Periodic readers of this business-nightly feature should note there are a few 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.
- Michaels names new CEO – The company is replacing its current chief executive after just two months on the job
- Rite Aid’s stock has nearly tripled in 9 days
- These are the biggest risks for stocks in the new year
- The best investment of the decade turned $1 into $90,000
- Domino’s UK executive dies during family vacation
- Amazon’s big bet on UK food delivery is in jeopardy
- Opinion: Terrorists are using crypto to pay for attacks. It’s time to stop them
- Why you’re suddenly getting spammed with privacy emails
- 10 cars that could make great investments in 2020
- Thinking of buying a home in 2020? Read this first
- Hong Kong protesters take to Grand Theft Auto V
- Five ways to get organized and be more productive at work
- UPS employees sort out packages for delivery on May 9, 2017 in New York.
- UPS officials at a news conference discussed the decision by the World Expo 2020 Dubai to use UPS to handle the logistics operations for the event. / AFP PHOTO / Don Emmert (Photo credit should read DON EMMERT/AFP/Getty Images)
- Why January 2 will be UPS’ busiest day of the year
- This could help keep drivers awake at the wheel
- Spotify will stop running political ads in 2020
- NEW YEAR, NEW JOB?
- gfx resume wording
- The best way to answer this tough job interview question
- The best questions to ask in a job interview
- How to prepare for a job interview
- What to say in a thank you note after a job interview
- How to negotiate a counter offer
- THE RISE OF THE ELECTRIC CAR
- A General Motors Co. (GM) Chevrolet Bolt electric vehicle (EV) charges outside of the company's Renaissance Center world headquarters complex in Detroit, Michigan, U.S., on Tuesday, June 12, 2018.
- GM president: Electric cars won’t go mainstream until we fix these problems
- Tesla’s stock hits a record $420
- Electric truck company Rivian raises $1.3 billion
- Electric vehicles pose a major threat to autoworkers’ jobs
- Ford takes aim at Tesla with electric Mustang SUV
Headlines from right-of-center Fox Business.
- Dow, S&P hit all-time highs as Santa rally keeps delivering on Wall Street
- Elizabeth Warren’s campaign begging for ‘$2 or whatever you can’ as funds stall
- Bernie Sanders calls out Bezos’ Amazon for not paying income taxes
- Ring security cameras, Amazon have known about hacking vulnerabilities: suit
- Domino’s exec dies in snorkeling accident during luxe vacation
- Six New Year’s resolutions every leader needs in 2020
- Costumed Disney World employees say they’re violated, groped by tourists
- The best deals on electronics right now
- NBC’s Tom Brokaw apologizes for his reporting on Richard Jewell
- WATCH: Oscar winner’s Delta scolding goes viral on Twitter
- Coca-Cola cans CBD rumors
- Coca-Cola cans CBD rumors
- What you need to know about intermittent fasting diets
- Jeff Bezos, nerd no more, hunks around in St. Barths
- Students make disturbing find in hotel room during school trip, probe launched
- Low-earning Americans are seeing the biggest wage gains in a decade
- Why concert tickets blasted to record-high prices in 2019
- How fortunes of world’s top 10 billionaires changed over the decade
- Uber buys $9.5M parcel near Pittsburgh for self-driving test track
- At least 12 killed, dozens hurt when plane slams into building after jarring takeoff
- Convenience store chain could soon pay price for massive data breach
- Nike playing both sides of Kaepernick, says ex-NFL player
- Tesla starts delivering Model 3s from China Gigafactory
- Amazon, Apple, Netflix banking on cannabis content
- Feds probing 8 new sex assault cases against Harvey Weinstein in Los Angeles
- Starbucks pours free drinks nationwide: Here’s how to get one
- Millennial farmer turned YouTube influencer takes viewers behind the scenes
- Aaron Rodgers and Danica Patrick pay for $28M California home with cash
- Volunteer vacations are new travel trend
- Newseum pays price in DC, closing amid newspaper free fall
- Trish Regan: Trump economic strategy will lead to even more market wins in 2020
- Instagram influencer couple builds island villa with social media money
- This year’s most competitive housing markets across the US: report
- E-commerce revenue projected to skyrocket — and truckers still needed
- Here’s what ‘Peloton husband’ gave his real-life girlfriend for Christmas
- 8-year-old boy among YouTube’s highest-earners of 2019
- US economy is Christmas gift on track to keep on giving in 2020
- FDA approves ‘important new option’ for treating migraines
- American Airlines workers facing headwinds as court makes ruling amid pay dispute
- Proposal would allow all drones in US airspace to be remotely tracked
- WATCH: Amazon top-seller makes leaving pets home alone a little easier
- Gold unbowed after Kim Jong Un fails to deliver ‘Christmas surprise’
- Uber co-founder Travis Kalanick severs all ties, dumps last 5.8M shares
- Police blame couple’s burglary scare on robot vacuum
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics and Investing Meet
“Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system…” said Bloomberg on 12.19.2019.
“Investment banks and think tanks have estimated that American corporations held $1.5 trillion to $2.5 trillion in offshore cash at the time the law was enacted. Before the overhaul, companies were incentivized to keep profits overseas because they owed a 35% tax when bringing it back and could defer payment by keeping funds offshore. The law set a one-time 15.5% tax rate on cash and 8% on non-cash or illiquid assets.”
Bloomberg and the Wall Street Journal both reported that repatriation has been at a slower pace than was projected by the White House prior to the enactment of the bill.
But the Tax Foundation reported that “Repatriation has significantly increased since enactment of the TCJA [Tax Cuts and Jobs Act of 2017]. More earnings have been repatriated in the first sixth months of 2018 than in 2015, 2016, and 2017 combined.”
Put differently, those dollars have boosted the pace of investment domestically, fueling economic growth in the U.S. instead of elsewhere in the world.
The Tax Foundation also said that “Repatriation, or the potential of an inflow of capital into the United States, is not the reason the TCJA is expected to boost investment and grow the economy. The lower corporate tax rate drives the long-run economic growth expected from the TCJA.”
The left-leaning Center for American Progress said that corporations, not workers, have been the winners. While there is no doubt that corporations have benefited, there is data that workers pay has risen faster than managers and that wages are up more under President Trump than under President Obama and Bush combined.
It should also be noted that with all of the headwinds aimed at President Trump, that has caused some level of angst that may have subdued that amount of repatriation that would have occurred absent seemingly non-stop investigations against the 45th president that began even before he took the oath of office.
Federal tax revenues rose under the Trump tax cuts, much like they did under Presidents Kennedy (D) and Reagan (R).
But spending has also risen. At his recent campaign rally, the president said that his attention will pivot toward the budget deficit, now that roughly $2.5 trillion has been poured into rebuilding the military.
Related Reports:
Manufactured Double Talk? Analyzing New Land-Lease Manufactured Home Community Developments
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 2019…
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.
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has now celebrated our tenth anniversary.
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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