Japan’s FTC raided Amazon offices their over antitrust issues. That’s not to be taken lightly in the U.S., because President Trump and politicos and economists across the left-right media divide have been increasing their concerns. This report follows on the heels of a string of legal, class action, and antitrust news – including concerns over Berkshire Hathaway and Clayton Homes, et al.
Third party views of the growing antitrust topic will be our spotlight tonight.
If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.
The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.
Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves 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.
MH “Industry News, Tips and Views, Pros Can Use.” ©
Selected headlines and bullets from CNN Money:
- What Toys ‘R’ Us closing means for shoppers
- Interest payments on US debt could top $1 trillion
- Wells Fargo’s CEO is getting a 36% raise
- Bill Gates to meet with Trump at the White House
- Amazon didn’t kill Toys ‘R’ Us. This did
- Harper Lee’s estate sues over Aaron Sorkin’s ‘To Kill A Mockingbird’
- Seth Rich’s family on Fox News lawsuit: ‘They took more from us with the lies’
- The right way to fire an employee
- Against all odds: Sears posts a small profit
- Trade war would wipe out gains from tax cuts, analysis says
- ESPN’s John Skipper says he resigned over cocaine extortion plot
- The death of the big toy store
- Americans spend more on health care, but have shorter life spans
- Toys ‘R’ Us will close or sell all US stores
- How to retire by 40: 3 proven tips
- Smart money moves to make in your 20s, 30s and 40s
- What’s the penalty for filing taxes late?
- What’s the best place for your money in the next five years?
- iHeartRadio owner files for bankruptcy
- Boeing would be on the front lines of a trade war with China
- Senate votes to roll back parts of Dodd-Frank banking law
- Cisco is the market’s comeback kid
Selected headlines and bullets from Fox Business:
- Wells Fargo may have auto loan problem as CEO rakes in $17M
- Dow gains 116 points; S&P falls in choppy session
- Toys ‘R’ Us investors in talks to salvage some US stores: report
- US hits Russians with sanctions for election meddling, cyber attacks
- Amazon most ‘ferocious’ company in US: Peter Thiel
- Theranos’ chaotic descent, as told by employees
- Ford teases new off-road SUV as product plans revealed
- Snuggie buyers take comfort: FTC mailing out $7.2M in ad scam refunds
- Walmart sued by former exec alleging cheating to compete with rival Amazon
- Dollar General bucks trend, to open 900 new stores
- Theranos founder Elizabeth Holmes settles with SEC: anatomy of a fraud
- NATO deadbeats: US still carries financial load
- Taco Bell to offer more education benefits to employees
- Bitcoin, other cryptocurrencies regroup after $60B collapse
- As Toys ‘R’ Us shutters its stores, these outlets look to move in
ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here.
Today’s markets and stocks, at the closing bell…
S&P 500 2,747.33 -2.15(-0.08%)
Dow 30 24,873.66 +115.54(+0.47%)
Nasdaq 7,481.74 -15.07(-0.20%)
Russell 2000 1,576.62 -7.69(-0.49%)
Crude Oil 61.19 +0.23(+0.38%)
Gold 1,316.20 -9.40(-0.71%)
Silver 16.40 -0.14(-0.86%)
EUR/USD 1.2304 -0.0062(-0.50%)
10-Yr Bond 2.83 +0.009(+0.32%)
Manufactured Housing Composite Value
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 –
Bloomberg reported that one of Warren Buffett’s biggest concerns is a breakup. Read that as, ‘antitrust,’ or civil and or federal legal action based upon various kinds of monopolistic practice concerns. Given the latest reports today, Buffett’s concern could have good reasons. Because the U.S. isn’t the only place that anti-trust laws exist, and actions in the EU, the state of Missouri and elsewhere are part of a rising tide of legal interest/action in what historically used to be called “trusting-busting.”
For a year (+/-), the Daily Business News has been spotlighting the growing concerns about monopolies and regulating and/or breaking up big business.
While big tech tends to get the focus from mainstream media, the Nation is the most recent to address the issue of monopolistic practices by Berkshire Hathaway, which specifically including Clayton Homes in manufactured housing (MH). So it isn’t just MHProNews or MHARR, there are a range of voices inside and outside of MH that are raising these issues.
They’re not alone, as voices across the left-right media and political divides have been raising the warning flags about Clayton and monopoly for the last few years.
Through that lens is tonight’s spotlight, which specifically focuses on the raids in Japan of Amazon’s offices there, by their version of the FTC. Keep in mind, that President Trump has discussed Amazon as a monopoly in a number of occasions, per media sources.
While antitrust is no slam dunk, especially with giant companies, there are numerous voices raising the alarm.
Peter Thiel, Mornings w/Maria
MH Professionals need to be aware of these issues, as possibly looming and disruptive forces, as well as from the vantage point of concerns about how the Manufactured Housing Institute (MHI) may be sucked into discussion of being part of a monopolistic scheme. While Amazon, Facebook, Alphabet (Google) and Apple all touch most of our lives daily, this issue could hit home in manufactured housing in the coming months.
Related links are below. “We Provide, You Decide.” ©
Buffett’s concerns over breakup…
Hindsight is twenty-twenty. Warren Buffett doesn’t need to convince me or gain my agreement with him on that point. On that and the value of history, Mr. Buffett and this Masthead writer would agree. Buffett and we agree too on the value of research, reading, asking, listening, probing, and understanding.
See Recent Exclusive 1 Year Snapshot of All Tracked Stocks
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 a recent round of 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.”
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
Soheyla is the co-founder and a managing member of LifesStyle Factory Homes, LLC, parent to MHLivingNews.com, MHProNews.com, and the sister operations of business development and consulting/professional services. For a third party media report about this operation, click here.