Barron's - USA (2020-10-12)

(Antfer) #1

CONTENTS 10.12.20 VOL.C NO.


Index P. 10

Review & Preview P. 12

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
Lyndon French

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Movie-theaterstockshavebeenplungingthisyear.


Horror Show


Source: FactSet

Jan. 2020 June October










25%


0






AMC Entertainment Holdings Cinemark Holdings Cineworld Group IMAX Marcus


P. 14


Movie Theaters Are Reeling


Cinema operators are suffering from the aftereffects of coronavirus shutdowns,


prompting wariness among theatergoers and investors alike. A better bet: the stocks of


streaming services such as Neflix and Disney.By LIZ MOYER


P. 7


Up&DownWallStreet:


Dialing Back the Angst


Fewer worries about a contested


election and expectations for more


fiscal largess from Washington


helped soothe investors’ nerves.


By RANDALL W. FORSYTH


P. 11


Asset Managers Adapt


to Investor Pressure


Morgan Stanley’s bid for Eaton


Vance looks like a smart move as


a wave of consolidation reshapes


the money-management industry.


By LESLIE P. NORTON


P. 16


Taxpayers Could Lose


If Pfizer Wins Its Case


A ruling in favor of prescription-


subsidy programs could usher in


sharply higher drug prices, with


taxpayers footing the bill.


By ELEANOR LAISE


P. 20


Five Industrial Stocks


ReadytoShine


Cover Story: Companies such as


Caterpillar, Rockwell, and Eaton


are tapping the power of technology


to meet modern-day demands.


By AL ROOT


P. 25


ThePushtoReshore


U.S. Manufacturing


Shifting production back to the


U.S. has broad support as a way


to rebuild resiliency. It won’t be


simple—but it doesn’t have to hurt.


By MATTHEW C. KLEIN


P. 27


A Standout Among


Asset Managers


AllianceBernstein’s growth makes


it a rarity among active managers.


A generous 8.9% yield adds to its


appeal as a Barron’s stock pick.


By ANDREW BARY


P. 29


ESGasaFocusMakes


for a Winning Strategy


Profile: The Pioneer Fund’s


mandate helps it identify high-


quality companies that tend to hold


up well in market downdrafts.


By SARAH MAX


P. 32


Growing Businesses,


Hefty Returns


Q&A: JW Asset Management


founder Jason Wild is skilled at


spotting opportunity in cannabis


and health-care companies.


By BILL ALPERT


P. 9


Streetwise:LabCorp


Stock Is Worth a Shot


By JACK HOUGH


P. 28


Tech Trader:Uber and


Lyft Face a Showdown


on Ride-Sharing


By ERIC J. SAVITZ


P. 30


Funds:HowtoPlaya


Post-Covid Reopening


By DAREN FONDA


P. 31


Income:Turning to


Tech for Dividends


By LAWRENCE C. STRAUSS


P. 34


Other Voices:Let’s


Undo “More Is Better”


By ROGER L. MARTIN


P. M


Trader:Why the Dow


Had a Great Week


By BEN LEVISOHN


P. M


Euro Trader:A Reboot


for ThyssenKrupp


By RUPERT STEINER


P. M


Emerging Markets:


Brazil’s IPO Boom


By CRAIG MELLOW


P. M


Commodities:Gold’s


Glory Days Will Wait


By MYRA P. SAEFONG


P. M


Striking Price:Alibaba


as a Bond Alternative


By STEVEN M. SEARS


Barron’s Roundtable


on Fox Business


Watch our weekly TV show Friday


at 10:30 p.m. ET; Saturday at 1:


a.m., 9:30 a.m., or 11:30 a.m.; or


Sunday at 9:30 a.m. or 11:30 a.m.


VOL. CNO. 41 OCTOBER 12, 2020 $5.

STOCKSREGAINFOOTINGASEARNINGSSEASONSTARTS•PAGE M

63142 >

for years, shares of manufacturersAfter lagging behind tech stocks
automation boost the bottom line.are poised to rally as data and
Five picks for the comeback.PAGE 20

INDUSTRIAL


EVOLUTION


Rockwell Automa-


tion and its U.S.


industrial peers are


harnessing the


power of data and


automation to help


boost sales and


profits. On our


cover, a robot on a


Rockwell assembly


line in Milwaukee.

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