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.