Be in the know. 12 key reads for Wednesday…

  1. Here’s the Long-Awaited Data on Moderna’s Vaccine Trial. So Far, So Good. (Barron’s)
  2. Value investing has been “broke” since 2007. BofA lists 7 reasons why it may finally be poised for a comeback (Business Insider)
  3. JPMorgan’s Earnings Were Surprisingly Strong. It’s a Positive Sign for Other Banks. (Barron’s)
  4. 12 Stocks That Could Take Off—If You’re Willing to Bet Everyone Else Is Wrong (Barron’s)
  5. JPMorgan, Citigroup and Wells Fargo opted to stow away a combined $28 billion (Wall Street Journal)
  6. U.S. consumer prices climbed sharply in June (Wall Street Journal)
  7. As Europe’s Economies Reopen, Consumers Go on a Spending Spree (New York Times)
  8. Oxford Vaccine Emerges as Front-Runner (Bloomberg)
  9. Goldman Sachs sees the Chinese yuan strengthening to 6.70 against the dollar in the next 12 months (CNBC)
  10. Investing legend Bill Gross says investors should favor value over growth during the pandemic, and tipped these 4 stocks to flourish (Business Insider)
  11. “Long Tech Stocks” Is The Most Crowded Trade Ever (Zero Hedge)
  12. Banks Are Dirt Cheap: 5 Analyst Top Picks for the Rest of 2020 (24/7 Wall Street)