Be in the know. 20 key reads for Tuesday…

  1. Alibaba Unveils In-House Chip to Boost Cloud Services. Amazon, Microsoft Beware. (Barron’s)
  2. Xi Dials Back China’s Economic Overhaul as Masses Feel Pain (bloomberg)
  3. Market bull Jim Paulsen downplays inflation fears, sees rising prices contributing to an economic boom (CNBC)
  4. China Weighs Coal Market Intervention to End Stunning Rally (Bloomberg)
  5. Why Dividend-Paying Aerospace and Defense Stocks Should Be Bought Now (24/7 Wall Street)
  6. Oilfield Service Providers: Halliburton Earnings In Line, But HAL Sees Long ‘Upcycle’ As Crude Prices Soar (Investor’s Business Daily)
  7. Johnson & Johnson Stock Gains as Earnings Top Estimates (Barron’s)
  8. Buy U.K. banks because interest rates are going up, says UBS (MarketWatch)
  9. Manchin Doubts Congress Will Complete Biden’s Agenda by Oct. 31 (Barron’s)
  10. Fund managers have turned negative on global growth and profits. Here’s what they’re buying. (MarketWatch)
  11. Chinese EV Maker XPeng Wants to Make Flying Cars A Reality (Barron’s)
  12. China Faces Slower Growth Path as It Pursues Longer-Term Reforms (Wall Street Journal)
  13. Procter & Gamble to raise prices on more staples (FoxBusiness)
  14. “We’ll be mass producing EVs in 2024” says Xiaomi (asiamarkets)
  15. Walmart (WMT) Added to Goldman’s Conviction Buy List, Target (TGT) Removed (streetinsider)
  16. Nuclear Fusion Edges Toward the Mainstream (New York Times)
  17. S. Housing Starts Fell Last Month, Led by Multifamily Slowdown (Bloomberg)
  18. China’s Xi Vows Tighter Oversight of Tech Firms, Digital Economy (Bloomberg)
  19. The S&P 500 just reclaimed a key technical level that paves the way for a year-end rally, Fundstrat says (businessinsider)
  20. A $14 trillion cash pile will help US stock allocations hit new highs in 2022, Goldman says (Business Insider)