“It’s the economy, stupid,” said James Carville in one of his most famous lines as President Bill Clinton’s adviser. Sadly, Carville also gets credit for the infamous “Drag a hundred-dollar bill through a trailer park, you never know what you’ll find,” line too. President Ronald Reagan asked a pocket book issue too. Are you better off? On another day when the markets recovered, CNBC has two new videos that spotlight aspects of those questions, and that will be 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…
- Facebook is at a crossroads. Did Mark Zuckerberg bet right?
- Amazon undercuts Casper with its own new mattresses
- How a right-wing effort to slime Mueller with a sexual assault allegation fell apart
- Goldman Sachs bought the app Clarity Money. Now it’s putting it to work
- LinkedIn co-founder says chaos is good for us — and the economy
- WeWork to limit free beer all-day perk to four glasses
- US strikes at China’s tech ambitions with chipmaker ban
- India risks a high stakes fight with its central bank
- PERSPECTIVES Megyn Kelly debacle shows why companies must go beyond a ‘diverse workforce’
- Megyn Kelly’s camp calls out NBCUniversal CEO amid testy exit talks
- A scary October for stocks
- 20181031 nasdaq worst month t1 gfx desktop
- The Nasdaq is down 9% and the Dow is down 5%
- … But the market could have a winning November
- Warren Buffett’s bets haven’t paid off in 2018 — but he’s still beating the market
- If Democrats win the House, will markets turn red?
- Fed proposes softening ‘too big to fail’ rules on US banks
Select Bullets from Fox Business…
- Stocks rebound on last trading day of a volatile October
- General Motors offers employee buyouts
- A look at how bad the October sell-off was
- Fed may give regional banks a break with proposed rule change
- As buyout rumors swirl, Papa John’s shares rise
- Why food and groceries will be more expensive next year
- ADP job growth of 227,000 highest in eight months
- Check out Apple’s newest products
- Trump’s Medicare price revamp could heavily cut health care costs
- Inside the slow demise of General Electric
- Google employees have CEO’s approval to walkout over sexual misconduct reports
- Morgan Stanley just hired a doctor, here’s why
- Warren Buffett just made a rare investment in this industry
- New Sam’s Club store in Texas has no cashiers
- The chain is “very close” to launching the innovative concept store.
- Whirlpool asks bankrupt-Sears for inventory back
- Walmart is Bernie Sanders’ latest pay target
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 –
It goes without saying that more jobs, higher wages, means more people can buy manufactured homes.
While that may seem like it is ‘stating the obvious,’ that is a common point raised in the financial reports of publicly trade manufactured home producers.
The screen captures are from one of the CNBC videos posted. Keep in mind, that along with much of the mainstream media, CNBC tends to be negative about President Trump and his policies. So, when they grudgingly admit that the 45th president deserves a considerable amount of credit for the good economic numbers, that is something that ought not to be ignored. It’s a little like Senate Minority Leader Chuck Schumer (NY-D) and House Minority Leader Nancy Pelosi (CA-D) saying, yes, the president was right in his economic policies.
Per CNBC this evening…
- Wages and salaries rose 3.1 percent in the third quarter, the biggest increase in a decade, according to the Labor Department.
- Overall compensation costs were up 2.8 percent, ahead of Wall Street expectations.
- Wages have been the missing piece in the economic recovery, though the Fed has been raising rates to guard against future inflationary pressures.
Trump’s economy: Here’s where he gets credit, and what could go wrong
ADP Payroll and Other Data Today
What CNBC isn’t quite saying is this. The president’s policies are interlaced on several levels.
- The trade deals, such as the new NAFTA-replacing USMCA, are designed to fuel American businesses, and thus is good for job demand, and wage growth. That’s the law of supply and demand at work.
- Stopping or slowing illegal immigration is another way of boosting the earnings of American workers. Many manufactured home professionals know that illegals workers from Latin American nations are common in construction and related work, including in MHVille.
- The Tax Cuts and Jobs Act,
- The Regulatory Rollbacks,
- Plus, other ‘American business, American Jobs, First’ policies
are good for workers.
See related reports, for more. 6 Days left of early voting and/or to the November 6th midterm elections. Share what you learn with others, and vote wisely. While the Senate seems safe – and the GOP should pick up seats there – the alternative in the House of Representatives is to see Nancy Pelosi as Speaker of the House, and Maxine Waters as House Financial Services Committee Chairperson.
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.