in months, with investors looking for clues on the pace of inflation and consumer spending and whether companies can sustain their strong earnings momentum....

Fri, 14 May 2021 11:53
Key Words: Stock market can ‘more than compensate' even if inflation hits 20%, says Jeremy Siegel
Market Watch
Key Words: Stock market can ‘more than compensate' even if inflation hits 20%, says Jeremy Siegel

History shows “stocks more than compensate for inflation,” says Wharton finance professor Jeremy Siegel. And he expects U.S. inflation to run quite hot....

Fri, 14 May 2021 11:37
Larry Summers thought inflation could rise quickly — but not this quickly
Business Insider
Larry Summers thought inflation could rise quickly — but not this quickly

For someone who's been warning of rampant inflation for much of 2021, it would take a blowout report to rattle former Treasury Secretary Larry Summers. Data published Wednesday seems to have fit the bill....

Fri, 14 May 2021 11:30
MacroView: NFIB Data Says It's Only An Economic Recovery
Seeking Alpha
MacroView: NFIB Data Says It's Only An Economic Recovery

The recent NFIB survey suggests we are only in an economic recovery, not an expansion. Currently, many analysts expect a massive economic boom in 2021....

Fri, 14 May 2021 11:16
REIT Earnings Recap: Inflation Overshadows Strong Quarter
Seeking Alpha
REIT Earnings Recap: Inflation Overshadows Strong Quarter

Overshadowed by concerns about rising inflation, a frenzy of real estate earnings reports over the last month has provided critical information on the state of the real estate industry. Results were better than expected across most major property sectors with roughly 80% of the 170 equity REITs and 40 mortgage REITs in our coverage universe beating consensus FFO estimates....

Fri, 14 May 2021 11:00
What Will the Stock Market Do Today? 3 Big Stories to Watch.
InvestorPlace
What Will the Stock Market Do Today? 3 Big Stories to Watch.

So what will the stock market do today? All eyes are on AMC stock with hopes for a short squeeze rally swirling....

Fri, 14 May 2021 10:37
April Retail Sales Stall Without Stimulus; Deliver A Flat 0.0 Pct Reading vs March
PYMNTS
April Retail Sales Stall Without Stimulus; Deliver A Flat 0.0 Pct Reading vs March

Total retail and food sales stalled in April in the face of rising prices and the absence of $1,400 stimulus checks that fueled a record jump in March. According to the Commerce Department's latest reading on the broadest measure of the U.S. economy, sales for April were unchanged from an upwardly revised 10.7 spike in […]...

Fri, 14 May 2021 10:31
Economic Report: U.S. consumer sentiment index slumps unexpectedly in May
Market Watch
Economic Report: U.S. consumer sentiment index slumps unexpectedly in May

The University of Michigan's index of consumer sentiment fell to 82.8 in May from the April reading of 88.3. It's the lowest reading since February...

Fri, 14 May 2021 10:30
Investors Need To Soar Above Overconfidence To Fortify Wealth
See It Market
Investors Need To Soar Above Overconfidence To Fortify Wealth

“Neither Bull Nor Bear” A growing deflationary hurricane is churning off the coast. At the same time, a massive inflationary warm front is surging toward us, threatening inflation like we have not seen in forty years....

Fri, 14 May 2021 10:26
Why The CPI Inflation Number Was Not 'A Bearish Gamechanger' For Stocks
Benzinga
Why The CPI Inflation Number Was Not 'A Bearish Gamechanger' For Stocks

The SPDR S&P 500 ETF Trust (NYSE: SPY) took a big hit this week after the U.S. Labor Department reported a 4.2% rise in CPI for the month of April, the highest inflation reading since 2008. The big inflation number spooked investors who are concerned the $6 trillion in COVID-19 stimulus could trigger hyperinflation, but Sevens Report Research's Tom Essaye said Thursday the headline inflation number may not be as bad as it appears at first glance....

