Barron's - USA (2020-08-03)

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CONTENTS 08.03.20 VOL.C NO.

Index P. 4

Review & Preview P. 10

Mailbag P. 35

Inside Scoop P. M

Charting the Market P. M

Winners & Losers P. M

Research Reports P. M

Market View P. M

Cover Photograph by

Benedict Evans

Here’s how accounts modeled on a 60/40 stock-bond split performed over

the past year at 10 top-ranked robos.

Source: Backend Benchmarking

0% 1234756

SigFig

SoFi

Wealthsimple

TD Ameritrade

E*Trade

Wells Fargo

Vanguard

Fidelity Go

Ellevest

Betterment

P. 18

Revenge of the Robo-Advisors

Automated investing tools have proved their mettle during this year’s big market swings,

keeping investors on course and limiting losses. Our fourth annual robo-advisor ranking

finds an industry extending its reach to a broader clientele.By SARAH MAX

P. 7

Up&DownWallStreet:

Flush Times for Some

Leave it to the stock market to

provide a distraction from the

ongoing pandemic, social unrest,

and steep unemployment.

By RANDALL W. FORSYTH

P. 12

Tech Titans Keep

Cool Under Pressure

As long as Alphabet, Amazon,

Apple, and Facebook are showing

strong growth, investors are willing

to disregard regulatory scrutiny.

By MAX CHERNEY

P. 13

HowtoRunWith

theSPACPack

Cover Story:Special purpose

acquisition companies offer a

chance to buy hot stocks alongside

deal makers like Bill Ackman.

By NICHOLAS JASINSKI

P. 16

New Buying Habits

in Post-Covid China

Alibaba, Nike, Estée Lauder, and

Yum China are among the winners

as Chinese consumers reshuffle

their priorities.

By RESHMA KAPADIA

P. 23

Three Car Stocks to

Park in Your Portfolio

Despite a bumpy road, traditional

dealerships AutoNation, Group 1,

and CarMax look like compelling

plays on an economic recovery.

By DAREN FONDA

P. 25

It Isn’t Too Late to

LatchOntoGold

The yellow metal is up nearly

30% this year—and more gains

are likely, given ultralow rates, a

weak dollar, and investor anxiety.

By ANDREW BARY

P. 26

This Fund Is Up More

Than 40% This Year

Profile:Baron Global Advantage

fund manager Alex Umansky

looks for digital disruptors with

plenty of runway for growth.

By SARAH MAX

P. 32

Bullish on Overstock,

BearishonTrupanion

Q&A:Stocks recommended by

PAA Research’s Brad Safalow have

outperformed the market by 50%

since 2010. His picks and pans.

By BILL ALPERT

P. 9

Streetwise:Our Latest

Bitcoin Predictions

By JACK HOUGH

P. 28

Funds:Best Ways to

Use Thematic ETFs

By EVIE LIU

P. 29

Tech Trader:What

We Learned From

Big Tech’s Earnings

By ERIC J. SAVITZ

P. 30

Income:Use Caution

on Office REITs

By LAWRENCE C. STRAUSS

P. 31

Economy:GDP Tells

Us Only So Much

By LISA BEILFUSS

P. 34

Other Voices:A Blow

to Investor Dissent

By LORRAINE KELLY

P. M

Trader:Anxiety Is

Good for Stocks

By AL ROOT

P. M

Euro Trader:Tailwinds

forBikeSellerHalfords

By RUPERT STEINER

P. M

Emerging Markets:No

Easy Fix for Brazil

By CRAIG MELLOW

P. M

Striking Price:Instead

of Hedging, Buy BofA

By STEVEN M. SEARS

P. M

Commodities:Taking

a Shine to Silver

By MYRA P. SAEFONG

Barron’s Roundtable

on Fox Business

Watch our TV show Friday at 10

p.m. or 11:30 p.m. ET; Saturday at

10 a.m. or 11:30 a.m.; or Sunday at

7 a.m., 10 a.m., or 11:30 a.m. This

week, an interview with Nikola

founder Trevor Milton about the

future of electric trucks.