Noteworthy headlines on – CNNMoney – A record 107 million Americans have car loans. IBM tells remote employees to get back in the office. Obamacare repeal: CBO score due Wednesday. Robots could wipe out another 6M retail jobs.
Some bullets from Fox Business – Karl Rove names most likely source of White House leaks. Russia probe could take more than a year: Fmr. Whitewater Counsel Robert Ray. Wall Street ends up but off session highs on renewed political fears. Oil rises as investors expect output cut extension next week.
9 key market indicators, per Yahoo! Finance.
- S&P 500 2,381.73 16.01 (0.68%)
- Dow JIA 20,804.84 141.82 (0.69%)
- Nasdaq 6,083.70 28.57 (0.47%)
- Crude Oil 50.37 1.02 (2.07%)
- Gold 1,255.20 2.40 (0.19%)
- Silver 16.83 0.16 (0.99%)
- EUR/USD 1.1204 0.0104 (0.94%)
- 10-Yr Bond 2.245 0.012 (0.54%)
- Russell 2000 1,367.33 6.25 (0.46%)
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Manufactured Housing Composite Value (MHCV) Ticker
The MH Industry – Today’s Risers and Sliders
Top risers included Skyline Corp and AMG. Nobility Homes and LCI Industries led the sliders today.
LCI’s recent earnings report delivered $1.71 earnings per share (EPS) for the quarter, topping the estimates of $1.66 on revenues of $498.34 million. Revenues were up 17.9 percent on a year-over-year basis.
Recent industry commentary from Kevin Clayton during Berkshire Hathaway’s annual meeting is linked here.
NOTE: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.
NOTE: Drew changed their 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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