On a day when the stocks broadly rose, including most manufactured housing tracked stocks, the records set will be our featured report for this evening.
If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further below, after the newsmaker bullets and major indexes closing tickers.
The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets. Headlines – at home and abroad – often move the markets. So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©
Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.
Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.
This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.
Want to know more about the left-right media divide from third party research? ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.
Select bullets from CNN Money…
- Apple cancels plans for its highly-anticipated AirPower charging mat
- Lyft rises 8.7% on its first day of trading
- Stocks close higher, capping off a strong quarter
- Goldman Sachs made 220 million reporting errors over a decade, UK regulator says
- Corporate America loves deregulation. So why is it pushing for these rules?
- Forget everything you remember about BlackBerry
- Boeing 737 Max grounding will cost Europe’s biggest tour company $225 million
- HUD wants answers about Twitter and Google ad practices
- Wells Fargo CEO Tim Sloan steps down suddenly
- Stephen Moore wants the Fed to take a startling step: Immediately slash interest rates
- Shopping Content by CNN Underscored
- These $79 earbuds are an affordable alternative to AirPods
- What you can do right now to stop robocalls
- TIMELINE How Lyft went from fuzzy pink mustaches to global giant
- This men’s wedding wear maker is selling tuxedos for women
- Vending machine can help save the environment
- Starbucks to test recyclable, compostable cups
- Hilton is recycling used bars of hotel soap
- This hummus is providing relief to refugee children
- Rustic yet modern, these converted barns are a creative’s dream
- A modern farm house made from old barns
- Next level glamping is here
- This glass chalet is a skier’s dream
- Forget McMansions. Ritzy, remote ranches are in
Select Bullets from Fox Business…
- US-China trade optimism boosts all major averages
- S&P 500 posts best first quarter in 21 years
- Lyft shares pop after public debut
- US mortgage rates post biggest weekly drop in decade
- The Jussie Smollett effect: Illinois seeking tax penalty for actor’s future employers
- Will outgoing SBA head Linda McMahon join the private sector?
- Cities with the lowest real estate taxes
- Smoking and oversized strollers are no longer allowed at Walt Disney
- WWE’s Vince McMahon sells $272M in stock to fund XFL
- Estate and inheritance tax guide: The best and worst states to die in
- Bed, Bath & Beyond fires workers, declines to provide total layoffs
- Boeing Max jet stall-prevention system active in Ethiopian Airlines crash, report
- How Michael Avenatti spent his fortune, while allegedly dodging taxes
- Warren Buffett blasts class-action real estate suit accusing firms of ‘conspiring’ against sellers
- Low-salary jobs that pay off big in retirement
- Devin Nunes: Submitting criminal referral against FBI, DOJ over Russia probe
- Fannie, Freddie conservatorship is ridiculous: HUD Secretary Ben Carson
- Warren targets America’s family farmers with plan to bust up big agribusiness
- MLB gives ‘championship belt’ to team paying least to players in arbitration: Report
- Bristol-Myers scores critical lifeline in $74B Celgene deal
- The Trump administration wants to kill ObamaCare. What happens if it does?
- Kennedy: John Brennan was the ‘craziest bat in the barn’ during Mueller probe
- The new retirement: Watchin’ the sun bake on my front porch swing
- Green New Deal fantasy-nightmare: Dems show true colors in 0 vote
Today’s markets and stocks, at the closing bell…
Today’s Big Movers
For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.
Today’s MH Market Spotlight Report –
- political cloud lifted from the White House,
- with political headwinds now less of a risk factor for investors,
- with the most energy independence in decades of U.S. history,
- with more manufacturing jobs being created than many thought possible,
- with the Fed signaling a moderating of their rate hikes,
- with significant media bias by numbers of news outlets on full display,
the artificial fears and/or real frustrations are mitigating. The reality of a much more business friendly economic climate – which sparked the surge of stocks after the election of Donald J. Trump, plus fundamentals, are back in vogue.
Fox Business says that the S&P 500 has had its best first quarter in 21 years.
All 11 sectors that make up the S&P marked gains of at least 5 percent, led by tech, real estate and industrials. The worst performing sector – healthcare – rose 6 percent. Tom Lee, Fundstrat Global Advisors Co-Founder, told FOX Business that investors were “too bearish late last year.” He sees more gains ahead in stocks for 2019 with the S&P hitting the 3,000 level.
- The Dow Jones Industrial Average rallied 11 percent,
- the Nasdaq Composite rose 16 percent helped by chip.
There is no predicting what the next whacky claim will occur in the D.C. swamp that could drive headlines that can blow back on investors. It is clear that Democrats are not happy with the summary of Special Counsel Robert Mueller’s nearly 2 years of investigations that turned up crimes unrelated to the 2016 campaign. No evidence of Trump campaign-Russian collusion was found.
If reality and practicality could possibly take root in the public square, the old song, ‘happy days are here again,’ might once again be playing on radio stations.
Just as fraudulent claims have buffeted the White House, artificial headwinds have Buffetted – pun intended – manufactured housing. Now that the Trump Administration has cleared that hurdle, it will be interesting to see what might happen in terms of going after real issues, perhaps like antitrust, RICO, mail and wire fraud, etc.?
The truth has proven to be stranger than fiction.
The sadly dark glasses of Muellerville was no wilder than the oddities of manufactured housing struggling during an affordable housing crisis. How has that happened? Recent and prior reports lay that out.
Take heart. The truth can shine through.
NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.
NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.
NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
LCI Industries, Patrick, UFPI and LP all supply manufactured housing.
AMG, CG and TAVFX have investments in manufactured housing related businesses.
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.