Insurer Says Irma West Turn Equaled Relief, Markets Rise, MH Industry Updates

CNNmoney11082017ManufacturedHomeStocksMarketsReportsMHProNewsIf you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports’ are found further below, 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:

 

  • Irma and Harvey will be as expensive as Katrina
  • Don’t count on Congress to fix data breach crisis
  • World’s busiest airport feels Irma’s wrath
  • Texas oil refineries still badly hurting from Harvey
  • 6 Equifax hack rumors fact-checked
  • Dow soars as investors exhale after Irma
  • Harvey, Irma clobber frail flood insurance program
  • A Pizza Hut threatened workers planning to flee Irma
  • When will Florida’s airports reopen?
  • Gas shortage: The race to refill is on
  • Equifax hack: What’s the worst that can happen?

 

Selected headlines and bullets from Fox Business:

 

  • Equifax hack likely impacted all US adults, cybersecurity expert warns
  • Equifax complaints keep growing
  • Lawsuits against Equifax pile up
  • Oil mixed amidst Irma demand fears, Saudi cut extension talks
  • S&P sets record closing high as storm, N. Korea fear fades
  • Irma brings Miami’s bustling ‘Wall Street of the South’ to a halt
  • Irma looters armed with machetes in U.S. Virgin Islands
  • British billionaire Branson calls for ‘Marshall Plan’ after Irma ravages Caribbean
  • South Korea on sale, despite a hostile North Korea
  • NFL appeals Ezekiel Elliott’s suspension injunction
  • States sue Trump administration over fuel economy fines
  • Americans headed towards $1 trillion in credit card debt, study says
  • Americans are starting to pile up more credit card debt than ever before.
  • Apple’s iPhone event: What you need to know
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Today’s markets and stocks, at the closing bell…

 

S&P 500 2,488.11 +26.68 (+1.08%)

Dow 30 22,057.37 +259.58 (+1.19%)

Nasdaq 6,432.26 +72.07 (+1.13%)

Crude Oil 48.10 +0.62 (+1.31%)

Gold 1,331.70 -19.50 (-1.44%)

Silver 17.85 -0.27 (-1.48%)

EUR/USD 1.1958 +0.0003 (+0.03%)

10-Yr Bond 2.125 +0.064 (+3.11%)

Russell 2000 1,414.83 +15.40 (+1.10%)

9MarketIndicatorsYahooFinance9.11.2017DailyBusinessNewsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

YahooFinanceManufacturedHousingCompValue9082017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report – 

 

 CNBCWhenIrmaTurnedWestSighRelifInsurerDailyBusinessNewsMHProNews

 

CNBC says:

CNBC says: “Heritage Insurance expects an estimated loss of about $200 million to $300 million in Florida thanks to Hurricane Irma, a far cry from the expected billion-dollar price tag had the storm gone in another direction, the company’s CEO told CNBC on Monday.

CNBCLogoDailyBusinessNewsMHproNews“Had this even gone from Miami-Dade County in southeast Florida up the east coast, it was probably a billion plus for Heritage. That’s where the high concentrated policy counts are, where the population lives,” Bruce Lucas said in an interview with “Closing Bell.”

“So when Irma took a turn to the west and went up the west side of the coast, you could hear a sigh of relief in the Florida market.”

On Monday, insurance companies rallied after initial reports from Florida revealed less damage than expected. Heritage Insurance led the way, soaring over 21 percent.

Shares of home insurers tied to the Florida market plunged last week as investors feared historic damage from Irma. The Category 5 storm tore through the Caribbean and made landfall in the Florida Keys as a Category 4 storm Sunday morning.

Irma, now downgraded to a tropical storm, ripped roofs off homes and caused flooding and power outages across the state.”

 

Industry and Irma Related:

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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).

Manufactured Home Industry Connected Stock Markets Data

  BloombergManufacturedHousingCompValue9112017DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st 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.”

We Provide, You Decide.” © ## (News, Analysis.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

 

 

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