Patrick Industries Leads Up Day For Manufactured Housing CV, Broader Markets Rise

Credit: CNN Money.

Noteworthy headlines on CNNMoney – Mexico pulls trigger on Trump “contingency plan.” JPMorgan fined for hiring kids of China’s elite. Wells Fargo account openings plunge 44% (DBN coverage of Wells Fargo here). Tesla shareholders approve Solar City merger.

Some bullets from MarketWatch – U.S. stocks end higher after strong data, Yellen testimony. USPS losses widen to $5.6 billion this year. Apple supplier Foxconn reportedly considering moving iPhone production to America. First criminal charges in Valeant investigation nab former exec, Philidor CEO.

Oil down 1.19%. Gold down 0.64.

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

S&P 500 2,187.12 10.18 (0.47%)

Dow JIA 18,903.82 35.68 (0.19%).

Nasdaq 5,333.97 39.39 (0.74%).

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

The MH Industry – Today’s Risers and Sliders

The top two gainers for the day were Patrick Industries Inc. (PATK) and Louisiana-Pacific Corp. (LPX). The top two sliders for today were Equity LifeStyle Properties Inc. (ELS) and Sun Communities Inc. (SUI). Deer Valley 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

Credit: Yahoo Finance.

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

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

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.)

RC Williams, for Daily Business News, MHProNews.

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

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