Fri, 14 May 2021 10:20
Municipal Bond Outlook - Hanging Tough
Seeking Alpha
Municipal Bond Outlook - Hanging Tough

With the extended May 17 U.S. tax deadline fast approaching, now is an appropriate time to take stock of how the U.S. municipal bond (muni) market has fared so far this year, and what we think could happen in the months ahead. While it may not be reasonable to expect munis to similarly outperform their taxable counterparts in the months ahead, they may still be able to resist (to a degree) further Treasury yield increases....

Fri, 14 May 2021 10:20
US Indexes Rebound for Higher Close Thursday
GuruFocus
US Indexes Rebound for Higher Close Thursday

The Dow Jones Industrial Average closed at 34,021.45 on Thursday with a gain of 433.79 points or 1.29%. The S&P 500 closed at 4,112.50 for a gain of 49.46 points or 1.22%....

Fri, 14 May 2021 10:09
Nasdaq to S&P 500 Index Ratio Undergoing Important Test!
See It Market
Nasdaq to S&P 500 Index Ratio Undergoing Important Test!

Tech stocks have been on shaking ground over the past several weeks / few months. And this shows up clearly in today's ratio chart, pitting the Nasdaq Composite versus the S&P 500 Index on a “monthly” basis....

Fri, 14 May 2021 09:59
Billionaire 'bond king' Jeffrey Gundlach blasted stimulus checks for distorting markets — and warned inflation could threaten stock prices
Business Insider
Billionaire 'bond king' Jeffrey Gundlach blasted stimulus checks for distorting markets — and warned inflation could threaten stock prices

Jeffrey Gundlach underlined the risks of excessive federal stimulus in a Yahoo Finance interview this week. He also warned sustained inflation could hammer stock prices, and suggested bitcoin's recent slump might indicate that market speculation is on the decline. The billionaire founder and CEO of DoubleLine Capital, whose nickname is the "bond king," said multiple rounds of stimulus checks have distorted several parts of the economy. They have fueled the sharp rise in US house prices over the past year, he said, and discouraged some recipients from working because they're "making more money sitting at home watching Netflix."...

Fri, 14 May 2021 09:53
Founder's Focus: History Does Rhyme
GuruFocus
Founder's Focus: History Does Rhyme

Starting this week, I will be writing a weekly column on the market. Over the years, I have put most of my effort into the technology side of GuruFocus, though I still wrote my book, "Invest Like a Guru....

Fri, 14 May 2021 09:51
US stocks rally as investors weigh stalling retail sales and inflation guidance
Business Insider
US stocks rally as investors weigh stalling retail sales and inflation guidance

US stocks rose Friday, remaining on higher ground following flat monthly retail sales as investors appeared to lock into assurances by Federal Reserve officials that they will stick with monetary policies that support economic recovery.  All three of Wall Street's benchmark indexes were on track to build on Thursday's gains that snapped a three-session losing streak. Advances for stocks Friday came even after the Commerce Department said retail sales in April were virtually unchanged from the previous month. The print missed the estimated 1% increase in sales from economists surveyed by Bloomberg....

Fri, 14 May 2021 09:47
The Fed: U.S. industrial output up 0.7% in April, despite drag from autos
Market Watch
The Fed: U.S. industrial output up 0.7% in April, despite drag from autos

U.S. manufacturing production rose 0.7% in April after advancing a revised 2.4% in the prior month, the Federal Reserve said on Friday....

Fri, 14 May 2021 09:38
Wall Street starts higher despite retail sales disappointment
Proactive Investors
Wall Street starts higher despite retail sales disappointment

The main indices on Wall Street got off to a positive start on Friday despite the latest batch of US retail sales data falling short of expectations. In the first minutes of trading, the Dow Jones Industrial Average was up 0.73% at 34,269 while the S&P 500 climbed 0.8% to 4,145 and the Nasdaq rose 1.09% to 13,268....

Fri, 14 May 2021 09:36
Thursday Bounce Extending Into Friday On Reopening Optimism, But Retail Sales Fall Short
Forbes
Thursday Bounce Extending Into Friday On Reopening Optimism, But Retail Sales Fall Short

This morning, we're seeing remarkable buoyancy in the market despite a revenue miss from Disney and retail sales that came in well short of expectations. Seems investors are determined to buy the dip....

