Noteworthy headlines on – CNNMoney – California could be nation’s first sanctuary state. Fox News powerhouse Roger Ailes dies at 77. FCC votes to move forward with net neutrality rollback. Trump pulls trigger for NAFTA talks.
Some bullets from Fox Business – Democrats increase calls on Trump administration to guarantee middle class tax relief. U.S. FCC votes 2-1 to advance repeal of Obama-era internet rules. Dunkin’ Donuts vs. Starbucks: drink wars raging. Warren hammers Mnuchin on Glass-Steagall: “This Is Crazy.”
9 key market indicators, per Yahoo! Finance.
- S&P 500 2,365.72 8.69 (0.37%)
- Dow JIA 20,663.02 59.09 (0.27%)
- Nasdaq 6,055.13 43.89 (0.73%)
- Crude Oil 49.33 0.26 (0.53%)
- Gold 1,246.10 -12.60 (-1.00%)
- Silver 16.57 -0.34 (-2.02%)
- EUR/USD 1.1103 -0.0063 (-0.57%)
- 10-Yr Bond 2.223 0.017 (0.77%)
- Russell 2000 1,361.08 5.19 (0.38%)
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Manufactured Housing Composite Value (MHCV) Ticker
The MH Industry – Today’s Risers and Sliders
Top risers included Equity LifeStyle Properties and Sun Communities Inc. The Carlyle Group and Skyline led the sliders today.
While the broader markets and MHCV saw gains today, the rollercoaster ride for Skyline continued, with the stock down over 5 percent ending the day at $5.45. The high for stock over the last 12 months was on December 8th, when Skyline traded at $16.46 per share. Skyline is down 50.9 percent over the last 3 months and 49.1 percent since December 2016.
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 has 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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