Noteworthy headlines on CNNMoney – Top Fed official “very concerned” about U.S. economy. U.S. dollar zooms to 7-month high. Is “Trump TV” in the works? Target removes clown masks from stores.
Some bullets from MarketWatch – Visa shares decline as CEO Scharf resigns. IBM earnings, revenue beat expectations. Big day for Bank of America. Facebook is live streaming the battle for Mosul.
Oil down 0.85%. Gold up 0.01.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,126.50 -6.48 (-0.30%)
Dow JIA 18,086.40 -51.98 (-0.29%).
Nasdaq 5,199.82 -14.34 (-0.27%).
The MH Industry – Today’s Risers and Sliders
Top two gainers for the day were NorthStar Realty Finance (NRF) and Patrick Industries Inc. (PATK). The top two sliders for the day were Carlyle Group LP (CG) 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.).
AMG spotlighted in a report linked here.
Patrick spotlighted in a 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.