Noteworthy headlines on CNNMoney – New Balance: We’re not the shoes of white supremacists. U.K. has no Brexit plan according to leaked memo. Yuan hits lows not seen since the financial crisis. Branson and startup unveil supersonic plane.
Some bullets from MarketWatch – Stock market investors turn to small-caps after Trump win. Trump’s 15% corporate rate “certainly doable” says former top House tax writer. Ben Carson’s spokesman explains why the doctor won’t be in Trump’s cabinet. Gold prices log first gain in 7 sessions.
Oil up 5.76%. Gold up 0.50.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,180.39 16.19 (0.75%)
Dow JIA 18,923.06 54.37 (0.29%).
Nasdaq 5,275.62 57.23 (1.10%).
The MH Industry – Today’s Risers and Sliders
The top two gainers for the day were The Carlyle Group LP (CG) and Louisiana-Pacific Corp. (LPX). The top two sliders for today were Skyline Corp. (SKY) and UMH Properties Inc. (UMH). Killam held steady today, as the stock is only being bought/sold periodically. (Notice: ALWAYS look at the date on the Bloomberg chart below, as some stocks aren’t traded daily, etc.).
Recent report on UMH Properties 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.