Cavco, AMG Lead Manufactured Housing Comp, Another Dow Record

Credit: CNN Money.

Noteworthy headlines on CNNMoney – Why millions may now lose eligibility for overtime pay. Mortgage rates climb above 4% for first time this year. Ivanka Trump’s company: “Our mission is not political.” What about the black working class?

Some bullets from MarketWatch – Caterpillar’s stock leads Dow gainers after peer Deere’s blowout results. Bank of America raises S&P 500 target, but still sees it giving back some gains. T-Mobile’s accounting slammed by investor group in letter to SEC. What Eli Lilly’s hard fall in Alzheimer’s treatment race means for its competitors.

Oil down 0.17%. Gold down 1.84.

Three Major U.S. Market Tickers and closing numbers at the bell today…

S&P 500 2,204.72 1.78 (0.08%)

Dow JIA 19,083.18 59.31 (0.31%).

Nasdaq 5,380.68 -5.67 (-0.11%).

Image credit, Yahoo, posted for the Daily Business News, MHProNews.
Dr. Ben Carson has been named as the Trump Transition Team pick for the next HUD Secretary, along with a diverse group, shown in the photo collage above. For related, click here or the image above.

The MH Industry – Today’s Risers and Sliders

The top two gainers for the day were Cavco Industries Inc. (CVCO) and Affiliated Managers Group Inc. (AMG). The top two sliders for the day were The Carlyle Group (CG) and Skyline Corp. (SKY). Deer Valley 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.).

Manufactured Housing Composite Value Ticker

Credit: Yahoo Finance.

Note: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

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.  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.)

RC Williams, for Daily Business News, MHProNews.

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

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