Barron's Recap: The New Face Of Wall Street

This weekend in

online: Morgan Stanley's makeover, the top 100 women financial advisors, as well as the prospects for Danaher, Office Depot, EOG Resources and more.

"

" by Avi Salzman.

's

strategy of lower risk and less debt trading may be the new model for Wall Street, says this week's cover story in

. As one expert puts it in the article, "To invest in the other banks, you're investing because the world is getting back to normal. But for Morgan Stanley there's a transformation taking place. They're transforming themselves into a company that has more reliable cash flow and doesn't risk its balance sheet to produce it." The article includes graphs showing how Morgan Stanley has fared compared to its competition and the S&P 500, and the boom and bust cycle since 1994.

"Top 100 Women Financial Advisors" by Steve Garmhausen features Barron's 2014 ranking of the top female financial advisors in the United States. This year's roster proves that great advisors can come from just about anywhere, says the article. In Steve Garmhausen's "When Your Advisor Retires," readers are warned that most advisors have no succession plan. But being "orphaned" doesn't mean you have to lose the money your advisor made for you. See how to protect yourself and your invesetment.

Jack Hough's "Lingering Costs of War" points out that health care costs for active and retired soldiers are expected to nearly double to 15 percent of the defense budget in five years. See why that is bad news for defense stocks. "Danaher's Best Deal Could Be Its Shares" by Sandra Ward suggests that backing off purchases as valuations rise has made manufacturing giant

's

stock a deal. See why shares could rise nearly 20 percent. In "Office Depot Gets Down to Business," Jack Willoughby shows how, under new leadership, the office-supply firm

has managed to turn a profit and still apparently has cost-cutting options. See why the stock is a value play. Frank Greywitt III and Manoj Patel, managers of DWS RREEF Global Infrastructure, are profiled in Reshma Kapadia's "DWS RREEF Global Infrastructure: On the Road Again." Though the way they analyze investments may differ, this "Gilbert and Sullivan–like partnership" seems to be working. "Scouring the Globe for Bonds Worth Buying" by Reshma Kapadia offers an interview with Michael Hasenstab of Franklin Templeton. See how this portfolio manager has found value in places like Korea, Mexico, Poland and even Ukraine. In Robert Milburn's "Who Will Succeed the Vintage Vintners?" the case is made that without careful estate planning, wineries on valuable Napa land could be bankrupted by estate taxes. The original vintners who put Napa on the map back in the 1970s are all white-haired or dead, says the article. America's shale-energy revolution has produced many winners, points out "EOG Resources: A Class Act in the Oil Patch" by Christopher C. Williams. But few have outshone

. See why shares could keep climbing. "An American Pension Illusion" is an editorial commentary by Thomas G. Donlan that demonstrates how a minor accounting issue is producing misinformation and pension insecurity.

Columns in this weekend's

discuss:

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