MHCV values went up 1.72% today. Unfortunately, most of the MHCV stocks we track went down with a few exceptions. Those companies with a very slight increase include (1) PATK – 0.93%, (2) CG and TAVFX – 0.88%, SUI – 0.64%, CVCO – 0.62%, and ELS – 0.04%.
CNN Money tells MHProNews to forget the snow. Investors are getting a blizzard of earnings this week, and so far it’s a gray mess. The Dow shed 291 points Tuesday. It was a rough day, although not quite the carnage it could have been. The Dow fell more than 380 points in the morning after Microsoft (MSFT, Tech 30), Caterpillar (CAT), and Procter & Gamble (PG) all disappointed heavily in their results.
The market is reacting to three prongs of bad news – falling oil’s impact on companies, more signs of a weakening global economy, and corporations cutting their outlook for 2015.
Overall, the S&P 500 slid 1.3% Tuesday and the Nasdaq fell 1.9% as the tech sector had a particularly rough day.
Where’s the consumer rebound? The other big warning sign today is new economic data showing people aren’t buying as much as expected.
Sales of products meant to last long-term, like kitchen appliances and home furniture, dropped 3.4% in December from a month prior, causing concerns about economic growth. These items, called durable goods, are a key measure of consumer spending. Durable good sales have decreased in four of the last five months.
Listed below are the closing numbers for today’s stock trading.
Dow Jones 17,387.21 -291.49 (-1.65%).
S&P 500 2,029.55 -27.54 (-1.34%).
Nasdaq 4,681.50 -90.27 (-1.89%).
The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value: 545.3 Today’s Change: +1.72%
As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) 204.85 -5.40 (-2.57%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 221,511.00 -2,673.00 (-1.19%).
Carlyle Group (NASDAQ:CG) 26.38 +0.23 (0.88%).
Cavco Industries, Inc. (NASDAQ:CVCO) 73.26 +0.45 (0.62%).
Deer Valley Corporation (OTCMKTS:DVLY) 0.600 0.000 (0.00% Dec. 31).
Drew Industries, Inc. (NYSE:DW) 50.69 -0.51 (-1.00%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) 56.31 +0.02 (0.04%).
Killam Properties Inc. (TSE:KMP) 11.09 -0.04 (-0.36%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.100 0.000 (0.00% Jan. 8).
Louisiana-Pacific Corporation (NYSE:LPX) 15.74 -0.26 (-1.63%).
Nobility Homes Inc. (OTCMKTS:NOBH) 9.40 -0.10 (-1.05% Jan. 22).
Patrick Industries, Inc. (NASDAQ:PATK) 42.26 +0.39 (0.93%).
Skyline Corporation (NYSEMKT:SKY) 4.08 -0.17 (-4.00%).
Sun Communities Inc. (NYSE:SUI) 69.24 +0.44 (0.64%).
Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX)56.33+0.49(0.88%).
UMH Properties, Inc. (NYSE:UMH) 9.64 -0.06 (-0.62%).
Universal Forest Products, Inc. (NASDAQ:UFPI) 50.42 -0.92 (-1.79%).
(Graphic credit: CNNMoney)
Article Submitted by Sandra Lane to – Daily Business News- MHProNews.
