Noteworthy headlines on CNNMoney – Housing bubble fears have returned. Verizon exec on Yahoo deal: “We have to be careful.” Chipotle falls 9% as recovery efforts fail to impress. Southwest Airlines stock plunges on lower fares.
Some bullets from MarketWatch – “High pressure economy” may punish both stocks and bonds in 2017. Lowe’s stock hit by downgrades after string of weak earnings from suppliers. Dollar climbs against Mexican peso, Russian ruble as oil sinks. Oil price notches 3-week low as anxieties about output pact take hold.
Oil down 1.62%. Gold down 0.51.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,139.43 -3.73 (-0.17%)
Dow JIA 18,199.33 30.06 (0.17%).
Nasdaq 5,250.27 –33.13 (-0.63%).
The MH Industry – Today’s Risers and Sliders
Top two gainers for the day were The Carlyle Group LP (CG) and Cavco Industries Inc. (CVCO). The top two sliders for the day were Universal Forest Products Inc. (UFPI) and Skyline Corp. (SKY). 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.).
Skyline spotlighted in a 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 for MHProNews.