Be in the know. 28 key reads for Wednesday…

  1. This money manager nailed two big stock-market turning points. These are his next ‘rocket ship’ ideas. (marketwatch)
  2. Sullivan says US and China aiming to set up Biden-Xi call ‘soon’ (ft)
  3. Cooper Standard Announces Partnership and Newly Expanded Technology Licensing Agreement with NIKE, Inc. (Cooper Standard)
  4. GM’s Mary Barra said that the company expects US industrywide auto sales to climb to about 16 million vehicles. That’s up from 15.5 million vehicles in the US last year and would be the highest level since 2019. (bloomberg)
  5. Employee costs in the U.S. rise at slowest pace in 2 1/2 years. More ammo for Fed rate cut? (marketwatch)
  6. Alphabet Stock’s a ‘Bargain’ in the Magnificent Seven, Says Analyst (barrons)
  7. Peltz’s Plan to Fix Disney Includes Bundling ESPN+ With Netflix (bloomberg)
  8. PayPal to Cut Global Workforce by 9% as Part of Turnaround Plan (wsj)
  9. Eliminating jobs will allow the firm to “move with the speed needed to deliver for our customers and drive profitable growth,” Chriss said in the letter. “At the same time, we will continue to invest in areas of the business we believe will create and accelerate growth.” (bloomberg)
  10. 3M’s $6 Billion Earplug Settlement Gets Support From Claimants (wsj)
  11. US EV Sales Climbed 29% In Q4 (zerohedge)
  12. Why a $2 trillion asset manager forecasts the Magnificent 7 to underperform this year (businessinsider)
  13. Companies Brought in Robots. Now They Need Human ‘Robot Wranglers.’ (wsj)
  14. S. and China Talk Fentanyl in Latest Sign of Thawing Ties (wsj)
  15. Amazon Can’t Afford a Race to the Bottom (wsj)
  16. Boeing Faces Tricky Balance Between Safety and Financial Performance (nytimes)
  17. Paramount Stock Surges. Byron Allen Is Bidding for Media Again. (barrons)
  18. The Fed Meeting Isn’t Just About Rate Cuts. What Might Matter More. (barrons)
  19. Consumer confidence climbs to 2-year high as inflation slows and economy keeps growing (marketwatch)
  20. Boeing Stock Edges Higher on Narrower-Than-Expected Loss. Investors Need More Detail. (barrons)
  21. UPS to Cut 12,000 Jobs and Mandate Return to Offices Five Days a Week (wsj)
  22. Apple Vision Pro Review: The Best Headset Yet Is Just a Glimpse of the Future (wsj)
  23. Israel and Hamas Weigh Three-Stage Cease-Fire (wsj)
  24. Private payroll growth slowed to 107,000 in January, below expectations, ADP says (cnbc)
  25. Hong Kong’s banks post bumper 2023 profits as rates swell margins (scmp)
  26. China unveils new property support measures amid concerns about Evergrande fallout (reuters)
  27. Investors punish Microsoft, Alphabet as AI returns fall short of lofty expectations (reuters)
  28. BABA-SW (09988.HK) Ratings & TPs (Table) (aastocks)