Perhaps it was no surprise. Perhaps it was a safe call. But our prior MHProNews reports on Legacy Housing’s Initial Public Offering (IPO) proved to be prescient. On a day when the Cavco Industries (CVCO), Skyline Champion (SKY), and even Clayton Homes parent Berkshire Hathaway (BRK) all took a slide, Legacy’s first day on the NASDAQ performed well. We’ll share an exclusive from Legacy, plus some additional information from another source as 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…
- Wall Street’s darkest quarter since 2011 just got worse
- At least 1,100 of GM’s factory workers will get new jobs
- Opening a Robinhood savings account? It may not be insured
- Facebook could face billion dollar fine for data breaches
- China is temporarily slashing tariffs on US auto imports
- Doors are slamming shut for Huawei in Europe
- A year-end checklist for your investments
- Investors are hypersensitive to politics
- How 3D printers are transforming flying
- CBS donates $20 million of Les Moonves’ severance to 18 women’s advocacy groups
- Electric cars of the future could be recharged in 15 minutes
- PERSPECTIVES Shell is tying executive pay to carbon emissions. Here’s why it could create real impact
- Johnson & Johnson just had its worst day iin 16 years
- Belmond Safaris, Eagle Island Lodge, Okavango, Botswana.
- LVMH just bought some of the world’s most luxurious hotels
- Google’s incredible growth: A timeline
- Costco is the biggest holiday winner
- Amazon could win the battle for holiday toy sales
- Watch out for these holiday shopping scams
- It’s a do-or-die Christmas for Sears and Kmart
- Target, Kohl’s and TJX are hot, but Wall Street is worried about the holidays
- Starbucks Nitro Cold Brew photographed at the Olive Way Starbucks store in Seattle. Photographed on Tuesday, May 24, 2016. (Joshua Trujillo, Starbucks)
- Starbucks is sending Nitro to all its US stores
- Chobani unveils its next big thing: Yogurt for kids
- Applebee’s is betting on stress eaters, and it’s paying off
- Chick-fil-A is trying to get into your home
- McDonald’s adds its first new breakfast sandwich in 5 years
Select Bullets from Fox Business…
- Dow tumbles nearly 500 points as global growth concerns hammer stocks
- Alan Greenspan dishes on the economy, what’s ahead in 2019
- Trump picks Mick Mulvaney as acting White House chief of staff
- Johnson & Johnson reportedly knew about asbestos in baby powder
- Betsy DeVos to cancel $150 million in student loan debt
- Job hunting? These places have the most six-figure salaries
- Booming US economy leading to ‘ghosting’ by employees
- America’s banks are slowly vanishing
- Stocks that Bank of America is betting on in 2019
- Is the worst over for GE?
- Facebook just reported another privacy breach
- Amazon, New Jersey police cracking down on holiday package thieves
- GM says it has 2,700 jobs for workers slated to be laid off
- Oprah still ‘very involved’ with Weight Watchers, despite reports
- This might be the reason you didn’t get a raise in 2018
- Buying a winter home? Here are the hottest markets
- How to lower your tax bill at the last minute
- Continue to Personal Finance
- K’s Theresa May is now a lame duck
- Amazon Prime offers early ‘Aquaman’ screenings for subscribers
- Apple vs. Amazon: A tale of new headquarters
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 –
Let’s begin with an exclusive statement to the Daily Business News on MHProNews from Neal Suit, Legacy’s General Counsel.
Legacy is very pleased that it was able to price near the top of the range, especially in these volatile market times. We think this reflects not only the high demand for the IPO, but also how strong a company Legacy is, whether that’s from a balance sheet perspective or based on the potential growth opportunities for the company.
Legacy, by having a public company platform, along with a strong management team, is positioned to make a lot of waves in the manufactured housing industry in the near future.
Legacy believes the industry is seeing just the beginning of increased demand for affordable, high-quality housing, and Legacy is going to play a key role in filling that demand.
Legacy Housing Corporation“
Our prior related report, from earlier today:
Bloomberg Closing Ticker for MHProNews…
NOTE: Bloomberg has not yet added Legacy (LEGH) to their Watchlist.
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.
Your link to 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.