Fri, 14 May 2021 09:33
Dow up more than 200 points as stocks open higher in bid to extend bounce
Market Watch
Dow up more than 200 points as stocks open higher in bid to extend bounce

Stocks opened higher Friday in a bid to extend the previous session's bounce at the end of a volatile week that saw inflation fears move front and center across capital markets. The Dow Jones Industrial Average was up 216 points, or 0.6%, at 34,237, while the S&P 500 rose 34 points, or 0.8%, to 4,146....

Fri, 14 May 2021 09:32
Retail spending unchanged in April even as more businesses reopened
New York Post
Retail spending unchanged in April even as more businesses reopened

Retail sales, which include purchases at stores, restaurants and online, remained flat in April compared with the prior month, according to data released by the Commerce Department....

Fri, 14 May 2021 09:25
Why You Should Buy This Dip In Stocks
Forbes
Why You Should Buy This Dip In Stocks

“The following is a list of items we buy that are going up in price –. EVERYTHING....

Fri, 14 May 2021 09:20
Retail Sales Were Flat in April. Economists Expected Growth.
Barrons
Retail Sales Were Flat in April. Economists Expected Growth.

Excluding gasoline and cars, retail sales dropped 0.8% last month. Growth in March, when a round of stimulus checks hit people's wallets, was revised higher....

Fri, 14 May 2021 09:13
Snowflake Rises, Disney Slumps as Stock Market Gains Again
Barrons
Snowflake Rises, Disney Slumps as Stock Market Gains Again

Stocks look set for a higher open Friday following weaker-than-expected retail sales....

Fri, 14 May 2021 09:08
Retail Sales Fell Flat In April After Stimulus Surge; Dow Jones Futures Rise
Investors Business Daily
Retail Sales Fell Flat In April After Stimulus Surge; Dow Jones Futures Rise

Retail sales were unchanged in April after surging the prior month thanks to stimulus checks. Dow Jones futures pointed higher, continuing Thursday's rally....

Fri, 14 May 2021 09:06
US retail sales come down from their stimulus-fueled high
CNN Business
US retail sales come down from their stimulus-fueled high

US retail sales came back down to Earth in April after stimulus checks sent Americans on a shopping spree in March....

Fri, 14 May 2021 09:05
You Are Not In Control
Seeking Alpha
You Are Not In Control

A new paradigm that has been created by the central banks, where lenders are paying many governments for the privilege of lending them money, as negative interest rates have taken hold and remain right up until this day. The Fed has not adopted the negative yield interest plan. However, they have adopted the keep rates low plan. They blame it on the Pandemic's influence on the economy....

Fri, 14 May 2021 09:05
SPX: Don't Be Suckered In By 'Low' Forward P/E Ratios
Seeking Alpha
SPX: Don't Be Suckered In By 'Low' Forward P/E Ratios

With the SPX forward P/E dropping to 22x following the most recent pullback, some investors have begun to suggest U.S. stocks are of reasonable value. In reality, this figure belies the scale of the bubble for two main reasons; excessive earnings optimism and the likelihood of profit margin mean reversion....

Fri, 14 May 2021 09:02
Economic Report: Import prices surge again in April and help fuel rising U.S. inflation
Market Watch
Economic Report: Import prices surge again in April and help fuel rising U.S. inflation

The cost of imported goods rose sharply in April and added to mounting inflation in the United States. Import prices have climbed 10.6% in the past year, the biggest advance in a decade....

Fri, 14 May 2021 08:53
U.S. import prices increase solidly in April
Reuters
U.S. import prices increase solidly in April

U.S. import prices increased solidly in April, the latest sign of inflation ramping up as the economy reopens....

Fri, 14 May 2021 08:53
Morgan Stanley cautions against Chinese ADRs as delisting looms
Reuters
Morgan Stanley cautions against Chinese ADRs as delisting looms

Morgan Stanley on Friday cautioned on Friday against exposure to U.S.-listed Chinese tech firms after the U.S. accounting watchdog moved a step closer to removing non-compliant Chinese companies from American exchanges....

