Bullets from CNNMoney – Is the unemployment rate too low? 400 coal mining jobs created in May. The bond market is nervous about jobs. Malls are doomed: 25% will be gone in 5 years
Updates per Fox Business – Tech leads Wall St higher. U.S. stocks closed at record levels for a second consecutive session on Friday, as gains in technology and industrial stocks more than offset a lukewarm jobs report. US adds 138K jobs in May as jobless rate falls. Jobs report should inspire Congress to get to work: Budget Director Mulvaney. Trump’s move to exit Paris climate pact hits oil. EPA Chief Pruitt: Trump put America’s interests first.
9 Market Indicators
S&P 500 2,439.07 +9.01 (+0.37%)
Dow JIA 21,206.29 +62.11 (+0.29%)
Nasdaq 6,305.80 +58.97 (+0.94%)
Crude Oil 47.82 -0.54 (-1.12%)
Gold 1,281.50 +11.40 (+0.90%)
Silver 17.52 +0.24 (+1.38%)
EUR/USD 1.1284 +0.0069 (+0.62%)
10-Yr Bond 2.159 -0.058 (-2.62%)
Russell 2000 1,405.39 +9.33 (+0.67%)
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Today’s Big Movers
Skyline and UMH were the big gainers on the day. Carlyle and LPX slid less than a point each.
Today’s MH Market Spotlight Report
Per Chaffey Breeze, “Robotti Robert decreased its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 13.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,160 shares of the construction company’s stock after selling 22,563 shares during the period. Cavco Industries makes up 5.2% of Robotti Robert’s portfolio, making the stock its 5th largest position. Robotti Robert owned about 1.67% of Cavco Industries worth $17,479,000 at the end of the most recent reporting period.”
NOTE: Drew changed its 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.
ICYMI – Today’s post election snapshot report, Manufactured Housing Industry, Markets, Wall Street Reacts to Trumponomics, 1 Year Data Snapshot is at this link here. ##
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