Some noteworthy headlines on CNNMoney: U.S. opens investigation into Wells Fargo scandal.
Lucky number 7! Apple’s stock is soaring. Ford moving all small car production to Mexico.
Some bullets from MarketWatch – Why Wells Fargo isn’t likely to claw back compensation from top executive. Feds reportedly investigating Wells Fargo’s sales practices. Wells Fargo’s stock extends slide; Warren Buffett could be losing $2 billion this month. Libertarian ticket’s No. 2 Bill Weld explains why he’d balance budgets immediately.
Gold and Oil were both up on the day. At the closing bell…
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,125.77 -1.25 (-0.06%).
Dow JIA 18,034.77 -31.98 (-0.18%).
Nasdaq 5,173.77 18.52 (0.36%).
The MH Industry – Todays Risers and Sliders
The top two sliders for the day were LPX:US – Louisiana-Pacific Corp – and AMG:US Affiliated Managers Group Inc. The top two gainers for the day were: PATK:US – Patrick Industries Inc – and CG:US Carlyle Group LP/The. Killam and Deer Valley held steady, as those stocks are only being bought/sold periodically (ALWAYS look at the date on the Bloomberg chart below). Please note the newest report on SUN Communities – see RC Williams 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.)
MH Industry Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.