The stock market is approaching a ‘once-in-a-generation’ buying opportunity as profits are about to take off almost everywhere, investment firm says (businessinsider)
China’s Economy May Be Getting Back on Its Feet. Investors Are Still Cautious. (barrons)
Jury Verdict Could Reduce Real Estate Commissions, Slash Agent Head Count (barrons)
Buy Value Stocks After Rout Slashes Valuation Excess, JPMorgan’s Kelly Says (bloomberg)
Biden will meet with China’s Xi Jinping next month, White House says (cnbc)
“It is rare to see international stocks beat the S&P over a 1 year holding period,” wrote Nicholas Colas, co-founder of DataTrek, in a note emailed Tuesday. “We think lightening up on non-U.S. stocks makes sense here.” (marketwatch)
Alibaba’s cloud unit now serves 80% of Chinese tech companies (scmp)
Great 8 minute interview from the new CEO of VF Corp Bracken Darrell. His last “turnaround” was $LOGI – that he took from ~$5 to ~$130 (26 bagger). How he’s going to turn around VF Corp: (cnbc)
China’s Alibaba launches upgrade AI model to challenge Microsoft, Amazon (cnbc)
China’s Factory Activity Shrinks, Fueling Calls for More Support (bloomberg)
China Home Sales Decline Slows in October Amid Policy Support (bloomberg)
Stellantis Sees a Smaller Hit From UAW Strike Than Ford and GM (barrons)
GM, UAW Reach Labor Deal. It’s the Last of the Detroit Three. (barrons)
Here are 5 reasons why U.S. stocks will likely rally into the end of 2023, says one Wall Street veteran (marketwatch)
Manhattan’s stalled office leasing market poised for late-year boom (nypost)
Is It Time to Give Candy Corn the Respect It Deserves? (nytimes)
Xi Urges China Women’s Group to Cultivate ‘Childbirth Culture’ (bloomberg)
Ravaged Florida Town Becomes a Magnet for Risk-Taking Homebuyers (bloomberg)
How This Year’s Hottest Investment Could End Up Costing You (wsj)
Google parent Alphabet’s business growth is fastest in more than a year on advertising rebound, but cloud segment disappoints (marketwatch)
The Results of II’s 52nd All-America Research Team Are In, and There’s a New No. 1 (institutionalinvestor)
The calendar is probably also an important consideration. Mr. Fain and the union’s negotiators have to be careful about asking workers to go into the colder months and the holiday season with only the $500 a week in strike pay, Mr. Wheaton said. (nytimes)
These Gene-Editing Stocks Are Survivors. Take Another Look. (barrons)
3M Says Business Is Improving, Boosts Earnings Guidance (wsj)
3M bounces sharply off an 11-year low after big adjusted profit beat and raised outlook (marketwatch)
3M generated free cash flow of $1.9 billion in the third quarter, better than the $1 billion projected by Wall Street, helped by lower inventory levels. For the full year, 3M expects to generate about $5.2 billion in free cash flow, about $400 million higher than analysts are modeling. (barrons)
3M Raises Its Full-Year Profit Target After Deep Spending Cuts (bloomberg)
Xi Makes Unprecedented Central Bank Visit in Sign of Focus on Economy (bloomberg)
China is set to unleash fresh fiscal stimulus to shore up its economic recovery, drawing on a well-used playbook that relies heavily on debt and state spending (reuters)
Xi Steps Up Economic Support With New Debt Issuance (bloomberg)
Stellantis workers after 5 weeks on UAW strike: ‘Enough is enough. Let’s get it done.’ (dfp)
GM Caps Off Tough Quarter With Strong Earnings (barrons)
GM Post Strong Third-Quarter Profit, Scraps EV Target (wsj)
Tech Stocks Are More Appealing as Earnings Season Starts Up (barrons)
Why Coke, others, may be spared, as a $100 billion opportunity in weight loss drugs unfolds says JPMorgan (marketwatch)
