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Barron's Weekend Roundup: Financial advisors offer insight; Alibaba fights back
In this week's cover story, Barron's asks four financial advisors for insight to retirement planning. For starters, try communicating clearly- with family and advisors. Market volatility may seem scary, but many times investors need to hold on and think long term while talking out their concerns with their advisor.
China fears have been hurting Wynn Resorts, but now the company's stock is set to more than double, argues Barron's. Gambling in Macau has been steadily declining, hurting the hotels and resorts in the area. But Wynn is still betting on Macau, opening a new property there early next year. When Macau stabilizes, Wynn is ready to take advantage.
Last week's cover story slaughtered Alibaba, predicting the stock will tank 50%. Barron's stands by its story, but this week it's printed a letter from Alibaba fighting the accusations. Jim Wilkinson, head of international corporate affair at Alibaba, writes that the Barron's story included factual inaccuracies and doesn't fully understand Alibaba's business plan.
Photo: Dan Farber