The beauty of manufactured housing, in its pure form, is that it is recession resistant. Indeed, when conventional housing hits headwinds, manufactured housing for many years did well. It is only in the post 2003 MHVille era that this pattern has begun to change. It need not be so, as this report or this link reflect, but those are not our focus this evening. When politics impacts investing, as it has for years, it’s an artificial headwind. Billionaire Leon Cooperman, who doesn’t favor all of President Trump’s policies says that investors are counting on his winning re-election. If Senators Elizabeth Warren or Bernie Sanders win the Democratic nomination and pose a credible threat, he thinks the impact on the markets will be significantly negative. This interview is still making headlines, so we will look at it more closely tonight. That will be our focus this evening.

 

Every evening our headlined provide snapshots from two major media outlets on each side of the left-right news spectrum that reflect topics that influence or move investor sentiment. In moments on this business evening report, you can get insights-at-a-glance.’

This report also sets the broader context for manufactured housing markets, in keeping with our mantra, “News through the lens of manufactured homes and factory-built housing” ©.

We begin with left-of-center CNN followed by right-of-center Fox Business. We share closing tickers and other related data courtesy of Yahoo Finance, and more. 5 to 10 minutes reading this MHProNews market report every business night could save you 30 minutes to an hour of similar reading or fact-gathering elsewhere.

 

Headlines from left-of-center CNN Business.

• Walmart will no longer sell e-cigarettes
• America’s largest retailer makes the call as the number of deaths tied to vaping grows
• Dow slides, on track to finish the week lower
• Walking back from the trade war ledge, the US just exempted hundreds more Chinese goods from tariffs
• An infrastructure deal really could happen. That could help these companies’ stocks
• Boston Fed president warns co-working spaces like WeWork could pose a risk to the US economy
• We tested the new iPhones to find out if they’re worth an upgrade
• Apple opens its redesigned Fifth Avenue store
• Review: Here’s how the new iPhone 11 stacks up
• YouTube is taking away some verified checkmarks. Creators aren’t happy
• Opinion: The Saudi oil attacks won’t devastate the global economy. Here’s what could
• Shopping Content by CNN Underscored
• iPhone 11 Pro and 11 Pro Max: The CNN Underscored user guide
• United Auto Workers’ GM strike reaches day five. The pain is growing
• The market has spoken: Coal is dying
• ‘Ad Astra’ could be the hit that 20th Century Fox desperately needs
• Colt will stop making AR-15 rifles for consumers
• How Walmart became an unlikely champion of gun safety
• Enforcing new store gun policies will be complicated
• Walgreens and CVS ask customers to leave guns outside
• Publix joins other retailers and asks customers not to openly carry guns into its stores
• Tesla takes on Porsche with superfast Plaid Mode
• The Model 3 earns top safety award
• What it’s like taking an electric road trip in a Tesla
• Elon Musk visited China and won a tax break for Tesla
• Tesla sets a record for sales

 

Headlines from right-of-center Fox Business.

• MAJOR RETAILER DROPS E-CIGARETTES AMID VAPING CRISIS
• Wall Street slumps after China delegates cancel US farm visit
• US-China trade talks: Key sticking points on Day 2
• Fed’s Bullard wanted bigger rate cut because US manufacturing ‘appears in recession’
• EXCLUSIVE: STEPHEN SCHWARZMAN EXPLAINS WHAT FALLING GLOBAL RATES SIGNAL
• Blackstone CEO Stephen Schwarzman discussed falling interest rates during an interview on “Maria Bartiromo’s Wall Street.”
• Patriots cut Antonio Brown in wake of sexual assault allegations
• Why Bill de Blasio finally gave up
• Airline mechanic charged with sabotage reveals chilling security gaps
• Amazon employees to walk out ‘for livable future’
• Drunk driver death: Charges dropped against Tiger Woods’ girlfriend
• Rogue trader cost Mitsubishi Corp. hundreds of millions, company says
• EXCLUSIVE SPECIAL: MARIA BARTIROMO EXPLORES HOW AI IS CHANGING LIVES
• From health care to transportation, FOX Business’ Maria Bartiromo looks at how artificial intelligence is shaping the future of society.
• Apple’s iconic NYC store: A look inside after the grand reopening
• GM recalls 107,000 popular SUVs: Here’s what you need to know
• Andrew Yang fired me for getting married: Ex-employee
• Walgreens announces new drone delivery service pilot program
• Why Trump was seen with a wad of cash
• ‘All-out war’ would decimate Iran’s economy, cause oil prices to soar
• Autoworkers strike forces GM vendors to start layoffs
• Bravo, E! jobs slashed in NBC reshuffling
• Colt stops making AR-15, military-style rifles for civilians
• China-US trade deal: It’s all or nothing
• FOX Business’s Edward Lawrence discusses why President Trump is looking for a complete deal with China. What’s included in the deal is still up in the air. Limiting forced joint ventures is a possibility for limiting stolen intellectual property.
• Will your job be replaced by artificial intelligence?
• FOX Business’ Maria Bartiromo explores how AI will revolutionize the job market.
• Why should you trade your iPhone X in for an 11?

