Noteworthy headlines on CNNMoney – Wells Fargo workers say fraud began years ago. PA Donald Trump win could tank stocks (ya think CNN is pro-Clinton? ;-). U.S. Companies consider relocating over Brexit.
Some bullets from MarketWatch – Stocks retreat as Clinton-Trump debate looms. Gold edges higher as focus turns to debate. Deutsche Bank woes are stressing out the U.S. stock market.
Oil up 2.61%, Gold down 0.04%.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,146.10 -18.59 (-0.86%)
Dow JIA 18,094.83 -166.62 (-0.91%).
Nasdaq 5,257.49 -48.26 (-0.91%).
The MH Industry – Today’s Risers and Sliders
Top two gainers for the day were Cavco Industries (CVCO) and Sun Communities (SUI). The top two sliders for the day were the Carlyle Group (CG) and Louisiana-Pacific Corp (LPX). Killam and Deer Valley held steady, as those stocks are only being bought/sold periodically. (ALWAYS look at the date on the Bloomberg chart below, as some stocks aren’t traded daily, etc.).
Killam spotlighted, in the report linked here. Note other recent reports: Nobility Homes quarterly report, link. Another hot one this week – Another International Company Buying into U.S. Manufactured Home Communities. Wells Fargo – connected with BH, see the report linked here. A Skyline report will be published tomorrow.
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, MHProNews.
