Noteworthy headlines on CNNMoney – Just how far will Trump go on China and Mexico? DOJ vs. banks: $60B in fines for toxic mortgages. Be “very afraid” about globalization’s next phase. Deutsche Bank strikes $7.2 billion deal with U.S.
Some bullets from MarketWatch – Putin says Democrats lost U.S. election on their own, asserts desire for positive relations with Trump. Tax cuts could offset mortgage-rate spike’s impact on house prices. Tunisian suspect in Berlin market attack killed by police in Milan. Does Wal-Mart have the answer to make America save again?
Oil up 0.34%. Gold up 0.24.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,263.79 2.83 (0.13%)
Dow JIA 19,933.81 14.93 (0.07%).
Nasdaq 5,462.69 15.27 (0.28%).
The MH Industry – Today’s Risers and Sliders
The top two gainers for the day were NorthStar Realty Finance (NRF) and Drew Industries Inc. (DW). The top two sliders for the day were Affiliated Managers Group Inc. (AMG) and Universal Forest Products Inc. (UFPI). Killam and Deer Valley held steady today, as the 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.).
A recent Tricon report, linked here.
A recent UMH report, linked here.
Recent UFPI investor moves, linked here.
Manufactured Housing Composite Value (MHCV) 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.
