February’s job totals were the worst since Sept 2017. The broader markets are down for 5 straight days. Part of the buzz about the lower numbers is reaction to the anemic job report, which included a sharp drop in construction jobs. A look under the hood of the February jobs number will be our focus 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…
- America is about to surpass Saudi Arabia as the world’s leading exporter of oil
- How to read what’s really happening in a weird US jobs report
- Oil helped Norway build up a $1 trillion fund. Now it’s dumping oil stocks
- LIVE UPDATES US markets retreat (again) on gloomy data, oil plunge
- The US economy added only 20,000 jobs in February
- LaCroix maker’s CEO blames poor results on ‘injustice’
- Another congressional committee is digging into Facebook
- LIVE UPDATES The line for Jeffery Katzenberg and Meg Whitman’s SXSW talk takes up two floors
- Jamie Dimon and Mellody Hobson: Black Americans are still worse off financially. Businesses can help
- This vending machine can help save the environment — and save you money
- Should Netflix and Hulu give you emergency alerts?
- Some industries are still overwhelmingly male-dominated. Here’s how women can get in
- Shopping Content by CNN Underscored
- The Galaxy S10+ is a pragmatic, practical and nearly perfect phone
- True gender equity at work is still a distant reality
- Iconic Chrysler Building to sell at a huge loss
- ‘Captain Marvel’ is here to save the 2019 box office
- 20190109 perspectives employers for women
- 4 signs a company is a good employer for women
- Attitudes about menstruation are changing. So why are they so taboo at work?
- What images of women at work tell us about sexism
- The real barrier for future female CEOs: Access to the boss
- The secret to closing the nation’s skills gap: moms
- Facebook’s plan to put ‘privacy first’ could create new problems
- Mark Zuckerberg lays out his vision for a new Facebook
- Europe will fight Mark Zuckerberg’s plan for Facebook
- Facebook will integrate messaging platforms
- Facebook to crack down on anti-vaccine misinformation
Select Bullets from Fox Business…
- US women’s soccer team sues for equal pay, treatment
- Stocks down on weak US job creation, falling Chinese exports
- US economy adds just 20,000 jobs in February, unemployment at 3.8%
- Kudlow: US-China trade deal can be ‘historic’
- It has to be right for America
- Bull market hits 10-year mark: Will it be the last?
- Retail apocalypse: 4,810 closures in first three months of 2019
- LaCroix maker’s stock tumbles as CEO blames ‘injustice’ for poor sales
- This is how scammers are trying to steal your money
- Here’s why some Democrats want to delay tax filing deadline
- International Women’s Day 2019: How corporate America is clearing a path to the c-suite
- Farmgirl Flowers: A fierce business model for flowers
- Blue Ridge Fudge Lady: A lot of sweetness, a whole lotta gumption
- Veteran with PTSD creates jewelry to empower women
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 –
Tonight’s market report pulls from insights from CNBC, and Yahoo News, both of which are analyzing federal employment data provided by the Labor Department, and other sources as cited.
Yahoo’s analysis states that the numbers are better than what it appears at first blush, and reminds viewers that this will likely be revised over the next few weeks.
Among the silver linings are rising wages. The still above is one of the notable datapoints from the Yahoo video.
CNBC yields these nuggets and pull quotes, following the infographic.
- Professional and business services added to a hot streak of strong employment gains, but big losses in the construction industry threw cold water on the February jobs report, the worst month for job growth since September 2017.
- CNBC studied the net changes by industry for February jobs based on the data from the Labor Department included in the jobs report released Friday. The government said the U.S. economy added just 20,000 jobs last month, far short of the 180,000 increase expected by economists polled by Refinitiv.
- The construction industry posted a net loss of 31,000 jobs in February, with declines of 13,000 jobs in both civil engineering and specialty trade contractors. Building construction also posted minor losses as economists theorized that poor winter weather could have contributed to the jobs shortfall.
- “The best we can guess it probably has something to do with weather,” said Brian Turmail, a spokesman for the Associated General Contractors of America.
- “You know there was snow in Los Angeles … but [the losses] just don’t seem to sync up with what we’re seeing,” he added, citing reports of labor shortages flagged by employers.
Rephrased, as Yahoo’s report suggested, there are reasons to think that it is an anomaly, that could be revised up in the weeks 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.
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.