While broader markets slid, today was a symbolic throw back on manufactured housing connected tracked stocks. Most of them rose. That’s how it should be for the affordable housing industry. But our featured report tonight is about lifelong Democrat, former Starbucks CEO Howard Schultz. He’s announced his interest in running for president as an independent in 2020. Who does that help or harm? That will be our focus for this evening’s report.
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. Tonight’s reports will include CNN, CBS and CNBC, each from the left of center per the chart, below.
Select bullets from CNN Money…
- US-Venezuela sanctions ripple across energy markets
- The move could drive up the price of crude and strain US refineries
- The economy lost $11 billion during the shutdown
- United States files criminal charges against China’s Huawei
- Dow slides as Caterpillar and Nvidia reinforce economic slowdown fears
- Caterpillar has biggest earnings miss in a decade
- Apple earnings: How low can iPhone sales go?
- Just 4% of companies boosted hiring because of tax cuts
- McDonald’s and KFC warn of shortages and price hikes if there’s no Brexit deal
- PG&E surges on report that it could avoid bankruptcy
- Nvidia warns of weakness in China. Stock plunges 16%
- US announces new sanctions against Venezuelan oil company
- Lawmakers warn of ‘deepfake’ videos ahead of 2020 election
- Alexandria Ocasio-Cortez calls Big Tech giants’ dominance ‘unsustainable’
- How to handle an after-hours work request
- The fastest way to pay off $10,000 in credit card debt
- Why does Eddie Lampert want to keep Sears alive?
- Dow falls 209 points but markets bounce off worst levels of the day
- Fake video is coming. The US government is racing to fight it
- Why Procter & Gamble wants you to return your empty shampoo bottles
- Samsung is getting rid of plastic packaging for phones and TVs
- Climate change was the talk of Davos
- Cleaning New York’s filthy harbor with one billion oysters
- America’s oil boom is terrible for the climate
- Samsung battles Chinese rivals with cheaper Galaxy smartphones
- Global smartphone sales fell for the first time ever in 2018. This year may be better
- Huawei’s plans to surpass Samsung by 2020
- Apple’s iPhone has lost its magic
- Smartphone makers can no longer count on China for growth
Select Bullets from Fox Business…
- Huawei hit with U.S. criminal charges
- China warnings from top US companies ripple through Wall Street
- Trump administration sanctions Venezuela’s state-owned oil company
- US economy grows while the rest of the world slows: Mohamed El-Erian
- This is how much the government shutdown cost
- Military to get ‘Made in America’ training sneakers
- How Elizabeth Warren’s ‘ultra-millionaire tax’ would affect the wealthy
- Tax refunds: What to know in 2019
- Capital investment, hiring plans mostly unchanged despite tax cuts: NABE survey
- Apple said it ‘supported’ 450,000 US manufacturing jobs last year
- Is charging your Tesla more expensive than putting gas in a car?
- USPS hikes ‘Forever’ stamp price by record amount
- 3 smart things to do with $1,000
- Two hacking groups blamed for $1B-plus of crypto heists: Report
- Americans in these cities having hardest time repaying student loan debt
- A look at Super Bowl legend Joe Montana’s top investments
- Super Bowl 53 could cost employers $4.4B in lost productivity, firm says
- Top 10 highest-paid players in Super Bowl 53
- Howard Schultz mulls 2020 run: A look at ex-Starbucks chief’s political views
- January tax checklist for small business
- LA’s $150 million mega mansion: 5 fancy facts
- Millennial tax returns: A profile of young filers
- Pelosi trying to hold State of the Union ‘hostage,’ Rep. Scalise says
- Trump rollbacks for fossil fuel industries carry steep cost
- The outlook for Ohio’s medical cannabis market after rocky first week of sales
- Fed officials nearing decision to increase balance sheet: Report
- China knows what’s at stake with trade war, Bain Capital co-chair says
- Nestle, PepsiCo and Unilever team up with recycling group to change its packaging
- Microsoft president on China blocking Bing: Principles matter
- Jamie Dimon: My heart is Democrat, but mind is Republican
Today’s markets and stocks, at the closing bell…
Manufactured Housing Composite Value (MHCV)
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 –
President Donald J. Trump has all but dared former Starbucks CEO and chairman Howard Schultz to run as an independent for 2020. Of course, that’s not uncommon for the president.
· Former Starbucks CEO and chairman Howard Schultz hired former Obama aide Bill Burton as a communications advisor while he mulls running for president in 2020, according to a source with direct knowledge of the matter, said CNBC.
· Schultz’s team has been speaking with potential staffers as the former Starbucks chairman debates whether to run for president as an independent, this source added.
Here’s a short video report above, and a longer one below, per CBS News.
Here’s a view from CNN, which features a Washington Democrat blasting the move, as potentially harmful to Democratic hopes.
Why does this matter to MHVille?
Clearly, whomever gets elected – or re-elected – in 2020 will impact the industry through regulatory and other mechanisms. It was a tough call tonight to spotlight Shultz, or the announcement of Senator Kamala Harris (CA-D). We went with the Shultz potential run for several reasons, including the notion that a run as an independent could indeed upend the political math for both major parties.
If Schultz runs, don’t be surprised if another independent pops up, one that is more likely to draw support away from POTUS Trump loyalists.
See related reports, below.
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).
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
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.