The USDA reports that the number of people on food stamps, more properly known as SNAP benefits, has been declining by millions since February of 2017. More jobs, higher wages are clearly contributing to that outcome, which will be our focus spotlight 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…
- At 18, she launched a startup. At 22, she’s blazing a trail in the VC world
- InfoWars app still in Google, Apple stores after companies move against other content
- Facebook: We’re not ‘actively’ seeking consumers’ banking data
- Justice Department lays out roadmap to appeal of AT&T-Time Warner deal
- MoviePass has a new plan. Again.
- West Virginia to introduce mobile phone voting for midterm elections
- PepsiCo CEO Indra Nooyi is stepping down
- YouTube, Apple and Facebook remove content from InfoWars and Alex Jones
- SeaWorld makes a big splash: Attendance up, stock soars
- Apple supplier crippled by computer virus
- India postpones retaliatory tariffs on US goods for a second time
- Avis will start providing rental cars to Lyft drivers
- Health care mergers are in doubt, and Amazon isn’t going away
- Why Goodyear and Delta Faucet are doing research in space
- Berkshire Hathaway’s stake in Apple is now worth nearly $50 billion
- Starbucks may let customers pay with bitcoin
- 5G is coming to Houston. Here’s why that’s a big deal
- MoviePass will limit customers to three movies per month
- The billionaire bankrolling Silicon Valley with his $100B checkbook
- Why American credit card companies can’t break into China
- Anthony Scaramucci says Trump’s press attacks are ‘bad for the country’
- Trump’s storytelling prowess
- Newseum apologizes for ‘Fake News’ shirts: ‘We made a mistake’
- Brian Stelter: Trump is winning the story-telling game
- CBS tells press sexual harassment allegations are ‘taken seriously’
- Wells Fargo says hundreds of customers lost homes after computer glitch
- Tim Cook on $1 trillion valuation: Keep your eye on the ball
- SEC drops probe of Exxon’s accounting practices
- DNC warns candidates: Don’t use ZTE or Huawei phones
- Kraft Heinz reports tasty sales but Campbell Soup rumors won’t die
Select Bullets from Fox Business…
- Why the number of female CEOs is falling in 2018
- Pepsi’s new CEO Ramon Laguarta: Five things to know
- PepsiCo CEO Indra Nooyi stepping down
- Stocks begin week on tentative note, as tariffs and earnings remain in focus
- Oil prices climb following unexpected production dip
- Millions drop off food stamps
- NASCAR CEO Brian France takes leave of absence after DUI arrest
- Here’s how long $1 million in retirement savings will last in your state
- These 4 industries struggle to recruit new employees
- More Americans may owe the IRS next tax season
- SeaWorld attendance surges after ‘Blackfish’ documentary scandal
- Drastic rise in Americans filing for bankruptcy
- Warren Buffett’s Apple bet is paying off
- Facebook wants banks to share your personal finances: Report
- Venezuela a warning to ‘pie-in-the-sky’ socialists: Varney
- Wynn Resorts settles with Elaine Wynn, names Phil Satre vice-chairman
- Hologic CEO on innovating in women’s health
- Nestle USA CEO: We continue to grow in the US
- Capital gains taxes should be indexed for inflation: Art Laffer
- New York state shuts down child’s lemonade stand
Today’s markets and stocks, at the closing bell…
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 –
There are dozens of stories that get lightly covered in the mainstream media, for whatever reason.
Among them is the ticking time bomb left by the mushrooming budget deficits during the prior two administrations. Candidate and U.S. Senator Barack Obama called out President G.W. Bush for his huge deficits. Once president, POTUS Obama proceeded to double the national debt in 8 years. The vast majority of the federal debt came during the 16 years of the G.W. Bush and Barack H. Obama Administrations.
Those debts require debt service payments. As interest rates rise, the cost of debt services is rising too.
In a practical sense, the only option the federal government had – other than eventual insolvency or ‘hyper-inflation’ (more aptly, dramatically devalued monetary value) – was to fuel much faster economic growth. A look at Venezuela is a sobering reminder of what America wants to avoid.
With that backdrop, what progress is being made?
Two items will be quickly reviewed, that are interconnected.
According to the White House press room, “The American economy is continuing its longest monthly streak of positive job growth in history, with 3.9 million jobs added since President Donald J. Trump was elected.”
“Today marks just the eighth time since 1970 that unemployment has fallen below 4 percent—with three of those occasions occurring in 2018. This success is good news for everyone, but it’s crucial for communities that have struggled historically: The unemployment rate for Hispanics has reached another all-time low, and unemployment for individuals with less than a high school diploma fell to its lowest mark since the series began in 1992,” said the Oval Office’s media room to the Daily Business News.
“Just as important: Jobs are paying better. Significant wage gains had been a missing piece of the economic “recovery” since the Great Recession, CNBC reports, but that reality is changing under President Trump. “Compensation for workers rose to a nearly 10-year high in the second quarter,” Jeff Cox writes.
With that backdrop, Fox Business notes that “(SNAP) – commonly known as food stamps – since Trump’s first full month in office, the data showed. Food stamp enrollment in May 2018 was 39,329,356 versus 42,134,301 in February 2017.”
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).
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.