Be in the know. 40 key reads for Thursday…

  1. Barclays Strategists Stand Out in Call for Stocks Over Bonds (bloomberg)
  2. Small-cap stocks are the theme for 2024: Thomas Hayes (foxbusiness)
  3. Buy Intel Stock Now, Analyst Says. The Company Will Be ‘Unlocking Value’ in 2024. (barrons)
  4. Alibaba Stock Plunges as Cloud Spinoff Cancelled. Blame U.S.-China Relations. (barrons)
  5. Alibaba cancels cloud unit spin-off, posts 9% revenue growth (scmp)
  6. Companies Tried to Spend Less on Cloud. Then AI Showed Up. (wsj)
  7. Alibaba backtracks on cloud spinoff plans, sending stock tumbling after earnings (marketwatch)
  8. Biden-Xi Meeting Delivers Small Wins and Promises of Better Ties (bloomberg)
  9. The Fed Has Put Our Housing Market in Jeopardy (nytimes)
  10. S. Retail Sales Fall for First Time Since March as Holiday Season Approaches (wsj)
  11. The $2 Trillion Interest Bill That’s Hitting Governments (wsj)
  12. Inflation in the US is improving, the public mood is still sour (reuters)
  13. Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul (cnbc)
  14. Goldman Sachs analyst Asad Haider wrote in a note in early October that the XBI “has largely become an inverse rates proxy.” (barrons)
  15. Xi: China Is Ready to Be a Partner and Friend of the US (bloomberg)
  16. This banking giant has been saying cash is king. Now it advises a switch to stocks. (marketwatch)
  17. Xi Says China Will Not Fight Cold or Hot War With Anyone (bloomberg)
  18. LORD OF THE DEEP (bloomberg)
  19. Emerging markets to gain from Fed easing, better growth prospects: Amundi’s Berardi (reuters)
  20. What the Biden-Xi Talks Accomplished (and Didn’t) (nytimes)
  21. NYC’s Le Bernardin nabs No. 1 spot on list of world’s best 1,000 restaurants (nypost)
  22. UBS expects bonds and stocks to rise in 2024 on U.S. soft landing (reuters)
  23. Biden is trying to bring down tensions by making Xi talks private: Fmr Commerce Sec. Gutierrez (cnbc)
  24. President Biden: Made important progress today with President Xi on number of issues (cnbc)
  25. Biden, Xi’s ‘blunt’ talks yield deals on military, fentanyl (reuters)
  26. US Continuing Jobless Claims Rise to Highest in Almost Two Years (bloomberg)
  27. Intel’s stock could be an ‘under-the-radar AI play’ — one reason this analyst says it’s now a buy (marketwatch)
  28. Ant’s profit would have grown to 9.6 billion yuan, excluding the 7 billion yuan fine in July. (bloomberg)
  29. Treasury yields fall as investors weigh interest rate outlook (cnbc)
  30. A Taylor Swift song is the best investment advice for 2024, Goldman Sachs says (businessinsider)
  31. US Retail Sales Declined As Student Debt Payments Resumed In October (zerohedge)
  32. Walmart CEO expects to see ‘period of deflation’ in the coming months (marketwatch)
  33. 5 takeaways from Biden’s long-awaited meeting with China’s Xi (marketwatch)
  34. 10 media stocks expected by Wall Street analysts to rise as much as 60% in 2024 (marketwatch)
  35. GM Union Contract Nears Ratification With Big Win at Texas Plant (bloomberg)
  36. How Amazon Is Going After Microsoft’s Cloud Computing Ambitions (bloomberg)
  37. Amazon Says Prototype Internet Satellites Are Working as Planned (bloomberg)
  38. Disney drama builds for Bob Iger as another activist investor builds large stake (nypost)
  39. 10-year Treasury yield below 4.5% as market sees zero chance of Fed hiking rates in next two meetings (marketwatch)
  40. Pharma Is Out of Favor. 5 Drug Stocks With Room to Grow. (barrons)