Noteworthy headlines on CNNMoney – Comcast hit with FCC’s biggest cable fine ever. Nobody wants to host the Olympic games. Appeals court hits Consumer Financial Protection Bureau.
Some bullets from MarketWatch – The stock market’s ugly nose dive. Oil prices pull back after IEA reports a jump in OPEC output. Alcoa stock slammed as earnings ‘disaster’ as season gets off on the back foot.
Oil down 1.14%. Gold down 0.45.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,136.73 -26.93 (-1.24%)
Dow JIA 18,128.66 -200.38 (-1.09%).
Nasdaq 5,246.79 –81.89 (-1.54%).
The MH Industry – Today’s Risers and Sliders
Top gainer for the day is Sun Communities Inc. (SUI). The top two sliders for the day were Skyline Corp. (SKY) and Universal Forest Products Inc. (UFPI). 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 new report, linked here.
Sun Communities spotlighted in a new 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.