Patrick and LP lead, IL Yanking Billions from Wells Fargo, Markets Dip

Credit: CNN Money

Noteworthy headlines on CNNMoney – Clinton slams Wells Fargo for “bullying” workers. What to expect at Google’s big event.

Some bullets from MarketWatch – Disney remains center of merger talk… this time it’s Netflix. Two Fed GDP trackers show economic growth wilting. Trump Foundation ordered to stop fundraising in New York. How an arrogant Deutsche Bank fell to such a low point.

Oil up 0.88%, Gold down 0.18.

Three Major U.S. Market Tickers and closing numbers at the bell today…

S&P 500 2,161.20 -7.07 (-0.33%)

Dow JIA 18,253.85 -54.30 (-0.30%).

Nasdaq 5,300.87 -11.13 (-0.21%).

Image credit, Yahoo, posted for the Daily Business News, MHProNews.

The MH Industry – Today’s Risers and Sliders

Top two gainers for the day were Patrick Industries (PATK) and Louisiana-Pacific Corp. (LPX). The top two sliders for the day were Skyline Corp. (SKY) and Equity LifeStyle Properties. (ELS). 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.).

ELS spotlighted in the new report linked here.

Skyline spotlighted in the new report linked here.

Manufactured Housing Composite Value Ticker

Credit: Yahoo Finance

Note: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

Credit: Bloomberg


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.)

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

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