Barron\'s - 16.09.2019

September 16, 2019

©2019 Dow Jones & Company,

Inc. All Rights Reserved.

Our newspapers are 100% sourced

from sustainable certified mills.

BARRON’S (USPS 044-700) (ISSN

1077-8039) Published every

Monday. Editorial and Publication

Headquarters: 1211 Avenue of

the Americas, New York, NY.

10036. Periodicals postage paid at
       Chicopee, MA and other mailing
       offices. Postmaster: Send
       address changes to Barron’s, 200
       Burnett Rd., Chicopee, MA 01020

CONTENTS 09.16.19 VOL.XCIX NO.

Index P. 12

Review & Preview P. 14

Mailbag P. 43

Charting the Market P. M

Winners & Losers P. M

13D Filings P. M

Research Reports P. M

Market View P. M

Cover Illustration by

Maria Corte

Source: Bloomberg

• 
  

0

20

40

60

80

100

120%

Nov

2016

Mar

2017

Jul

2017

Nov

2017

Mar

2018

Jul

2018

Nov

2018

Mar

2019

Jul

2019

S&P 500 Railroads Index S&P 500

P. 22

Say Goodbye to the Gravy Train

Cover Story:Railroads have had a nice run, thanks to a smart strategy for moving goods

more efficiently. But with fewer costs left to cut, operators are left to contend with slowing

freight volumes and pressure on prices.By BILL ALPERT

P. 7

Up&DownWallStreet:

The Fed’s Next Move

As central banks test the limits of

monetary policy, fiscal decisions

could take on greater importance.

By RANDALL W. FORSYTH

P. 11

Streetwise:Momentum

Cuts Both Ways

Investors suddenly decided to

dump momentum stocks and

scoop up value names. Can it last?

By JACK HOUGH

P. 16

Picking Up Better

Signals From AT&T

The stock looks even more

attractive as activist Elliott

Management agitates for change.

By NICHOLAS JASINSKI

P. 17

Coach’s Parent Can

GetBackintheGame

Tapestry’s tattered stock could

return 25% as the company brings

the whimsy back to Kate Spade.

By AVI SALZMAN

P. 19

Bob Bakish’s Vision

for CBS and Viacom

The recombined company’s CEO

on streaming, M&A, and more.

By JACK HOUGH

P. 20

This Stock Is Ready to

Make a Move

Now is a good time to load up on

shares of U-Haul parent Amerco.

By ANDREW BARY

P. 27

An Excerpt FromNon-

Consensus Investing

Rupal J. Bhansali outlines

questions investors need to ask

before purchasing any stock.

P. 31

This Fund Makes the

Most of Its Flexibility

Profile:The managers of Nuveen

Strategic Municipal Opportunities

find value in unusual places.

By LEWIS BRAHAM

P. 34

Best Growth Stories

Around the Globe

Q&A:Jefferies strategist Sean

Darby names 11 favorite stocks.

By LESLIE P. NORTON

P. 36

A Mix of Bonds for

Meatier Returns

Best Advice:Top advisor Ira

Mark’s path to yields of up to 5%.

By STEVE GARMHAUSEN

P. 21

Economy:The Roots

of Argentina’s Mess

By MATTHEW C. KLEIN

P. 28

Tech Trader:ADim

Picture for Apple TV+

By TAE KIM

P. 30

Income Investing:

Oil-Patch Payouts Rise

By LAWRENCE C. STRAUSS

P. 32

Funds:Bitcoin ETFs

CouldBeComing

By LEWIS BRAHAM

INSIDE

Top Independent

Financial Advisors

Opportunities and challenges as

the industry consolidates—and

what it means for average investors.

Plus, three profiles.

P. 40

Factors:Value Stocks

Finally Spring to Life

By EVIE LIU

P. 42

Current Yield:The

Endgame for Bonds

By JAMES GRANT

P. M

The Trader:Highflying

Stocks Get Shot Down

By BEN LEVISOHN

P. M

Euro Trader:Fixing

L’Oréal’s Blemishes

By RUPERT STEINER

P. M

Emerging Markets:

Hunting for Bonds

off the Beaten Track

By CRAIG MELLOW

P. M

Striking Price:Betting

on Bank of America

By STEVEN M. SEARS

P. M

Commodities:Central

BanksRushIntoGold

By MYRA P. SAEFONG