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WSJ Wealth Adviser Briefing: Hotel Industry Survival, Unsold Clothes Disposal, Airline Food Demand


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WSJ Wealth Adviser Briefing: Hotel Industry Survival, Unsold Clothes Disposal, Airline Food Demand

Real estate is becoming less unloved. At least that is what the latest analysis of active managers’ holdings by Bank of America strategist Savita Subramanian shows. In a client note, Subramanian wrote that long-only managers’ holding in the sector hit a record and outpaced consumer staples for the first time since 2008. Staples sank to…

WSJ Wealth Adviser Briefing: Hotel Industry Survival, Unsold Clothes Disposal, Airline Food Demand

Real estate is becoming less unloved.

At least that is what the latest analysis of active managers’ holdings by Bank of America strategist Savita Subramanian shows. In a client note, Subramanian wrote that long-only managers’ holding in the sector hit a record and outpaced consumer staples for the first time since 2008. Staples sank to the second-most neglected sector after utilities.

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.

CORONAVIRUS OUTLOOK:

Coronavirus Projected to Sap More Oil Demand Than Expected: High coronavirus case numbers in several major economies will blunt the recovery of an oil market already beleaguered by low demand, the International Energy Agency said.

PLANNING & INVESTING

How Hotel Companies Are Surviving the Coronavirus:  Local chains are faring better than global ones, and hotel managers or franchisers better than hotel owners.

MARKET TALK


From Dow Jones Newswires

U.S. banks sharply increased their allowances in the first half of 2020, enabling them to absorb at least a meaningful portion of potential loan losses during the virus-led downturn, S&P Global Ratings says in a report. Yet banks might need to double or triple those large provisions in the event of a pandemic-driven increase in loan losses to 3%, S&P’s base-case. “In that scenario, most banks would still be profitable–if only marginally–assuming provisions were evenly paced over the next four quarters,” S&P Global Ratings’ credit analyst Brendan Browne says. Large banks appear better positioned for further stress than small and regional banks, he adds. (lorena.ruibal@wsj.com; @lorena_rbal)

Chip makers may be headed for a difficult demand period from cloud computing infrastructure providers, Cascend says in a note. July sales for dynamic random access memory chips, or Dram, suggest they were flat for Micron Technology after several months of growth, Cascend says, adding “this suggests the data center digestion is finally starting after a massive COVID-driven surge.” Cascend cuts its target price on Micron to $55 from $70 and says Intel, Nvidia and other chip makers also could feel the pinch. (robert.wall@wsj.com)

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BUSINESS & PRACTICE

Corporate America Worries WeChat Ban Could Be Bad for Business: Companies including Apple, Disney and Walmart participate in call with White House over action against China’s most important app.

IMPACT INVESTING 

Fashion’s Big Question: What to Do With All Those Unsold Clothes?: Shoppers, environmentalists and governments are forcing apparel brands to find fresh ways to move the merchandise piling up in their inventories.

TALKING POINTS

The Next Time You Fly, AI Could Help Ease the Journey: Pack a self-driving suitcase, clear security through an archway and board a pilotless plane: It’s a far-out vision of the future, but tech companies are working on making it a reality.

TRAVEL & LIFESTYLE

Stir-Crazy Travelers Are Ordering Airline Food to Relive the Flying Experience: Chicken or fish? Surplus snacks and microwavable meals can be purchased online for those who want to re-create the taste of a trip that might have been.

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