Markets were mixed today, for reasons found in the bullets from CNN and Fox, further below. But one of the developments worth noting was President Donald J. Trump signing a trade deal with South Korean President Moon Jae-in. It means more jobs in the U.S., and that can lead to more sales for manufactured housing and factory builders. The snapshot will be our featured focus 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…
- Dunkin’ Donuts is officially dropping ‘Donuts’
- Appeals court: Uber can prevent drivers from banding together as a class
- Why investors aren’t freaking out about inflation
- Michael Kors is buying Versace for $2 billion
- Twitter wants to crack down on ‘dehumanizing language’
- Tinder is giving women more control in India
- Goldman Sachs is joining Instagram
- Sonic sold to Arby’s and Buffalo Wild Wings owner for $2.3 billion
- Corporate America, not banks, could cause the next recession
- Landmark deal will create the world’s biggest gold miner, worth $18 billion
- Time is running out for Sears, CEO Eddie Lampert warns
- Weight Watchers is changing its name
- Why Weight Watchers’ stock seems unstoppable
- How a Romanian refugee-turned-CEO found the American Dream
- Tiger Woods’ victory came with a ratings spike for NBC
- In your 40s with no retirement savings? Make these your next moves
- Kavanaugh gives an unprecedented interview to Fox’s Martha MacCallum
- Comcast won a dramatic auction for Sky. But its investors aren’t happy
- SiriusXM is buying Pandora in a $3.5 billion deal
- How maggots made two brothers millions
- Papa John’s is considering a new logo
- Porsche eliminates diesel cars from its lineup
- Amazon wants Alexa everywhere
- Pot company CEO expects the American market to open up
- Kavanaugh calls allegation in New Yorker story a ‘smear’
- The trade war reaches Procter & Gamble — and into the medicine cabinet
- The CEO of one of India’s biggest banks is being forced out
- Google discussed promoting pro-immigration search results
- China just blocked Amazon’s streaming service Twitch
- Walmart discriminated against pregnant workers, federal agency says
- The disappearing White House press briefings, explained
- GoPro shoots for a comeback
- Apple’s newest iPhones are the best yet. But do you need them?
- Google still lets third-party apps scan your Gmail data
- GE’s turbine troubles raise more red flags
- Satellite captures space junk for the first time
Select Bullets from Fox Business…
- Dunkin’ is dropping Donuts from its name, getting a new logo
- Trump: OPEC countries are ‘ripping off’ the rest of the world
- These products will now cost more due to the US-China trade war
- Arby’s parent company is buying Sonic for $2.3B
- Farmers fear China will never return to the US soybean market
- Starbucks will make ‘significant changes’ to company, which includes layoffs
- Amarin stock soars as its new fish oil pill cuts heart risk
- Air Force’s ‘Huey’ replacement will be built by Boeing
- What Jimmy Garoppolo’s knee injury means for his $137.5M contract
- The on deck justice could be a bigger Dem problem than Kavanaugh: Kennedy
- E-cigarettes could face online sales ban: Report
- 75 banks have now joined JPMorgan to test blockchain payments
- 5 cybersecurity tips for small businesses
- Federal Reserve seen hiking interest rates
- Goldman’s lavish spending on Blankfein’s post-CEO office irks lower rung employees
- Trump trade chief rips Procter & Gamble over tariff warning, profits
- Uber, Lyft drivers earning half of what they did in 2013: Study
- Are companies putting your credit card data at risk?
- Most women make this crucial financial retirement mistake
- Facebook shares down as Instagram founders become latest execs to exit
- Bill Cosby sentenced to 3 to 10 years in prison for sexual assault
- Michael Kors to buy Versace for $2.1B and change its name
- Tiger Woods may get calls from old sponsors
- How women who retire with their husbands often lose out
- Here’s the newest technologies for seniors and their homes
- IRS warns some retirees at risk of tax penalty: What to know
- AP investigation: Drug prices going up despite Trump promise
- Groups say Medicare discounts threatened in opioids bill
- Big drugmakers probed over possible kickbacks: Report
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 White House press room provided MHProNews the details that follow, but we’ll tee it up with some commentary they don’t give. There is already a pending ‘deal on the table’ with Mexico and the U.S. There is some hope that Canada will come in, but sooner or later, they will. Those deals will increase momentum for others in trade, like the EU, which also has a broad outlines of a deal with the U.S.
With that backdrop, here’s the White House statement, right after the White House video posted below.
“For decades politicians have talked about fixing broken trade deals only to do absolutely nothing about them,” President Donald J. Trump said this afternoon from New York. “My Administration is the first to actually keep our promise and deliver.”
In New York City for the 73rd session of the United Nations General Assembly this week, President Trump met with South Korean President Moon Jae-in today to sign a new trade agreement that protects American workers and businesses. The revised deal will increase U.S. exports while preserving jobs in America’s auto industry.
Under the old U.S.–Korea Free Trade Agreement (KORUS) signed in 2012, our trade deficit skyrocketed from 6.3 billion to $9.8 billion by 2017. Under the new arrangement, South Korea will double the annual number of American automobiles that can enter its market using U.S. safety standards. Seoul has also agreed to address issues with onerous and costly customs procedures that have hindered American exports.
The Republic of Korea is a key ally and trading partner of the United States; improving U.S.–Korean trade will help to strengthen this crucial economic and national security relationship. “Our two countries have set an example of friendship and cooperation for trade that rarely you see in this age,” President Trump said.
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.
