Take a giant step back. Then, stop and think. The first part of that headline is from CNBC, a left-of-center media outlet. For about a year, the mainstream media has said that a ‘blue wave is coming.’ We’ll see in a matter of hours. But the fact that they finally mention that it might be ‘a red wave,’ or as more report, a mixed result in the control of the House and Senate, is revealing. CNBC’s report will be our focus for 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…
- LIVE UPDATES Election Day in America
- ‘It disturbs me to my core’: Fox News staffers express outrage over Hannity’s rally appearance
- Steve King denies Des Moines Register from election event
- Amazon HQ2: The pros and cons of choosing two cities
- Papa John’s is still struggling to bring customers back
- Foxconn hiring plans for Wisconsin plant under scrutiny
- AMC Theatres will raise the price of its MoviePass rival service for some customers
- Under Armour: Report on strip club visits was ‘tough to read’
- Will Colorado deal the shale oil boom a blow?
- The argument against having close friends at work
- Donald Trump billed himself as America’s first CEO president
- But two years in, it’s clear he’s the opposite of a modern chief executive
- What will the election results mean for Wall Street?
- National outlets are treating the 2018 race like it’s a presidential election
- Learning from 2016: This year, the media is reporting poll results differently
- PERSPECTIVES I worked for the FBI. The mid-terms could be hacked, but here’s the bigger threat
- Inside the battle over San Francisco’s homeless tax
- Jamie Dimon doesn’t see a US recession on horizon
- Gold is back. That’s a worrying sign
- Why the strong dollar is so bad for business
- The US economy added better-than-expected 250,000 jobs in October
- Where’s the Trump economy heading?
- GE’S LONG GOODBYE
- 20181106-current-horticulture-led
- GE’s dismantling continues: It is selling yet another business
- GE slashes 119-year old dividend to a penny
- The debt headache at GE is growing
- GE hit with new investigations from SEC and Justice Department
- Will GE’s new boss cut the company’s complexity?
Select Bullets from Fox Business…
- How stocks usually perform following midterms
- Midterm Election Coverage: FOX Business Network
- Midterms: The Economic & Investor Issues
- Midterms and marijuana: These 4 states will vote on legal pot
- At present, recreational marijuana use is legal in nine states, as well as Washington, D.C.
- Ahead of midterms, soda industry poured millions into fighting sugary drink taxes
- Jittery investors await midterm elections
- Continue to Midterm Elections
- US states where employees get paid time off to vote
- Maxine Waters will ‘grind down’ Trump’s deregulatory efforts: Jeb Hensarling
- AFL-CIO president: Union worker health care, wages ‘under attack’
- Midterms and gun control: NRA candidate ratings for tight races
- US midterms: Trump military funding on chopping block?
- Election Day freebies: Here’s where to find deals
- Stocks rally as Americans hit the polls to vote in midterms
- Amazon’s HQ2 may have two joint finalists: Here’s a look
- Home Depot creates 3,000 multimillionaires, co-founder says
- These proposed federal laws could open the financial floodgates for marijuana companies
- Lowe’s to close underperforming stores in US, Canada
- These are the most livable mid-sized American cities
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 –
We’ve sounded off on the midterms for months, so tonight we’ll let CNBC’s video and bullet’s spotlight the night of the election. We’ll only note for now that both parties brought out their ‘biggest guns.’ Former president Barack Obama, former VP Joe Biden and a host of Hollywood personalities have stumped for or with Democrats. President Donald J. Trump and Vice President Mike Pence have been stumping for their candidates.
The results will soon be known.
“Congressional races in Indiana, Kentucky, Florida and Virginia will be among the first Wall Street is watching to see whether the electorate’s response to President Donald Trump’s programs is strong enough to launch either a “red wave” of support or a “blue wave” backlash.
The view of major firms such as Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley is for a mixed outcome, with Democrats gaining control of the House and Republicans holding or even adding to their majority in the Senate. The market reaction to that scenario could be muted, but not so if there’s an upset, with either party staging a surprise victory and gaining total control of Congress.
Stocks could rally if there’s a GOP surge — or red wave — and some strategists see a sharp decline if Democrats overcome the odds and take both the House and Senate.
Key early indicators of blue or red wave:
- Kentucky — polls start closing at 6 p.m. ET
- Indiana — polls start closing at 6 p.m. ET
- Virginia — polls close at 7 p.m. ET
- Florida — polls start closing at 7 p.m. ET”
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.