Noteworthy headlines on CNNMoney – SEC chair to leave before Trump takes office. Warren Buffett makes a bet on U.S. airlines. Tiny home living is having a moment. What you need to know about Steve Bannon.
Some bullets from MarketWatch – India, not Trump, is the real reason behind the crash in gold prices. Donald Trump, Vladimir Putin speak by phone. Wal-Mart earnings: investments could put pressure on results. Estee Lauder to buy Too Faced for $1.45B looks to win with millennials.
Oil up 0.50%. Gold down 0.02.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,164.20 –0.25 (-0.01%)
Dow JIA 18,868.69 21.03 (0.11%).
Nasdaq 5,218.40 –18.72 (-0.36%).
The MH Industry – Today’s Risers and Sliders
The top two gainers for the day were Universal Forest Products Inc. (UFPI) and Drew Industries Inc. (DW). The top two sliders for today were Cavco Industries, Inc. (CVCO) and NorthStar Reality Finance Corp. (NRF). 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.).
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.