Patrick Up, Manufactured Housing CV Down, Broader Markets Mixed

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Credit: CNN Money.

Noteworthy headlines on – CNNMoney – Western media accused of spreading “fake news”. Fed leaders expect next rate hike “fairly soon”. Verizon to test 5G in 11 cities. Company says employee is missing with $100M.

Some bullets from Fox Business Dow sets longest record streak since ’87 as investors see little risk to rally. Americans saying adios to trips to Cuba? Oil drops on worries of swelling U.S. stockpiles. Americans losing battle between savings, debt.

 

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Key Commodities

Crude Oil 53.54 –0.79 (-1.45%) Gold 1,239.20 0.30 (0.02%) Silver 18.01 0.01 (0.08%)

 

The markets at the Closing Bell Today…

S&P 500 2,362.82 –2.56 (-0.11%)

Dow 30 20,775.60 32.60 (0.16%)

Nasdaq 5,860.63 –5.32 (-0.09%)

Russell 2000 1,403.86 –6.49 (-0.46%)

 

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Image credit, Yahoo, posted for the Daily Business News, MHProNews.

 

The MH Industry – Today’s Risers and Sliders 

The top two gainers for the day were Patrick Industries Inc. (PATK) and LCI Industries (LCI).

The top two sliders for the day were Louisiana-Pacific Corp. (LPX) and Affiliated Managers Group Inc. (AMG).

 

Manufactured Housing Composite Value (MHCV) Ticker

dailymarketwrap2222017yahoomanufacturedhousingcompositevaluemanufacturedhousingindustrydailybusinessnews-mhpronews
Credit: Yahoo Finance.

 

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).

 

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Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

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. ##

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews
RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

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