Noteworthy headlines on CNNMoney – Donna Brazlie out at CNN. Mexico posts worst growth in two years. GE bets on oil with Baker Hughes deal. Britain’s new pound coin won’t fit into vending machines.
Some bullets from MarketWatch – S&P 500, Dow book third straight monthly loss. Fed expected to tee up December interest-rate hike. Lumber Liquidators shares plunge about 6% after company posts bigger-than-expected loss. Macy’s sells five stores to General Growth Properties for $46 million.
Oil down 4.09%. Gold up 0.16.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2126.15 -0.26 (-0.01%)
Dow JIA 18,142.42 –18.77 (-0.10%).
Nasdaq 5,189.13 –0.97 (-0.02%).
The MH Industry – Today’s Risers and Sliders
Top two gainers for the day were Louisiana-Pacific Corp (LPX) and Equity LifeStyle Properties (ELS). The top two sliders for the day were Affiliated Managers Group Inc. (AMG) and The Carlyle Group LP (CG). Killam held steady, 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
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.