HUD Secretary Ben Carson sounded of on important topics today, including Fannie Mae and Freddie Mac. On a day when manufactured home tracked stocks saw more gainers than losers, the Russell, Dow, NASDAQ, and S&P all rose, we’ll take a peek at what the good doctor had to say about the Government Sponsored Enterprises (GSEs) and related
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…
- Lyft IPO priced at $72 per share
- That makes the second biggest ride-hailing service in the US valued at around $24 billion
- A history of Lyft, from fuzzy pink mustaches to global ride share giant
- Stephen Moore wants the Fed to take a startling step: Immediately slash interest rates
- HUD wants answers about Twitter and Google ad practices
- Goldman Sachs made 220 million reporting errors over a decade, UK regulator says
- Stocks float higher as blockbuster quarter nears finale
- US charges Facebook with housing discrimination in ads
- Twitter is considering labeling Trump tweets that violate its rules
- Wow Air ceases operations, leaving passengers stranded around the world
- Investing for profit — and saving the planet
- On-demand companies rewired our lives. Now, they must survive Wall Street
- Shopping Content by CNN Underscored
- These $79 earbuds are an affordable alternative to AirPods
- Wells Fargo CEO Tim Sloan steps down suddenly
- Casper’s new strategy: Move beyond mattresses
- Business frustration with Brexit chaos boils over
- What AT&T, Comcast and Verizon are doing about robocalls
- Watch out, Alexa. Artificial voices are starting to sound just like humans
- These people do not exist. Why websites are churning out fake images of people (and cats)
- Fake video is coming. The US government is racing to fight it
- What is a deepfake, explained
- Amazon expands in Austin with 800 new tech jobs
- Volkswagen’s vast factory network will soon use Amazon’s cloud
- The secret squad of PhD economists giving Amazon an edge
- Amazon will no longer dictate how sellers price their products
- Its grocery plans go way beyond Whole Foods
Select Bullets from Fox Business…
- Wells Fargo CEO Tim Sloan to retire
- Warren Buffett blasts class-action real estate suit accusing firms of ‘conspiring’ against sellers
- Why MLB’s free agent market collapsed despite record Trout, Harper contracts
- Chicago bills Jussie Smollett $130K for hate crime investigation costs
- How Michael Avenatti spent his fortune, while allegedly dodging taxes
- Low-salary jobs that pay off big in retirement
- Estate and inheritance tax guide: The best and worst states to die in
- US mortgage rates post biggest weekly drop in decade
- Devin Nunes: Submitting criminal referral against FBI, DOJ over Russia probe
- Fannie, Freddie conservatorship is ridiculous: HUD Secretary Ben Carson
- Bed, Bath & Beyond fires workers, declines to provide total layoffs
- Wisconsin Powerball winner faces massive tax tab: A look at the actual jackpot value
- Trump administration wants to kill ObamaCare. What happens if it does?
- Lyft IPO: 5 things to know
- Warren targets America’s family farmers with plan to bust up big agribusiness
- Walgreens joins CVS in selling CBD-infused products in select stores
- One in 7 patients get surprise medical bill from in-network hospital: study
- Tommy Hilfiger joins Gap, Ralph Lauren and Lord & Taylor in closing its Fifth Ave flagship store
- Amy Klobuchar dives into 2020 policy with $1 trillion infrastructure plan
- Kennedy: John Brennan was the ‘craziest bat in the barn’ during Mueller probe
- Varney: It’s Trump’s time to counter punch the media
- Green New Deal fantasy-nightmare: Dems show true colors in 0 vote
- Not many signs of recession: Bob Doll[overlay type]
- Not many signs of recession: Bob Doll
- How technology is improving seniors’ lives
- There was a cabal at the Department of Justice: Rep. Doug Collins
- Jersey Mike’s to donate all sales to charities on ‘Day of Giving'[overlay type]
- Jersey Mike’s to donate all sales to charities on ‘Day of Giving’
- Powerball $750M lottery jackpot: Here’s the tax damage
- Oil billionaires help fund state, local governments in Oklahoma
- Why it is important to have a wil
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 –
“Freddie and Fannie have been in conservatorship for going on 12 years now – that’s ridiculous,” Housing and Urban Development (HUD) Secretary Ben Carson told Fox Business’ Maria Bartiromo. “It puts the taxpayers at additional risks.”
Following a memo by President Donald J. Trump, Carson said HUD, the White House, and Treasury Department, would work to “preserve the American dream” while protecting taxpayers.
“We need to learn from the things that have happened before,” Carson said. “We need to understand, for instance, that putting people into a house that they can’t afford is not doing them a favor; they lose the house; they lose the credit and they lose their future options. We have to find better solutions for that. And wise people learn from mistakes.”
The report notes that housing has been a weaker spot in the U.S. economy. As usual, that’s the kind of comment that perks up the eyes and ears of the Daily Business News on MHProNews. The industry is badly underperforming. A gathering of industry professionals following the Tunica Show agreed on that point, and others. More on that meeting of industry minds in the days ahead.
Bloomberg Closing Ticker for MHProNews…
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.
Your link to industry praise for our coverage, is found here.
For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”
“We Provide, You Decide.” © ## (News, analysis and commentary.)
(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)
Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.