Periodic readers of this business-nightly feature should note there are new tweaks to some of the standard portions of our evening market/investing report. Read carefully as some changes of the ‘standard text’ that follows before our left-right headlines and also in other features near the end of tonight’s reports.
Every evening our headlines that follow 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 headlines 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.
Perhaps more important, you will get insights about the industry from experts that care, but also dare to challenge the routine narrative that arguably keeps manufactured housing underperforming during an affordable housing crisis.
Newsy, Peeling Back Media Bias, Manufactured Housing Sales, Investing, Politics, and You
Headlines from left-of-center CNN Business
- Stocks tumble again
- Traders work on the floor of the New York Stock Exchange, Monday, March 2, 2020. U.S. stocks are coming off their worst weekly drop since the financial crisis of 2008.
- Dow closes down nearly 800 points after the Fed’s surprise rate cut
- The Fed just hit the coronavirus panic button
- Fed announces first emergency rate cut since financial crisis
- Market mayhem exposes fears about oil companies
- On the day the stock market gained $1.1 trillion, Robinhood went down for 17 hours
- Opinion: The trade war put the economy on its heels. The coronavirus will be much worse
- Coronavirus could mean you’ll be working from home. Here’s how to stay productive
- Welcome to Walmart. The doctor will see you now
- Former CNN anchor Bobbie Battista dead at 67
- Microsoft scores a touchdown with new NFL deal
- Bentley unveils $2 million roofless car
- Talking about money improves marriage satisfaction. So why don’t we do it?
- Pedestrians walk past an illuminated American flag in the Times Square area of New York, U.S., on Friday, April 26, 2019. U.S. stocks edged higher on better-than-forecast earnings while Treasury yields fell after data signaled tepid inflation in the first quarter. Photographer: Michael Nagle/Bloomberg via Getty Images
- The 10-year Treasury yield just dropped below 1% for the first time in history
- TOKYO, JAPAN – JULY 24: A woman walks past the Olympic rings displayed in front of the New National Stadium, the main venue for the Tokyo 2020 Olympic and Paralympic Games, under construction on July 24, 2019 in Tokyo, Japan. (Photo by Tomohiro Ohsumi/Getty Images)
- NBC is insured if the Olympics are canceled
- NEW YORK, USA – MARCH 2: A person wears a face mask as a precaution against coronavirus in New York, United States on March 2, 2020. The U.S. state of New York confirmed its first case of the novel coronavirus late Sunday. In a statement, Gov. Andrew Cuomo said a woman in her 30s had contracted the coronavirus, officially known as COVID-19, while in Iran and she is now isolated in her home.
- Americans are panic shopping for hand sanitizer, face masks and toilet paper
- CORONAVIRUS CANCELLATIONS
- Employees have lunch at the canteen at Facebook's new headquarters, designed by Canadian-born American architect Frank Gehry, at Rathbone Place in central London on December 4, 2017.
- Social media titan Facebook opened a new office in London on December 4, 2017, that is set to be its biggest engineering hub outside America, the company has announced.
- Facebook backs out of SXSW over coronavirus fears
- Geneva car show canceled as coronavirus spreads
- Big European companies ban business travel
- The travel industry halts its largest trade show
- F8 — Facebook’s biggest conference — is canceled
- LEADERS WE’VE LOST
- Jack Welch, former chief executive officer of General Electric Co., stands for a photograph at the World Business Forum in New York, U.S., on Wednesday, Oct. 2, 2013. Intellectuals, political and business leaders gather at the annual World Business Forum, a global business summit, to debate and discuss the challenges of the world economy.
- Former General Electric CEO Jack Welch is dead at 84
- Hear Jack Welch’s thoughts on leadership
- Trader Joe’s founder dies at age 89
- Lego minifigure creator has died
- CVS co-founder is dead at 86
- Bentley unveils limited edition $2 million roofless car
- LAS VEGAS, NEVADA – FEBRUARY 19: Chris Matthews of MSNBC waits to go on the air inside the spin room at Bally’s Las Vegas Hotel.
- Chris Matthews retires from MSNBC after controversies
- This teen fooled Twitter and got a fake candidate verified
- The ‘retail apocalypse,’ explained
- What is a stock market correction?
Headlines from right-of-center Fox Business
- Dow falls nearly 1,000 points as coronavirus whipsaws markets
- Thursday’s selling comes a day after the Dow Jones Industrial Average posted its second-biggest point gain on record.
- Coronavirus causes turbulence for airlines
- Acting CBP commissioner on coronavirus: Ready to do what CDC recommends
- of Justice responds to Bernie Madoff’s request for sentence reduction
- Where does Ponzi king go from here?
- Harvey Weinstein being moved to Rikers Island after undergoing heart surgery
- How Biden’s tax plan would hit wealthy Americans
- Pence on coronavirus mask demand: ‘3M plays a vital role’
- Congressman: Let’s create a health care system that works for you, not companies
- Lyft employee exposed to coronavirus, San Francisco workers sent home
- Warning issued to people using vodka as coronavirus killer
- NFL collective bargaining agreement vote deadline revealed
- Panicked shoppers spark toilet paper shortage, retailers limiting purchases
- Police reveal likely motive behind worker’s deadly brewery rampage
- New Taco Bell Cantinas revamp ‘fast-social’ with alcohol, tech and gaming
- Airlines adding new luxury — but it could come at a cost
- Basketball coach in hot water after risqué school gym video surfaces
- Snoop invests in vegan ‘pigless pork rinds’ maker
- Are there any trillionaires in the world?
