A glance at our manufactured housing watchlist reflects that several of the industry’s tracked stocks are closer to their one-year lows than the one-year highs. As the broader markets have slid, so has manufactured housing, and those firms that have sizable stakes in manufactured housing. The reasons cited are the broader markets, which have broadly tanked. The bullets from evening ‘left-right’ headline news recap below covers those sources’ reasons ‘why.’ But the fundamentals are sound, as our evening spotlight will reflect.
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…
- What is Huawei, and why its CFO’s arrest really matters
- Huawei’s no good, very bad year just got even worse
- Fiat Chrysler to open a plant in Detroit to build a new Jeep, report says
- Wild comeback: Dow recovers from 785-point plunge
- Volatility is the new normal. Here’s what investors should do
- This CEO thinks it’s crazy to work more than 40 hours a week
- Mysterious Instagram glitch shows funky lines on photos
- MoviePass is changing its prices again. Yes, really
- Can average investors take advantage of a new real estate development tax break?
- Judges grill DOJ on claims that District Court erred in approval of AT&T-Time Warner merger
- OPEC will cut oil production. The question is by how much
- Why America’s coal industry is not coming back
- How America’s racist past cost homeowners $156 billion
- What the smart money is buying as the market tanks
- SpaceX’s latest rocket makes a wet crash landing
- Sears chairman bids $4.6 billion to keep 500 stores open
- A (pricey) electric pickup you can take off-road
- GM is closing plants. Now its CEO has to explain why to Congress
- Porsche just remade its signature sports car
- The real story behind BMW’s American ambitions
- Jeep will make its first pickup in 26 years
- Here’s how the Apple Watch’s heart monitor works
- Sanjay Gupta tests the Apple Watch’s new heart monitor
- Facebook internal emails show Zuckerberg targeting competitor Vine
- Waymo starts giving public rides in self-driving vans
Select Bullets from Fox Business…
- Stocks stage comeback, Nasdaq rises after wild ride
- Stock volatility gives bargain hunters an edge
- US economy slowing, but recession unlikely
- How bitcoin became virtually worthless
- Sears receives $4.6B bid to buy chain from bankruptcy
- More than $1M worth of fake Nike shoes seized in NYC
- Senate approves Kathy Kraninger as new head of CFPB
- What to expect from the November jobs report
- PG&E caused deadly California wildfires, class-action lawsuit alleges
- Why GM’s CEO says automaker needs to be around for decades
- Apple, Michael Kors among world’s most counterfeited brands
- Canada arrests Huawei exec at US request, extradition seen
- US leaders react to Huawei CFO arrest: ‘A threat to our national security’
- What is Chinese tech firm Huawei?
- US trade deficit climbs to 10-year high amid Trump’s tariffs
- The trade deficit climbed to $55.5 billion in October.
- OPEC agrees to deal to cut oil output
- US productivity rises 2.3% in third quarter
- XFL, USFL, other pro football leagues that took on the NFL
- Ex-Chiefs star Kareem Hunt cost himself millions with hotel assault video
- XFL unveils 8 team cities, says games will be cheaper, fast-paced
- 9 smart money moves to make in 2019
- Recession-proof your finances: Tips to prepare
- How Trump’s tariffs will cost you
- Lyft, worth over $15B, files for IPOFed reportedly rejects Wells Fargo’s reform plan
- Walgreens expands prescription delivery program nationwide
- Ocasio-Cortez, ‘Democratic Socialist,’ will pay her interns $15 per hour
- Fed rejects Wells Fargo’s reform plan, growth cap to stay in place: Report
- Millennials blamed for killing these businesses
- Infant ibuprofen recalled from Walmart, CVS, Family Dollar store
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 –
CNBC Markets Editor Patti Domm said this evening something akin to points we’ve made in recent weeks. “November’s jobs report Friday should show a strong pace of hiring in a solid underlying economy, a stark contrast to some of the worst fears in financial markets this week.”
“Sliding bond yields and falling equity prices have helped fan worries that the real economy is going to stall out and head for a recession. But economists, looking at the strength in the labor market among other indicators, have seen little chance of a recession before 2020, though they do see economic growth slowing to just under 2.5 percent in 2019,” Domm said today.
- “Economists expect the economy added 200,000 payrolls in November, reflecting a strong job market and healthy hiring — even as markets are fearful of a slowing economy and even recession.” Unemployment should hold at about 3.7 percent.
- “Economists expect even lower unemployment in months to come. November hourly wages were expected to be up 0.3 percent, or 3.1 percent on an annual basis,” she said.
- “My guess is we’re going to get something just a little above trend because of the fact that retail hiring is going to be good, with all the reports of stores hiring more aggressively than they have in years,” said Stephen Stanley, chief economist at Amherst Pierpont.
“The Treasury curve has been ‘flattening’ and on Monday, part of the curve between the 2-year and 3-year” while the 5-year actually inverted. The 5-year yield being lower is thought to be a recession indicator.
“I think the movement in the market just kind of exaggerated the degree to which things have changed in the economic outlook…I see it more of a market story than an economic story,” said Stanley.
Markets and investors crave certainty. But the uncertainty is arguably artificial. It’s headlines that are driving wild swings, be it the arrest of Huawei’s CFO, worries over a long-overdue righting of the trade issues with China, or Fed Chairman Powell saying that rate hikes could mitigate.
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.