Noteworthy headlines on CNNMoney: Janet Yellen fires back at Donald Trump – the Fed is not political! Does Warren Buffet have a new favorite bank? No rate hike from the Fed, dials back forecast. Star investor charged with insider trading.
Some bullets from MarketWatch – Apple reportedly in talks to buy luxury car maker McLaren. Mylan CEO grilled on the Hill. Hedge-fund manager warns of biggest market correction since 2008. Dollar hits lowest in a month versus yen.
Gold and Oil were both up over 1% for the day.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,163.12 23.36 (1.09%).
Dow JIA 18,293.70 163.74 (0.90%).
Nasdaq 5,295.18 53.83 (1.03%).
The MH Industry – Today’s Risers and Sliders
The sole slider in the Bloomberg report below was Cavco, that dropped only a fraction. The top two gainers for the day were: UFPI – Universal Forest Products Inc. – and ELS – Equity LifeStyle Properties Inc. Killam and Deer Valley Home Builders both held steady, as these stocks are only being bought/sold periodically (ALWAYS look at the date on the Bloomberg report, it’s the 2nd chart below).
Note RC William’s recent Nobility Homes quarterly report, link. Also, yesterday’s hot one – Another International Company Buying into U.S. Manufactured Home Communities. Wells Fargo – connected with BH, see the report linked here. Killam spotlighted, in the report linked here.
Note: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above. Note that Deer Valley and Killam only trade periodically, and Bloomberg reports the last day that stock was traded. The TAVFX is result is reported for the prior trading day.
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.)
MH Industry Market Report by RC Williams to the Daily Business News for MHProNews.