Fri, 14 May 2021 08:47
Retail Sales Were Flat in April
NYTimes
Retail Sales Were Flat in April

Retail sales held steady in April after rising 10.7 percent the previous month, as Americans continued to spend government stimulus payments....

Fri, 14 May 2021 08:45
April US retail spending hits new record but lands below estimates as stimulus fades
Business Insider
April US retail spending hits new record but lands below estimates as stimulus fades

Americans' spending at retailers rose to a fresh record high last month as the stimulus bump faded and the country reopened further, although they did not rise as much as economists expected. Retail sales in the US were virtually unchanged in April, the Census Bureau announced Thursday. The median estimate from economists surveyed by Bloomberg was for a 1% gain. The reading places monthly sales at $619.9 million, a new record high just $136,000 above the one seen in March....

Fri, 14 May 2021 08:43

Zacks Investment Research

Array of Economic Data Concludes the Week
Zacks Investment Research
Array of Economic Data Concludes the Week

A busy week for economic data concludes with another big set of metrics determining strength in the economy: Retail Sales, Import and Export Prices, Industrial Production and Capacity Utilization all hit the tape before the opening bell for the final trading day of the week, helping articulate where we currently stand. Or, rather, where we stood a month ago....

Fri, 14 May 2021 12:02

Seeking Alpha

Be Careful What You Wish For
Seeking Alpha
Be Careful What You Wish For

When the ECB was founded, it adopted inflation targeting with the implicit assumption that the purpose of the policy was to hold down inflation. In 2020, the Fed adopted an average inflation targeting policy with the implicit assumption that it would be used to push inflation higher when at the zero bound....

Fri, 14 May 2021 12:53
MacroView: NFIB Data Says It's Only An Economic Recovery
Seeking Alpha
MacroView: NFIB Data Says It's Only An Economic Recovery

The recent NFIB survey suggests we are only in an economic recovery, not an expansion. Currently, many analysts expect a massive economic boom in 2021....

Fri, 14 May 2021 11:16
REIT Earnings Recap: Inflation Overshadows Strong Quarter
Seeking Alpha
REIT Earnings Recap: Inflation Overshadows Strong Quarter

Overshadowed by concerns about rising inflation, a frenzy of real estate earnings reports over the last month has provided critical information on the state of the real estate industry. Results were better than expected across most major property sectors with roughly 80% of the 170 equity REITs and 40 mortgage REITs in our coverage universe beating consensus FFO estimates....

Fri, 14 May 2021 11:00
Municipal Bond Outlook - Hanging Tough
Seeking Alpha
Municipal Bond Outlook - Hanging Tough

With the extended May 17 U.S. tax deadline fast approaching, now is an appropriate time to take stock of how the U.S. municipal bond (muni) market has fared so far this year, and what we think could happen in the months ahead. While it may not be reasonable to expect munis to similarly outperform their taxable counterparts in the months ahead, they may still be able to resist (to a degree) further Treasury yield increases....

Fri, 14 May 2021 10:20
You Are Not In Control
Seeking Alpha
You Are Not In Control

A new paradigm that has been created by the central banks, where lenders are paying many governments for the privilege of lending them money, as negative interest rates have taken hold and remain right up until this day. The Fed has not adopted the negative yield interest plan. However, they have adopted the keep rates low plan. They blame it on the Pandemic's influence on the economy....

Fri, 14 May 2021 09:05
SPX: Don't Be Suckered In By 'Low' Forward P/E Ratios
Seeking Alpha
SPX: Don't Be Suckered In By 'Low' Forward P/E Ratios

With the SPX forward P/E dropping to 22x following the most recent pullback, some investors have begun to suggest U.S. stocks are of reasonable value. In reality, this figure belies the scale of the bubble for two main reasons; excessive earnings optimism and the likelihood of profit margin mean reversion....

