Noteworthy headlines on CNNMoney – FAA banning Galaxy Note 7 from all flights. John Kasich bans Wells Fargo from Ohio deals. Wells Fargo new account openings plunge. American Dream: Rich are fearful for its survival.
Some bullets from MarketWatch – The stock market is turning into a sloppy, ugly mess—and it could get worse. U.S. stocks hold gains after Yellen comments, bank earnings. The real cost of owning a home.
Oil down 0.26%. Gold down 0.38.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,132.98 0.43 (0.02%)
Dow JIA 18,138.38 39.44 (0.22%).
Nasdaq 5,214.16 0.83 (0.02%).
The MH Industry – Today’s Risers and Sliders
Top two gainers for the day were Skyline Corp. (SKY) and Louisiana-Pacific Corp (LPX). The top two sliders for the day were Carlyle Group LP (CG) and Equity LifeStyle Properties (ELS). Killam and Deer Valley held steady, as those stocks are only being bought/sold periodically. (Notice: ALWAYS look at the date on the Bloomberg chart below, as some stocks aren’t traded daily, etc.).
Skyline spotlighted in a report linked here. An updated Skyline report will be coming soon.
Manufactured Housing Composite Value Ticker
Note: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##
(Image credits are as shown above.)
Submitted by RC Williams to the Daily Business News for MHProNews.
