Tricon Capital Roars, Skyline Update, Retail Worries Spark Market Slide

Dailymarketwrap5112017dowjonesindustrialaveragecreditcnnmoney-manufacturedhousingindustrymarketsreportdailybusinessnewsmhpronewsNoteworthy headlines on – CNNMoney – U.S. laptop ban could hit 350 flights a day. Microsoft unveils big Windows update. Sears CEO: “We don’t need more customers.” Tennessee makes community college free for all adults.

Some bullets from Fox Business Aetna’s Obamacare Exit may trigger domino effect as deadline looms. Putin will use the firing of Comey to his advantage: Garry Kasparov. Wall Street slides as investors fret about retail. Oil gains on more support for OPEC cuts, optimism about U.S. crude draw.

9 Key Market Indicators, per Yahoo! Finance.

  • S&P 500 2,394.44 -5.19 (-0.22%)
  • Dow JIA 20,20,191.42 -23.69 (-0.16%)
  • Nasdaq 6,115.96 -13.18 (-0.22%)

 

  • Crude Oil 47.82 0.49 (1.04%)
  • Gold 1,225.00 6.10 (0.50%)
  • Silver 16.33 0.12 (0.73%)

 

  • EUR/USD 1.086 -0.0008 (-0.07%)
  • 10-Yr Bond 2.40 -0.014 (-0.58%)
  • Russell 2000 1,390.20 -9.39 (-0.67%)

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Manufactured Housing Composite Value (MHCV) Ticker

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The MH Industry – Today’s Risers and Sliders

Top risers included the Carlyle Group and Tricon Capital Group. Louisiana-Pacific and Sun Communities led the sliders today.

MHProNewsManufacturedHousingIndustryConnectedStockMarketReportSpotlightStock Spotlight Report

Skyline ended the day up slightly, but has seen massive volatility, including an 11 percent dip at yesterday’s close. According to WSNews4Investors, the Relative Strength Index (RSI) for Skyline stock shows indications of “overbought” conditions and a bearish outlook.

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, and when provided by third parties, are shared under fair use guidelines.)

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

 

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