Noteworthy headlines on CNNMoney – Wells Fargo reputation is tanking, survey finds. Wall Street not a fan of AT&T-Time Warner deal. TD Ameritrade buying rival Scottrade for $4 billion. NYT buying a new revenue stream, The Wirecutter.
Some bullets from MarketWatch – Goldman Sachs just cut its S&P 500 earnings outlook for 2016 and 2017. 5 things OPEC needs to do to reach an oil output pact. Dow, S&P 500 climb, lifted by surge in mergers.
Oil down 0.69%. Gold down 0.24.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,151.33 10.17 (0.47%)
Dow JIA 18,223.03 77.32 (0.43%).
Nasdaq 5,309.83 52.43 (1.00%).
The MH Industry – Today’s Risers and Sliders
Top two gainers for the day were The Carlyle Group, LP (CG) and Drew Industries Inc. (DW). The top two sliders for the day were Louisiana-Pacific Corp. (LPX) 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.