Noteworthy headlines on – CNNMoney – Ford gets ready to cut jobs. Outage hits Starbucks stores in U.S. and Canada. Rue21 files for bankruptcy as retail woes drag on. Facebook refunds advertisers over measurement error.
Some bullets from Fox Business– Home Depot crushing Sears and other struggling retailers. Trump defends talks with Russians. Jamie Dimon says he won’t leave Trump’s strategic and policy forum. Slowing sales growth at TJMaxx, Marshalls parent stokes retail-industry concern.
9 key market indicators, per Yahoo! Finance.
- S&P 500 2,400.67 -1.65 (-0.07%)
- Dow JIA 20,979.75 -2.19 (-0.01%)
- Nasdaq 6,169.87 20.20 (0.33%)
- Crude Oil 48.23 -0.62 (-1.27%)
- Gold 1,236.80 6.80 (0.55%)
- Silver 16.84 0.24 (1.46%)
- EUR/USD 1.1084 0.0107 (0.98%)
- 10-Yr Bond 2.329 -0.009 (-0.38%)
- Russell 2000 1,394.68 0.76 (0.05%)
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Manufactured Housing Composite Value (MHCV) Ticker
The MH Industry – Today’s Risers and Sliders
Top risers included LCI Industries and UFPI. Skyline and Equity LifeStyle Properties led the sliders today.
The Chaffey Breeze reports that Commerce Bank increased its stake in Affiliated Managers Group (AMG) in the first quarter by 12.7 percent, joining World Asset Management and Sumitomo Mitsui Trust Holdings Inc. AMG has received an overall “buy” rating from analysts.
Recent commentary from ELS Chairman Sam Zell is linked here, commentary from Kevin Clayton during Berkshire Hathaway’s annual meeting is linked here, and Warren Buffett discussing his mistakes is linked here.
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, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##
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Submitted by RC Williams to the Daily Business News for MHProNews.
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