Noteworthy headlines on CNNMoney – Rolling Stone found liable for defamation. Why a lot of people are moving out of California. Cash is still king for Americans. U.S. unemployment falls to 4.9%.
Some bullets from MarketWatch – U.S. stocks close lower for ninth time, in worst run since 1980. Why this ‘bull market’ is really a myth. Taco Bell to add 100,000 U.S. jobs by 2022. How employers could stop illegal immigration in seconds.
Oil down 1.30%. Gold up 0.17.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,085.18 -3.48 (-0.17%)
Dow JIA 17,888.28 –42.39 (-0.24%).
Nasdaq 5,046.37 –12.04 (-0.24%).
The MH Industry – Today’s Risers and Sliders
The top two gainers for the day were Drew Industries Inc. (DW) and Northstar Realty Finance Corp. (NRF). The top two sliders for the day were Equity LifeStyle Properties Inc. (ELS) and Affiliated Managers Group Inc. (AMG). 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.).
Drew Industries featured in a report 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.