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…
- CNNMoney becomes the all-new CNN Business on Oct 4
- Federal Reserve hikes rates for third time this year
- CEOs are cashing in on the market boom
- Trump ‘not happy’ with the Fed for raising interest rates
- Bitcoin is ready to grow again. Here’s why
- Uber to pay record $148 million over 2016 data breach
- Comcast takes Sky: Fox and Disney agree to sell stake in European broadcaster
- Daimler has a new CEO and plenty of challenges
- SurveyMonkey’s stock surges and Sheryl Sandberg plans to donate millions in proceeds
- It’s getting a lot harder for global brands to win in China
- Why investors aren’t freaking out about inflation
- Nike shows that its business isn’t just Colin Kaepernick
- Time is running out for Sears, CEO Eddie Lampert warns
- Michael Kors is buying Versace for $2 billion
- CBS has a new ‘interim chairman’
- AT&T unveils new advertising business
- Calm before the Kavanaugh storm
- Dunkin’ Donuts is officially dropping ‘Donuts’
- Facebook is responsible for Instagram now. It better not mess it up
- Goldman Sachs is joining Instagram
- Instagram’s founders are leaving the company
- Twitter wants to crack down on ‘dehumanizing language’
- Tinder is giving women more control in India
- China blocks Amazon’s streaming service Twitch
- How Amazon plans to battle Walmart in India
- India’s path to double-digit growth
- 3 reasons to retire as early as you can
- Appeals court: Uber can prevent drivers from banding together as a class
- Sonic sold to Arby’s and Buffalo Wild Wings owner for $2.3 billion
Select Bullets from Fox Business…
- Federal Reserves hikes interest rates for 3rd time this year
- Stocks erase gains after Fed hikes rates for third time this year
- How the Fed’s interest rate hikes impact consumers
- You won over $500 million in the lottery, now what?
- America avoided an apocalyptic ‘economic catastrophe’: Hank Paulson
- Why aging Americans refuse to retire
- This is how much Trump’s metals tariffs cost Ford
- Cadillac to move back to Detroit after brief New York stay
- The on deck justice could be a bigger Dem problem than Kavanaugh: Kennedy
- Forget 90210. These are now the hottest zip codes in America
- US economy outpacing others: Allianz’s El-Erian
- These ‘soft skills’ can land you a job
- Trump: China meddling in US midterms against my administration
- Amazon expands Whole Foods delivery to these cities
- Uber to pay $148M settlement to 50 states for 2016 data breach
- 5 cybersecurity tips for small businesses
- Starbucks plans layoffs as it makes ‘significant changes’ to company
- Smith & Wesson loses out to nuns, religious groups on gun safety plan
- Former Victoria Secret exec raises $65M for cannabis startup
- Sheryl Sandberg will donate SurveyMonkey IPO proceeds to honor late husband
- Seven filing tips for college financial aid
- CBS names Richard Parsons interim chairman of board
- Arby’s parent company is buying Sonic for $2.3B
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 –
The Federal Open Market Committee (FOMC) increases the fed funds rate 25 basis points to a range 2 percent to 2.25 percent, per CNBC and other sources.
- The FOMC also projects one more hike before the end of the year and three in 2019.
- Wednesday’s statement drops language saying that “the stance of monetary policy remains accommodative.”
- Fed officials collectively estimate gross domestic product (GDP) to rise 3.1 percent in 2018, an upward revision from the 2.8 projection in June. The forecast for 2019 also moved higher by 0.1 percentage points to 2.5 percent.
Baring the unforeseen, don’t be surprised if the reality of GDP growth goes even higher, especially if the GOP holds onto the House, and expands its hold on the U.S. Senate. An upcoming report on the Daily Business News will explore that midterm projection issue, which bucks the trend of most mainstream media reports.
“The funds rate serves as the baseline for multiple forms of consumer debt as well as savings accounts and CD rates. The funds rate increase will be felt immediately in the prime rate and increase credit card charges, but its impact in other areas usually is more incremental.
Along with the rate increase, the FOMC continued to project one more hike before the end of the year and three in 2019,” said CNBC.
The Four Ways the Rate Hike Impacts You and Your Customers
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.
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.”
(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)
Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