 

10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…

 

Tonight’s Business/Market/Political Impact Spotlight –

“There’s unquestionably a shift to the left in this country,” Cooperman said at the Delivering Alpha conference. “They won’t open the stock market if Elizabeth Warren is the next president,” the billionaire investor joked.

“You don’t make the poor people rich by making rich people poor,” Cooperman said. “The Democratic Party seems to be leaning towards the left on policies, which is very harmful for the economy. I don’t like the shift to the left.”

He made it clear that if Warren wins, the market will open but it will be “a hell of a lot lower,” Cooperman later said on CNBC. “It would be a bear market and they go on for a year and go down 25%,” Cooperman said.

The Warren campaign reportedly declined comment to CNBC.

That said, they have done fundraising off of similar stories.  They are bragging to small money donors about the fear that their campaign is striking among billionaires.

Warren, a Massachusetts senator, has been moving up in the crowded Democratic presidential field, polling only second to former Vice President Joe Biden in a new NBC/WSJ poll. She has been a champion of the left wing for her bank bashing and wealth tax proposals.

 

• In a new NBC/WSJ poll, Joe Biden draws 31% compared to 25% for Elizabeth Warren. At 14%, Vermont Sen. Bernie Sanders trails Warren by a double-digit margin while 15 other candidates receive support of 7% or less.
• Biden builds his edge on dominance among three chunks of Democratic primary voters. He commands 49% among African-Americans, 46% among senior citizens, and 42% among moderate and conservative Democrats.

Here is a snapshot from Real Clear Politics.

Warren has proposed a wealth tax on assets above $50 million and a minimum tax on the profits of the largest corporations, to help finance new government benefits for child care, health care, housing and education.  The policies haven’t worked in Europe, per analysis of those attempts at similar programs.  But that hasn’t deterred her beating that drum.  Note that if Warren’s and Sander’s polling was combined, it would be ahead of Biden’s.

“Her policies are counterproductive,” Cooperman told CNBC. “They’re negative for capitalism, and capitalism is what brought America into the position we’re in today.”

 

 

“It looks like she’s [Warren] a credible alternative; I think the stock market will run into some problems,” Cooperman said. “Biden’s OK; he’s a centrist … but I don’t know that he’s acceptable to the progressives.”  The comments by Democratic Senator Chris Coons (CT) in the report below sheds additional light on what more moderate politicos among their party think about Warren or Sanders as their party’s possible standard bearer.

Related Reports:

Senator Chris Coons (CT-D) – ‘VP Mike Pence has it Right’ – Trade, ‘Free Stuff Politics Doesn’t Work,’ Antitrust, More

Manufactured Housing Industry Investments Connected Closing Equities Tickers

Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.

• NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.
• NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

Updated for Summer 2019…

Berkshire Hathaway is the parent company to Clayton Homes, 21^st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.

· AMG, CG, and TAVFX have investments in manufactured housing related businesses.

Your link to an example of industry praise for our coverage, is found here and 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.”

· For expert manufactured housing business development or other professional services, click here.

· To sign up in seconds for our industry leading emailed headline news updates, click here.

Disclosure. MHProNews holds no positions in the stocks in this report.

“We Provide, You Decide.” © ## (News, analysis and commentary.)

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

Submitted by Soheyla Kovach, co-managing member of LifeStyle Factory Homes, LLC and co-founder for MHProNews.com, and MHLivingNews.com.

Connect with us on LinkedIn here and here.