As the youngest member of the U.S. swimming team at the 1992 Olympics in Barcelona, Mr. Hudepohl earned gold and bronze medals in the 100- and 200-meter freestyle relays. Four years later, he won another gold in Atlanta.
In similar fashion, Mr. Hudepohl just captured the “silver” and “bronze” medals in the latest round of The Wall Street Journal’s quarterly Winners’ Circle ranking of top mutual-fund managers. And this is the second consecutive round in which Mr. Hudepohl finished near the top of the rankings.
Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.
PLANNING & INVESTING
Investors Rush Into Quality Stocks: Economic uncertainty has pushed investors into stocks that may be better able to withstand a downturn.
A Value Investor Defends Value Investing (Despite Its Recent Track Record): Joel Greenblatt says if you do good valuation work, the market eventually will agree.
From Dow Jones Newswires
Low prices for farm crops this year are pushing farmers to fundamentally change their point of view on doing business in order to survive in a tough agriculture economy. “Low commodity prices are causing farmers to think outside of the way that they normally think,” says Sanjeev Krishnan, chief information officer and managing director of S2G Ventures, during the WSJ Global Food Forum. Because farming is a high-volume market with low profitability, the thinking must change to view business in terms of profitability per acre instead of yield, Krishnan says. Corn gains 0.4%, soybeans fall 0.2% and wheat is down 0.1% on CBOT. (firstname.lastname@example.org; @kirkmaltais)
Options investors are loading up on stock protection, a sign that a stock rally could be ahead, according to Credit Suisse. When an options measure called skew–which gauges the cost of protection on the S&P 500 index–is as high as it has been, average S&P 500 returns over the past month are typically higher than they are otherwise, according to the firm’s analysis. The S&P 500 has jumped 1.9% over the subsequent month when skew is this high, compared to 1.1%. “Interestingly, steep skew has historically been more of a contrarian indicator for the market,” Credit Suisse says. “If we get a positive turn of events–whether it’s on trade, politics, or econ–the upside rally could catch investors off guard.” (Gunjan.Banerji@wsj.com)
BUSINESS & PRACTICE
Some Expected Larry Culp to Break Apart GE. Instead, He’s Trying to Fix It: The CEO had reassured executives of the struggling behemoth that he’ll leave intact its traditional structure. He also wants managers to be open about problems, a counter to the culture of optimism that existed under longtime CEO Immelt.
Unilever Aims to Half Use of New Plastic by 2025: Consumer goods giant Unilever said that it is aiming to cut back by half its use of new plastic packaging by 2025. The company said that it is targeting a floor of 25% recycled plastic in its packaging by the same date.
What to Know About Missing a Student-Loan Payment: Many student-loan borrowers have difficulty making repayments, but they don’t always realize the devastating, long-lasting financial consequences that can result from missed payments.
TRAVEL & LIFESTYLE
The Big Business of Saying Farewell to Fans: Elton John and many other musicians are filling venues with farewell tours. The definition of “farewell,” however, has become fluid, often considered more a marketing tool than a stone tablet.
The Wealth Adviser Briefing covers topics of interest to wealth managers, financial planners and other advisers. The content is curated by the Dow Jones Newswires team using articles from the Newswires, Barron’s, MarketWatch and The Wall Street Journal. The briefing is delivered to subscribers by email each workday morning at 6:30 a.m. ET. You can sign up here for email delivery.
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SOURCE: MoneyBeat – Read entire story here.