We’ll look at that briefly in our spotlight section, further below.
If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline spotlight report is found just beyond the Manufactured Housing Composite Value for today.
The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.
Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves 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.
MH “Industry News, Tips and Views, Pros Can Use.” ©
Selected headlines and bullets from CNN Money:
- Joblessness in a small town led to a health crisis
- DOJ tells AT&T to sell assets or meet in court
- Americans see jobs aplenty. Good wages? Not so much.
- Ex-Trump adviser Carl Icahn hit with subpoena
- Panera is buying back Au Bon Pain
- Marissa Mayer grilled by Congress over Yahoo breach
- Where Snapchat went wrong
- Tinder Gold is a massive hit
- Are you taking enough vacation?
- This coal town is trying to bring itself back to life
- Trump rally: 3rd best since World War II
Selected headlines and bullets from Fox Business:
- S. demands CNN sale to allow AT&T, Time Warner merger
- Twenty-First Century Fox’s 1Q revenue rises
- Apple breaks $900 billion market cap, leads Wall Sreet to record highs
- Oil settles lower as U.S. crude output up, China imports down
- LA Clippers’ Steve Ballmer on NBA anthem rules: Players should be able to express themselves
- Panera Bread to buy Au Bon Pain, CEO stepping down
- Senate still on track to release tax bill Thursday, aide says
- Maine Medicaid referendum is a ‘significant’ burden on the state: Judge Napolitano
- How this style startup got Kim Kardashian West as an advisor
- Banks tightening their purse strings for credit cards and auto loans
- IRS’s Koskinen to enforce ObamaCare’s employer mandate during final days
- Teenager invents 3D-printed hand for $300
- What is WeWork? A look at the $20 billion coworking startup
ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here.
Today’s markets and stocks, at the closing bell…
S&P 500 2,594.38 +3.74(+0.14%)
Dow 30 23,563.36 +6.13(+0.03%)
Nasdaq 6,789.12 +21.34(+0.32%)
Crude Oil 56.82 -0.38(-0.66%)
Gold 1,281.60 +5.80(+0.45%)
Silver 17.01 +0.07(+0.44%)
EUR/USD 1.1594 +0.0006(+0.05%)
10 Year Bond +0.018 (+0.78%)
Russell 2000 1,481.73 +2.64(+0.18%)
Manufactured Housing Composite Value
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 –
Reading the DoJ Tea Leaves on AT&T, Time Warner Proposed Merger for MH Industry Signals
Does the news out of Washington, D.C. that the Department of Justice (DOJ) has put a halt on AT&T/Time Warner proposed deal include any hints or clues for the Manufactured Home Industry?
Perhaps the most significant part of the video and report by CNBC, which has parallels from other mainstream media sources, is this phrase.
“When asked about the deal earlier Wednesday at the Wells Fargo Media and Telecom Conference in New York, AT&T Chief Financial Officer John Stephens said: “We are in active discussions with the [Department of Justice]. Those are continuing on. I can’t comment on those discussions, but with those discussions, I can now say that the timing of the closing of the deal is now uncertain,” per CNBC.
Stephens stated that the AT&T acquisition of Time Warner is a “vertical integration” merger across industries. He noted that the government has not blocked a “vertical” deal in more than 40 years. The Daily Business News has a pending inquiry to the DoJ media office, to see if there can be some clarification if vertical deals within the same industry would be treated differently that a vertical integration deal described as across more than one industry.
While the concerns or questions about the vertical integration language and anti-trust interpretations of the deal may be of the greater interest to manufactured home industry investors, and how that may or may not impact Berkshire Hathaway’s Clayton Home’s acquisitions of still more retail locations, the big news for much of the rest of the mainstream media has been on CNN News plays out in any AT&T/Time Warner deal.
That is, if that deal even happens now.
The Financial Times first reported that the Justice Department told AT&T and Time Warner it must sell CNN.
Later, the New York Times reported that either CNN or DirecTV must be sold. The concern by media is if CNN’s attacks on the president might be influencing the DoJ view of the deal?
MHProNews will focus more on the vertical integration question, and report back to the industry and its investors if and when more is learned. Stay tuned.
See Recent Exclusive 1 Year Snapshot of All Tracked Stocks
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 a recent round of 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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