Fri, 14 May 2021 09:02

See It Market

Investors Need To Soar Above Overconfidence To Fortify Wealth
See It Market
Investors Need To Soar Above Overconfidence To Fortify Wealth

“Neither Bull Nor Bear” A growing deflationary hurricane is churning off the coast. At the same time, a massive inflationary warm front is surging toward us, threatening inflation like we have not seen in forty years....

Fri, 14 May 2021 10:26
Nasdaq to S&P 500 Index Ratio Undergoing Important Test!
See It Market
Nasdaq to S&P 500 Index Ratio Undergoing Important Test!

Tech stocks have been on shaking ground over the past several weeks / few months. And this shows up clearly in today's ratio chart, pitting the Nasdaq Composite versus the S&P 500 Index on a “monthly” basis....

Fri, 14 May 2021 09:59

Reuters

U.S., Mexico, Canada to hold
Reuters
U.S., Mexico, Canada to hold "robust" talks on new trade deal - statement

The United States, Mexico and Canada will next week hold their first formal talks on a new continental trade deal, with particular focus on labor and environment obligations, the U.S. government said on Friday....

Fri, 14 May 2021 14:41
Some early U.S. data suggest May jobs report could echo April weakness
Reuters
Some early U.S. data suggest May jobs report could echo April weakness

Some initial U.S. jobs data for May are showing signs of weakness, raising the possibility that April's disappointing employment report was not just a one-time blip....

Fri, 14 May 2021 12:28
Retailers set for earnings stage after inflation-sparked market turbulence
Reuters
Retailers set for earnings stage after inflation-sparked market turbulence

Earnings reports from major retailers will be in focus next week after the U.S. stock market suffered one of its biggest pullbacks in months, with investors looking for clues on the pace of inflation and consumer spending and whether companies can sustain their strong earnings momentum....

Fri, 14 May 2021 11:53
U.S. import prices increase solidly in April
Reuters
U.S. import prices increase solidly in April

U.S. import prices increased solidly in April, the latest sign of inflation ramping up as the economy reopens....

Fri, 14 May 2021 08:53
Morgan Stanley cautions against Chinese ADRs as delisting looms
Reuters
Morgan Stanley cautions against Chinese ADRs as delisting looms

Morgan Stanley on Friday cautioned on Friday against exposure to U.S.-listed Chinese tech firms after the U.S. accounting watchdog moved a step closer to removing non-compliant Chinese companies from American exchanges....

Fri, 14 May 2021 08:47

PYMNTS

April Retail Sales Stall Without Stimulus; Deliver A Flat 0.0 Pct Reading vs March
PYMNTS
April Retail Sales Stall Without Stimulus; Deliver A Flat 0.0 Pct Reading vs March

Total retail and food sales stalled in April in the face of rising prices and the absence of $1,400 stimulus checks that fueled a record jump in March. According to the Commerce Department's latest reading on the broadest measure of the U.S. economy, sales for April were unchanged from an upwardly revised 10.7 spike in […]...

Fri, 14 May 2021 10:31

Proactive Investors

Wall Street higher at midday despite retail sales disappointment
Proactive Investors
Wall Street higher at midday despite retail sales disappointment

12:16pm: Big tech enjoying strong Friday The Dow was up 289 points, 0.9%, to 34,310 at midday. The Nasdaq jumped 268 points, 2.1%, to 13,392, and the S&P 500 improved 54 points, 1.3%, to 4,167....

Fri, 14 May 2021 12:18
Wall Street starts higher despite retail sales disappointment
Proactive Investors
Wall Street starts higher despite retail sales disappointment

The main indices on Wall Street got off to a positive start on Friday despite the latest batch of US retail sales data falling short of expectations. In the first minutes of trading, the Dow Jones Industrial Average was up 0.73% at 34,269 while the S&P 500 climbed 0.8% to 4,145 and the Nasdaq rose 1.09% to 13,268....

Fri, 14 May 2021 09:36

NYTimes

Retail Sales Were Flat in April
NYTimes
Retail Sales Were Flat in April

Retail sales held steady in April after rising 10.7 percent the previous month, as Americans continued to spend government stimulus payments....

