Tick-tock. It’s less than 30 days to the midterms, and one of the most watched races in the nation is in a top manufactured housing producing and retailing state. That race, and what it could mean for MHVille, will be part of our featured report 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…
- These homes can withstand hurricanes, earthquakes and fires
- Google+ to shut down amid security bug
- Airbus has a new CEO. Can he take the company to new heights?
- Trade war looms over summit of global finance chiefs
- Nobel Prize in economics awarded to William Nordhaus and Paul Romer
- Best Buy is cashing in as Americans grow older
- UNITED STATES OF AMAZON Who needs brand names? Now Amazon makes the stuff it sells
- Can Amazon afford to get into the ad business?
- Staffing up for the holidays was already tough. Then came Amazon.
- The economy is doing great. But General Mills, GM and GE are getting left behind
- Former Trump aide Hope Hicks joins Fox as head of PR
- How Casper drove Mattress Firm into bankruptcy
- China is pumping more cash into its economy
Select Bullets from Fox Business…
- Ford to cut salaried workforce in restructuring plan
- Car shoppers finding fewer 0% finance deals
- Stocks reverse gains, amid volatile session
- The two reasons why oil prices will surge
- GE on track for another big week
- USPS vs. Trump: Employees protest privatization
- Former Trump aide joins ‘New Fox’
- Post-match brawl costs UFC fighter
- Google to shut down social platform after user data exposed
- Mega Millions, Powerball jackpot swells to over $700 million
- Ted Cruz says Trump economic agenda is winning
- Netflix to open New Mexico facility, pledges $1B economic boost
- 3Q earnings: What to expect
- Top concerns investors have about winning the lottery
- The critical step to saving more money and spending less
- The ‘soft skills’ that can land you a job
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 –
“Tens of millions of dollars” from the hard left “are flooding into Texas” to support Congressman Beto O’Rourke (D), said Senator Ted Cruz (TX-R).
That’s consistent with reports in many states. The reason? Democrats, contrary to the misconceptions of millions, have more of the top U.S. billionaires support than the GOP does. There are billionaires like Sheldon Adelson, who support the GOP consistently. But there are also billionaires, like George Soros, who’ve donated an estimated $32 billion to organizations that will in turn spend millions in various races supporting left-wing candidates, routinely Democrats.
So just as in 2016, Democrats outspent Republicans, that’s likely to be true when the dust settles in the 2018 midterms. Sources say this could be the most costly midterm election in history.
“If you look at the combination of the tax cut last year, the biggest tax cut in a generation, and regulatory reform, repealing the job-killing regulations of the Obama administration, that combination has been phenomenal for the state of Texas,” Cruz said during an interview with FOX Business’ Connell McShane.
“Our economy is booming,” he added, noting that the U.S. recently achieved the lowest unemployment rate since 1969. Cruz also believes that he and the GOP will feel a bump from the newsly seated Justice Brett Kavanaugh confirmation process, which he speaks about in this video.
The Labor Department said Friday the unemployment rate dropped to 3.7 percent. Average hourly wages rose 2.8 percent over the last 12 months.
In Texas, the unemployment rates was 3.9 percent in August, the most recent month of data from the Labor Department. That was down from 4 percent in July.
“Economists have partly credited the Tax Cuts and Jobs Act, signed by President Trump in December 2017, for supporting strong business investment and consumer sentiment this year. U.S. economic growth hit 4.2 percent in the second quarter, the fastest pace in nearly four years. The Federal Reserve Bank of Atlanta has forecast 4.1 percent growth in the third quarter, while White House economist Kevin Hassett recently placed “50-50” odds that GDP growth for the current period would top 4 percent,” per Fox Business.
The Importance for Businesses and Investors in Manufactured Housing for Selecting the Next Supreme Court Justice
Predictability in law is the key to a prosperous Republic. Laws must be interpreted based on the language in them first and foremost. Only, when the language is unclear, should a judge seek evidence on related legislative discourse and legislative intent at the time the law was passed to help interpret it.
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.