Early reports from the Gulf Coast to MHProNews indicate that Nate’s harm will be minimal compared to Harvey, Irma, and Maria. More on how hurricane’s are impacting business and manufactured housing, are found further below.
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:
- ESPN suspends Jemele Hill over tweets
- Late night slammed for overlooking Weinstein scandal
- Google found Russian ads from 2016 election
- Trump’s businesses losing millions in Scotland
- New No. 1: JPMorgan tops B of A for deposits
- Are prescription drugs next target for Amazon?
- Millennials aren’t opening credit cards. That’s a mistake
- Harvey Weinstein has been fired. What’s next?
- The Queen honored Weinstein. Will she take it back?
- LA Times names Forbes executive its top editor
- Walmart wants your returns to take 30 seconds
Selected headlines and bullets from Fox Business:
- Is Harvey Weinstein’s career over? Experts don’t think so
- Hollywood liberals are strangely quiet: Stuart Varney on Weinstein scandal
- Wall Street ends lower; healthcare slides
- Oil prices climb after OPEC signals possible deal extension
- Farage on Hillary Clinton attack: Her book should be renamed ‘The Great Whinge’
- Safelite AutoGlass says NBC’s SNL spoof went ‘too far’
- Hornets’ Jordan donates $7 million to build medical clinics
- White House to order health care alternatives
- ‘Batman’s’ Burt Ward: From caped to canine crusader
- NFL should let players protest without retribution, union exec says
- This is how Trump’s tax plan could affect your 401(k)
- Ivanka Trump tunes out noise, takes on tax overhaul fightarticle Ivanka Trump tunes out noise, takes on tax overhaul fight
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 2,544.73 -4.60(-0.18%)
Dow 30 22,761.07 -12.60(-0.06%)
Nasdaq 6,579.73 -10.45(-0.16%)
Crude Oil 49.53 +0.24(+0.49%)
Gold 1,286.80 +11.90(+0.93%)
Silver 16.99 +0.19(+1.16%)
EUR/USD 1.1745 +0.0019(+0.16%)
10-Yr Bond 2.36 -0.01(-0.38%)
Russell 2000 1,503.56 -6.66 (-0.44%)
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 –
Hurricane Season, JP Morgan Report Spotlights ETFs with Promise.
As regular readers know, the Daily Business News and the Masthead have been carefully tracking the reports coming from hurricane impacted areas of the U.S.
While their photo is a bit dated, Fox Business shared a snapshot of a report from J.P. Morgan on the outlook for sectors that can benefit from the tragedies of this year’s hurricane season.
“The rebuilding could help boost a number of market sectors, such as home construction, transportation and the broader materials segment. According to JP Morgan analysts, the combined costs of damages and infrastructure repair of the two hurricanes will reach a record-breaking estimated $260 billion,” said Fox Business.
“As communities begin to rebuild in the coming months, demand in the infrastructure and construction markets will see positive trends,” Fox reported. “The damages are likely to create a greater need to rebuild bridges, homes, office, roads and others, fueling demand for all types of equipment. This means growth within construction ETFs, like the SPDR S&P Homebuilders ETF (NYSEArca: XHB ) and iShares U.S. Home Construction ETF (BATS: ITB ), are to be expected. As people head to stores like Lowe’s (LOW) and Home Depot (HD), companies covered in these ETFs, the companies will likely see positive results as demand for building materials increases.”
“As communities begin to rebuild in the coming months, demand in the infrastructure and construction markets will see positive trends. The damages are likely to create a greater need to rebuild bridges, homes, office, roads and others, fueling demand for all types of equipment. This means growth within construction ETFs, like the SPDR S&P Homebuilders ETF (NYSEArca: XHB),” per Fox Business.
See Recent Exclusive 1 Year Snapshot of All Tracked Stocks
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.
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.”
“We Provide, You Decide.” © ## (News, Analysis.)
(Image credits 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.