Axios

After being on pace to beat the overall market earlier this year, Reuters' April Joyner reports that a Reuters analysis finds "[u]nprofitable U.S. companies holding IPOs this year have had a median stock return of 0%."

Between the lines: This is likely because Beyond Meat is now profitable and its 228% stock increase this year is no longer counted among the returns of unprofitable companies.

U.S. stock market investors are showing their bullish bias this earnings season, buying big on companies that beat expectations and going easy on selling companies that miss.

What's happening: "Shares of companies that topped forecasts rose an average of 2% in the two days after reporting results, beating the five-year average of 1%, according to data compiled by FactSet. Those that fell short have averaged a 2.1% pullback, below the half-decade average of 2.6%," WSJ's Michael Wursthorn reports.

Manufacturing industries in the U.S. and China seem to be moving in opposite directions. In October, a private company survey of China's factory activity shows it expanded for a third consecutive month, while U.S. manufacturing contracted for the third month in a row.

Why it matters: October was the largest deficit the U.S. manufacturing industry has had with China in the nearly eight-year history of the Caixin survey.

All is calm on the trade war front, and investors are starting to believe that things may just get better.

What's happening: Goldman Sachs research analysts said in a note Sunday evening that they now believe "tariffs on imports from China have likely peaked" and are shifting their view, thanks to "recent developments and apparent progress in US-China negotiations."

Last week started with the Baghdadi raid and ended with the first formal vote on impeachment, with Lt. Col. Vindman's testimony in between.

• But the week's most read New York Times article was restaurant critic Pete Wells' entertaining pan of the legendary Brooklyn steakhouse, "Peter Luger Used to Sizzle. Now It Sputters."

The Republican Jewish Coalition will today launch its first attack ad of the 2020 campaign — an inflammatory spot titled "Shanda" (Yiddish for "shame").

• The ad accuses leading 2020 Democrats such as Elizabeth Warren and Bernie Sanders of being anti-Israel, citing their threats to withhold aid to Israel unless Prime Minister Benjamin Netanyahu's government changes its behavior.

If you were skeptical that President Trump would give up his lifelong habit of reading the New York Times, you were right to be.

Driving the news: Sources familiar with the president's iPhone told Axios that the president maintains a digital portal to the two newspapers he recently banished from the West Wing: the Washington Post and the New York Times.

The NY Times read all 11,390 of President Trump's White House tweets (twice), and reports these findings in a 10-page special section, with three articles online.

The big picture: "At the beginning of his presidency, Mr. Trump tweeted about nine times per day. ... In the past three months, President Trump’s tweets have spilled out at triple the rate he set in 2017."