Be in the know. 20 key reads for Wednesday…

  1. Wells Fargo upgrades Boeing on positive risk/reward after underperformance (thefly)
  2. Is Japan still a value trap? (ft)
  3. Biden-Xi Talks a ‘Good Beginning’ to Avoid Clash, Kissinger Says (bloomberg)
  4. $8 Billion Takeover Offer Could Avert One of China’s Biggest Potential Corporate Failures (bloomberg)
  5. Stocks are set to rise 10% next year as corporate earnings continue to grow, Goldman Sachs says (businessinsider)
  6. UBS breaks down why beaten-down stocks will finally shine in early 2022 as high-growth names falter — but lays out why investors should make the opposite trade over the next 5 years (businessinsider)
  7. Who Will Be the Next Fed Chair? Here’s Why Brainard Is Gaining on Powell. (barrons)
  8. Baidu Posts Sharp Loss but Revenue Rises 13% on Cloud Growth (barrons)
  9. Brainard Is an Inflation Skeptic Who Sees Poverty Reduction as Key (barrons)
  10. Iran Resumes Production of Advanced Nuclear-Program Parts, Diplomats Say (wsj)
  11. GE Pounces on Surging Healthcare Demand With Spinoff (wsj)
  12. China to Ease ABS Curbs; Hui Injects Funds: Evergrande Update (bloomberg)
  13. Secretive Chinese Committee Draws Up List to Replace U.S. Tech (bloomberg)
  14. Short Sellers Giving In May Be a Bearish Signal (bloomberg)
  15. Goldman’s Solomon Says Market Greed Is Now Outpacing Fear (bloomberg)
  16. Bill Hwang Made a Huge, Secret Bank Bet Before Archegos Collapse (bloomberg)
  17. The Biden-Xi meeting left one big question unanswered, says analyst (cnbc)
  18. An investor hailed as ‘The Chinese Warren Buffett’ just revealed a $245 million stake in Berkshire Hathaway — and now counts Buffett’s company among his biggest bets (businessinsider)
  19. This Treasury dealer says the market has it entirely wrong on the Fed and interest rates. Here’s why. (marketwatch)
  20. Boeing lands 20 freighter orders, plans new conversion lines in UK, Canada (yahoo)