Fri, 14 May 2021 08:45

New York Post

Retail spending unchanged in April even as more businesses reopened
New York Post
Retail spending unchanged in April even as more businesses reopened

Retail sales, which include purchases at stores, restaurants and online, remained flat in April compared with the prior month, according to data released by the Commerce Department....

Fri, 14 May 2021 09:25

Market Watch

Key Words: Stock market can ‘more than compensate' even if inflation hits 20%, says Jeremy Siegel
Market Watch
Key Words: Stock market can ‘more than compensate' even if inflation hits 20%, says Jeremy Siegel

History shows “stocks more than compensate for inflation,” says Wharton finance professor Jeremy Siegel. And he expects U.S. inflation to run quite hot....

Fri, 14 May 2021 11:37
Economic Report: U.S. consumer sentiment index slumps unexpectedly in May
Market Watch
Economic Report: U.S. consumer sentiment index slumps unexpectedly in May

The University of Michigan's index of consumer sentiment fell to 82.8 in May from the April reading of 88.3. It's the lowest reading since February...

Fri, 14 May 2021 10:30
The Fed: U.S. industrial output up 0.7% in April, despite drag from autos
Market Watch
The Fed: U.S. industrial output up 0.7% in April, despite drag from autos

U.S. manufacturing production rose 0.7% in April after advancing a revised 2.4% in the prior month, the Federal Reserve said on Friday....

Fri, 14 May 2021 09:38
Dow up more than 200 points as stocks open higher in bid to extend bounce
Market Watch
Dow up more than 200 points as stocks open higher in bid to extend bounce

Stocks opened higher Friday in a bid to extend the previous session's bounce at the end of a volatile week that saw inflation fears move front and center across capital markets. The Dow Jones Industrial Average was up 216 points, or 0.6%, at 34,237, while the S&P 500 rose 34 points, or 0.8%, to 4,146....

Fri, 14 May 2021 09:32
Economic Report: Import prices surge again in April and help fuel rising U.S. inflation
Market Watch
Economic Report: Import prices surge again in April and help fuel rising U.S. inflation

The cost of imported goods rose sharply in April and added to mounting inflation in the United States. Import prices have climbed 10.6% in the past year, the biggest advance in a decade....

Fri, 14 May 2021 08:53
Economic Report: Sales at U.S. retailers come to a halt in April as stimulus boosts fades
Market Watch
Economic Report: Sales at U.S. retailers come to a halt in April as stimulus boosts fades

Sales at U.S. retailers fell flat in April after a blockbuster gain in the prior month when the government sent out $1,400 stimulus checks to most Americans --- the third report in the past week that suggests the economy is hitting fresh headwinds....

Fri, 14 May 2021 08:42

Invezz

20% Inflation? It's likely, according to Wharton's Jeremy Siegel (!
Invezz
20% Inflation? It's likely, according to Wharton's Jeremy Siegel (!

Jeremy Siegel, finance professor at the University of Pennsylvania's Wharton School, has been raising concerns over the rising expectations for runaway inflation for the last one year.  “I predicted here that over the next two, three years we could easily have 20% inflation with this increase in the money supply,” he said....

Fri, 14 May 2021 11:53

Investors Business Daily

Retail Sales Fell Flat In April After Stimulus Surge; Dow Jones Futures Rise
Investors Business Daily
Retail Sales Fell Flat In April After Stimulus Surge; Dow Jones Futures Rise

Retail sales were unchanged in April after surging the prior month thanks to stimulus checks. Dow Jones futures pointed higher, continuing Thursday's rally....

Fri, 14 May 2021 09:06
IPO Stock News And Analysis: Find Today's Top New Issues
Investors Business Daily
IPO Stock News And Analysis: Find Today's Top New Issues

Get the latest news on recent and upcoming IPOs, filings for new issues, and today's top-performing IPO stocks. The post IPO Stock News And Analysis: Find Today's Top New Issues appeared first on Investor's Business Daily....

Fri, 14 May 2021 08:42

InvestorPlace

What Will the Stock Market Do Today? 3 Big Stories to Watch.
InvestorPlace
What Will the Stock Market Do Today? 3 Big Stories to Watch.