- Chuck E. Cheese sued after woman’s hair is caught in ticket machine
- Etsy pulls coronavirus-themed merchandise
- It just got a lot better to work at Chipotle
- Top reasons why people are denied mortgages
- Red counties outpace blue counties in vital economic stat
- Waters may refer ex-Wells Fargo CEO to DOJ for false statements
- Joe Biden addresses why Obama hasn’t endorsed him for president
- Meghan Markle, Prince Harry back in UK for final royal appearances
- Mick Jagger making career change
- Kelly pleads not guilty to latest sex abuse accusations from new accuser
- Buffalo Wild Wings offers restaurant sleepover during March Madness
- Lick this! Man sentenced for tasting ice cream in market, returning to freezer
- Obamacare Supreme Court defense joined by 17th state
- Meet the first black woman to own and operate a billion-dollar company in the US
- Wendell Goler, longtime Fox News White House correspondent, dead at 70
- Tesla competitor Nikola CEO: Never been a better time to go public for zero-emission vehicle companies
- Quest Diagnostics to launch coronavirus test service
- Warriors Steph Curry set to return after 58-game injury
- Tulsi Gabbard’s $50 million Google suit is dismissed
- SEE PICS: NFL legend’s Palm Springs home sells for $6.5 million
- How much a ‘wealth tax’ could cost you
- Varney: Despite Bernie strong start, the left’s bubble has officially burst
- Former United Auto Workers president charged in embezzlement scheme
- WATCH: Bloomberg adviser says Mike is not going away
- Peep your feet: Crocs takes bite out of beloved Easter candy with colorful new designs
- Engineer who left Google for Uber ordered to pay $179 million
- Financial ‘dominoes’ that could still fall amid spiraling coronavirus crisis
- Why coronavirus shock is causing Treasury yield to ‘drop like a rock’: El-Erian
- Kroger reports higher sales as grocers prepare for coronavirus
- Bill Gates, Jack Ma lead coronavirus charitable giving
- Nik Wallenda walks highwire across volcanic ‘Mouth of Hell’
- Varney: Public rage becoming common among senior Democrats
- Coronavirus prompts Trader Joe’s to change food sample policy
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics and Investing Can Meet
Once you begin to grasp how some of the big boys of manufactured housing really think, a new world of understanding comes to light. Not necessarily a bright world, but a different one than many everyday people are used to engaging in.
We’ll start with a snapshot from CNBC, but then tie it into prior reports.
From CNBC:
- Sam Zell, who made his fortune scooping up distressed assets, told CNBC on Thursday that he’s been taking advantage of the stock market volatility.
- The billionaire investor said he put more in a couple of companies in which he already had significant ownership, including one in the battered energy industry.
- In the current climate, Zell said he’s buying energy stocks and debt as well as land, focusing on existing production rather than drilling.
Billionaire founder of Equity Group Investments said that “We’ve been buying some stuff that we thought was ridiculously low” in the recent coronavirus-driven sell-offs on Wall Street. “But not a lot,” he added.
Zell said he’s invested in companies he already had significant ownership, including the battered energy industry, which is one of the worst-performing S&P sectors.
Zell said he’s spending a lot in energy, a sector he “always keeps track of” in hopes of finding opportunities. “We think the energy space is really cheap … and what helps is we were not in the energy space before.”
“It started getting really dicey about six or eight months ago, when you saw stuff that would normally get sold very quickly [attract] no bids,” Zell said. “We just won a bid on a bankrupt company where we were the stalking horse [or initial] bid and they had the auction and nobody came.”
In the current climate, Zell said he’s buying energy stocks and debt as well as land, focusing on existing production rather than drilling. Forbes estimates Zell’s net worth at about $5.6 billion.
As a reminder, we said just days ago that the Buffett mantra was being put to work, perhaps by those who given their access to media and can plant thoughts that could drive investors to sell and push prices down.
While there is no doubt that the coronavirus is real and sweeping many nations that could include those who have parts of the U.S. supply chain, the actual impact here in the U.S. itself is far from clear. While Iranian sources, for example, said that by March 20th, they expect an estimated 5 million cases of the coronavirus on Tehran alone, by contrast, medical professionals here in the U.S. estimated that the level would be more in the thousands – not millions.
Time will tell.
Speaking of time, for a quick political pivot, what a difference an endorsement can make, when it is House Minority Whip Jim Clyburn plugging former VP Joe Biden for the Democratic nomination before South Carolina. That and some purported arm twisting to clear several contestants out of the race set the stage for a Biden ‘upset’ on Super Tuesday. If Senator Bernie Sanders doesn’t have a strong showing in Michigan, Politico says it could be over for him soon.
Either way, this might be the weakest Democratic nominee in years. That’s not to say that one or the other couldn’t win, but Biden has so many vulnerabilities from past baggage and present memory lapses. Bernie’s statements of Cuba and Castro may have hurt him on Super Tuesday and could even more so in the days ahead.
Stay tuned.
Related Reports:
Anatomy of High-Tech, Scandalous Deception? National Trade Groups Agree on HR 4351 YIMBY Act
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.
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- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
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Winter 2020…
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 each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Enjoy these ‘blast from the past’ comments.
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Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
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Disclosure. MHProNews holds no positions in the stocks in this report.
(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.
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