Barron's - USA (2021-02-22)

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CONTENTS 02.22.21 VOL.CI NO.

Index P. 4

Review & Preview P. 10

Mailbag P. 39

13D Filings P. M

Charting the Market P. M

Winners & Losers P. M

Research Reports P. M

Market View P. M

Cover Illustration

by Ryan Melgar

Manning&NapierAdvisors

Guggenheim Investments

Vanguard Group

Fidelity Management & Research

Morgan Stanley Investment

Source: Refinitiv Lipper

254

3 10

49

547

1

2020

RANK

FUND FAMILY

2019

RANK

44

P. 26

Best Fund Families of 2020

In a year marked by the worst market selloff in history and one of the fastest recoveries,

our top-ranked fund families delivered record-setting returns—thanks in large part to

their ability to take advantage of market disruptions.By SARAH MAX

P. 12

How the Texas Crisis

Could Reshape Policy

The government response to last

week’s winter storms is likely to

boost the fortunes of companies

such as Eaton, Generac, and Hess.

By AVI SALZMAN

P. 13

The Next Chapter for

Berkshire Hathaway

Warren Buffett’s coming letter to

shareholders offers an opportunity

to explain how the conglomerate

can adapt to new realities.

By ANDREW BARY

P. 14

A Fixed-Up Fluor

CouldSoar80%

The engineering and construction

company’s restructuring under a

new CEO will help it cash in on

rising infrastructure spending.

By DAREN FONDA

P. 16

Blackstone Bets Big

on Life Sciences

The private-equity giant is

throwing its weight behind life-

sciences companies. Success could

prompt others to follow suit.

By LIZ MOYER

P. 17

A Tourist Mecca’s

Balancing Act

The decline in visits to the top

of the Empire State Building

is emblematic of New York’s

struggles during the pandemic.

By ANDREW BARY

P. 19

TheLongReachof

Big Government

Barron’sCentennial:Joe Biden

is hardly the first American

president with lofty—and costly—

infrastructure ambitions.

By KENNETH G. PRINGLE

P. 21

Oracle’s New Vision

for the Future

Cover Story:Oracle’s shift to

cloud computing hasn’t yet hit

Wall Street’s radar. That spells

opportunity for savvy investors.

By ERIC J. SAVITZ

P. 31

Staying a Step Ahead

of Wall Street Analysts

The Hartford Schroders

International Stock fund looks for

companies whose growth will

catch the market by surprise.

By LEWIS BRAHAM

P. 6

Up&DownWall

Street:Easy Money

By RANDALL W. FORSYTH

P. 9

Streetwise:Stocks Are

Still the Place to Be

By JACK HOUGH

P. 34

Felix Zulauf ’s Guide to

Investment Bargains

Q&A:Making the case for gold,

commodities, and growth stocks.

By LAUREN R. RUBLIN

P. 33

Tech Trader:Signs of

Irrational Exuberance

By ERIC J. SAVITZ

P. 37

Income:The Smart

WaytoInvestinBDCs

By ALEXANDRA SCAGGS

P. 38

Other Voices:Bitcoin

Is an Ethical Minefield

By ISAAC STONE FISH

P. M

Trader:Higher Rates?

Stocks Can Take It.

By NICHOLAS JASINSKI

P. M

Euro Trader:Risks in

IG’s Tastytrade Deal

By LINA SAIGOL

P. M

Emerging Markets:

TheNextTechStars

By CRAIG MELLOW

P. M

Striking Price:How to

Trade Rising Inflation

By STEVEN M. SEARS

P. M

Commodities:Paying

More for Groceries

By MYRA P. SAEFONG

Barron’s Roundtableon

Fox B u s i n e s s

Watch our weekly TV show

Saturdays at 10 a.m. or 11:30 a.m.

ET; or Sundays at 7 a.m., 10 a.m., or

11:30 a.m. This week, what to watch

for in Warren Buffett’s annual

letter. Plus, insights on investing

in space and on the surprising

strength of corporate profits.