So what will the stock market do today? All eyes are on AMC stock with hopes for a short squeeze rally swirling....

Fri, 14 May 2021 10:37

GuruFocus

Retail Sales Could Ease Inflation Fears on Wall Street
GuruFocus
Retail Sales Could Ease Inflation Fears on Wall Street

Retail sales in the U.S. lost momentum in April of 2021, according to a government report released on Friday morning. The numbers missed even the low market expectations, which had called for a 1% increase....

Fri, 14 May 2021 12:38
US Indexes Rebound for Higher Close Thursday
GuruFocus
US Indexes Rebound for Higher Close Thursday

The Dow Jones Industrial Average closed at 34,021.45 on Thursday with a gain of 433.79 points or 1.29%. The S&P 500 closed at 4,112.50 for a gain of 49.46 points or 1.22%....

Fri, 14 May 2021 10:09
Founder's Focus: History Does Rhyme
GuruFocus
Founder's Focus: History Does Rhyme

Starting this week, I will be writing a weekly column on the market. Over the years, I have put most of my effort into the technology side of GuruFocus, though I still wrote my book, "Invest Like a Guru....

Fri, 14 May 2021 09:51

Forbes

Bipartisan Senate Group Said To Plan $52 Billion Bill To Address Chip Shortage
Forbes
Bipartisan Senate Group Said To Plan $52 Billion Bill To Address Chip Shortage

Some estimates say the chip shortage could last until 2023....

Fri, 14 May 2021 13:25
Thursday Bounce Extending Into Friday On Reopening Optimism, But Retail Sales Fall Short
Forbes
Thursday Bounce Extending Into Friday On Reopening Optimism, But Retail Sales Fall Short

This morning, we're seeing remarkable buoyancy in the market despite a revenue miss from Disney and retail sales that came in well short of expectations. Seems investors are determined to buy the dip....

Fri, 14 May 2021 09:33
Why You Should Buy This Dip In Stocks
Forbes
Why You Should Buy This Dip In Stocks

“The following is a list of items we buy that are going up in price –. EVERYTHING....

Fri, 14 May 2021 09:20

CNN Business

US retail sales come down from their stimulus-fueled high
CNN Business
US retail sales come down from their stimulus-fueled high

US retail sales came back down to Earth in April after stimulus checks sent Americans on a shopping spree in March....

Fri, 14 May 2021 09:05

Business Insider

The ongoing chip shortage is expected to cost the auto industry $110 billion this year, almost double analysts' estimate from January
Business Insider
The ongoing chip shortage is expected to cost the auto industry $110 billion this year, almost double analysts' estimate from January

The semiconductor chip shortage is roiling the global supply chain, but no sector is feeling it worse than the auto industry. A new estimate from the consulting firm AlixPartners puts the global industry cost of the shortage at $110 billion this year, up from an earlier estimate of $60 billion in January....

Fri, 14 May 2021 14:21
Larry Summers thought inflation could rise quickly — but not this quickly
Business Insider
Larry Summers thought inflation could rise quickly — but not this quickly

For someone who's been warning of rampant inflation for much of 2021, it would take a blowout report to rattle former Treasury Secretary Larry Summers. Data published Wednesday seems to have fit the bill....

Fri, 14 May 2021 11:30
Billionaire 'bond king' Jeffrey Gundlach blasted stimulus checks for distorting markets — and warned inflation could threaten stock prices
Business Insider
Billionaire 'bond king' Jeffrey Gundlach blasted stimulus checks for distorting markets — and warned inflation could threaten stock prices

Jeffrey Gundlach underlined the risks of excessive federal stimulus in a Yahoo Finance interview this week. He also warned sustained inflation could hammer stock prices, and suggested bitcoin's recent slump might indicate that market speculation is on the decline. The billionaire founder and CEO of DoubleLine Capital, whose nickname is the "bond king," said multiple rounds of stimulus checks have distorted several parts of the economy. They have fueled the sharp rise in US house prices over the past year, he said, and discouraged some recipients from working because they're "making more money sitting at home watching Netflix."...

