Morgan Stanley reportedly is developing a new digital tool to help its financial advisers quickly determine how news and other information might create risks — or opportunities — for client portfolios.
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
Now Is The Best Season to Buy Airline Stocks: The winter low season is the worst time of the year for airlines—and the best time of the year for holders of airline stocks.
From Dow Jones Newswires
US refiners have hit the brakes, with utilization rates of just 85.7% last week versus 88.8% at the same point last year, according to EIA data. But analysts at Houston-based Tudor Pickering say this isn’t necessarily a bad thing for refiners, as it can boost crack spreads, the price difference between a barrel of crude oil and the refined products made from it. “The fall turnaround [maintenance] season has been surprisingly heavy, and we expect relatively low utilization to persist until the end of October, providing support for cracks,” analysts say. What’s more, they say implied US gasoline demand growth “returned to the green(+0.5% y-y) following three weeks of declines.”
TUI may benefit from Hays Travel’s decision to take over 555 Thomas Cook shops in the U.K, says Massimo Bonisoli at Equita Sim. However to gain a portion of the market share left by the collapsed British travel agent, TUI will have to expand its offer, Bonisoli says. This means more slots at airports and increased accommodation at hotels. “This will mean more risk in FY20 in a competitive and uncertain market environment,” Bonisoli says. Equita Sim has a hold rating on the stock and a EUR11.50 price target.
BUSINESS & PRACTICE
Fidelity Is Latest to Cut Online Trading Commissions to Zero: Fidelity Investments eliminated trading commissions on its online brokerage, matching a step some of its biggest rivals unveiled last week.
Food Companies Put Supply Chains Under a Microscope: Big food companies, from Mondelez and General Mills to Unilever and Nestlé, face rising pressure to address problems across agricultural regions as shoppers pay more attention to where their food comes from and how it is produced.
Employers Try a New Perk: Matching Student Loan Payments With 401(k) Contribution: Companies seek to prevent workers from falling behind on retirement savings.
TRAVEL & LIFESTYLE
It’s Apple-Picking Season, but These Days, the Apples Are an After-Thought: Pick-’em-yourself orchards lure families with petting zoos, zip lines, go-karts and face-painting. ‘We are in the entertainment business now,’ says one farmer.
– Real Estate Family Office & Private Wealth Management Forum/ Oct. 16-17/ Miami, FL
– FPA Annual Conference/ Oct. 16-18/ Minneapolis, MN
– Private Wealth Managers, Succession Plans: Handing Off the Baton/ Oct. 17/ NYC
– Wealth Advisor Forum/ Oct. 21-22/ Scottsdale, AZ
- Private Wealth Latin America & the Caribbean Forum/ Oct. 22-23/ Miami, FL
– The MarketCounsel Summit/ Dec. 9-12/ Miami Beach, FL
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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