Noteworthy headlines on CNNMoney – FUBU CEO Stop and Frisked “Maybe 20 Times. U.S.: Wells Fargo Mistreated Military Members. WSJ Columnist Calls Trump “Unstable.” Why The Federal Reserve Isn’t Political.
From WSJ: Ghost of Lehman Brothers Haunts Deutsche Bank.
Some bullets from MarketWatch – ‘Housing party’ in the U.S. may be coming to an end. Share of mortgages going to blacks has tumbled nearly 40% from the peak. U.S. stocks forge higher as Deutsche Bank worries taper. Commodities on track for first yearly gain since 2010.
Oil up 0.33%, Gold down 0.41.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,168.27 17.14 (0.80%)
Dow JIA 18,308.15 164.70 (0.91%).
Nasdaq 5,312.00 42.85 (0.81%).
The MH Industry – Today’s Risers and Sliders
Top two gainers for the day were Skyline Corp (SKY) and Affiliated Managers Group Inc. (AMG). The top two sliders for the day were Patrick Industries (PATK) and Sun Communities Inc. (SUI). Killam and Deer Valley held steady, as those 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.).
ELS spotlighted in the new report linked here.
Skyline spotlighted in the new report linked here.
Manufactured Housing Composite Value 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, MHProNews.