Fri, 14 May 2021 09:53
US stocks rally as investors weigh stalling retail sales and inflation guidance
Business Insider
US stocks rally as investors weigh stalling retail sales and inflation guidance

US stocks rose Friday, remaining on higher ground following flat monthly retail sales as investors appeared to lock into assurances by Federal Reserve officials that they will stick with monetary policies that support economic recovery.  All three of Wall Street's benchmark indexes were on track to build on Thursday's gains that snapped a three-session losing streak. Advances for stocks Friday came even after the Commerce Department said retail sales in April were virtually unchanged from the previous month. The print missed the estimated 1% increase in sales from economists surveyed by Bloomberg....

Fri, 14 May 2021 09:47
April US retail spending hits new record but lands below estimates as stimulus fades
Business Insider
April US retail spending hits new record but lands below estimates as stimulus fades

Americans' spending at retailers rose to a fresh record high last month as the stimulus bump faded and the country reopened further, although they did not rise as much as economists expected. Retail sales in the US were virtually unchanged in April, the Census Bureau announced Thursday. The median estimate from economists surveyed by Bloomberg was for a 1% gain. The reading places monthly sales at $619.9 million, a new record high just $136,000 above the one seen in March....

Fri, 14 May 2021 08:43

Benzinga

Otonomy's OTO-825 Gene Therapy Can Restore Meaningful Hearing Function, Animal Study Shows
Benzinga
Otonomy's OTO-825 Gene Therapy Can Restore Meaningful Hearing Function, Animal Study Shows

Otonomy Inc (NASDAQ: OTIC) may have hit a snag with the development of its lead ear disorder candidate Otividex. Still, the company is trumpeting an early win for a gene therapy designed to treat congenital hearing loss....

Fri, 14 May 2021 14:59
Why The CPI Inflation Number Was Not 'A Bearish Gamechanger' For Stocks
Benzinga
Why The CPI Inflation Number Was Not 'A Bearish Gamechanger' For Stocks

The SPDR S&P 500 ETF Trust (NYSE: SPY) took a big hit this week after the U.S. Labor Department reported a 4.2% rise in CPI for the month of April, the highest inflation reading since 2008. The big inflation number spooked investors who are concerned the $6 trillion in COVID-19 stimulus could trigger hyperinflation, but Sevens Report Research's Tom Essaye said Thursday the headline inflation number may not be as bad as it appears at first glance....

Fri, 14 May 2021 10:20

Barrons

Steel Stocks Are Feeling the Squeeze From China
Barrons
Steel Stocks Are Feeling the Squeeze From China

Beijing wants steel mills to help control the price of iron ore, a raw material key to making steel. Iron ore futures were down 10% on Friday....

Fri, 14 May 2021 15:21
U.S. Stocks Climb After Retail Sales Fall Short
Barrons
U.S. Stocks Climb After Retail Sales Fall Short

While U.S. stocks continued to climb Friday, they remained on track for weekly declines amid an inflation scare and mixed signals from economic data....

Fri, 14 May 2021 15:03
It's Not Jimmy Carter's Inflation, but It's Still Worrisome. How to Beat It.
Barrons
It's Not Jimmy Carter's Inflation, but It's Still Worrisome. How to Beat It.

Rising prices don't necessarily presage a repeat of the 1970s. Still, it's wise to consider taking out some insurance against the possibility that they do....

Fri, 14 May 2021 12:10
Retail Sales Were Flat in April. Economists Expected Growth.
Barrons
Retail Sales Were Flat in April. Economists Expected Growth.

Excluding gasoline and cars, retail sales dropped 0.8% last month. Growth in March, when a round of stimulus checks hit people's wallets, was revised higher....

Fri, 14 May 2021 09:13
Snowflake Rises, Disney Slumps as Stock Market Gains Again
Barrons
Snowflake Rises, Disney Slumps as Stock Market Gains Again

Stocks look set for a higher open Friday following weaker-than-expected retail sales....

Fri, 14 May 2021 09:08