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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