Noteworthy headlines on CNNMoney – CA Punishes Wells Fargo with Sweeping Sanctions. OPEC Cuts Production, Oil Surges – 35% of Student Loan Defaults From For-Profit College Students.
Some bullets from MarketWatch – City-by-city look as house-price gains slow. White House calls Congress veto of 9/11 bill ’embarrassing’. China’s richest man warns of ‘the biggest bubble in history [sound familiar?].’ What Goldman is telling clients to do ahead of the U.S. election.
Oil up over 5%, Gold down 0.41.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,171.37 11.44 (0.53%)
Dow JIA 18,339.24 110.94 (0.61%).
Nasdaq 5,318.55 12.84 (0.24%).
The MH Industry – Today’s Risers and Sliders
Top two gainers for the day were NorthStar Realty Finance (NRF) and Carlyle Group LP (CG). The top two sliders for the day were Sun Communities (SUI) and UMH Properties (UMH). 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 the 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, MHProNews.