Starting today, we are adding a few additions to the Manufactured Housing Industry’s first and still only business daily market report – which covers manufactured home connected stocks – as well as a snapshot of the broader market summaries.
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Noteworthy headlines on CNNMoney – Ford cancels Mexico plant. Obama got tough on China – It cost U.S. jobs. NY gov. proposes free tuition at state colleges. What Obamacare could be replaced with. Stocks storm into 2017 as Trump rally resumes.
Noteworthy headlines on MarketWatch – Stocks kick off 2017 on positive note but close off highs as oil skids. Treasury yields lose ground as oil starts 2017 with a whimper. Is the stock market overpriced? Assange: Russians not involved, Obama’s White House is trying to delegitimize Trump.
Crude Oil 53.46 –1.20 (-2.20%) Gold 1,159.10 7.40 (0.64%) Silver 16.33 0.35 (2.16%)
The markets at the Closing Bell…
S&P 500 2,257.83 19.00 (0.85%)
Dow 30 19,881.76 119.16 (0.60%)
Nasdaq 5,429.08 45.97 (0.85%)
Russell 2000 1,365.49 8.36 (0.62%)
The MH Industry – Today’s Risers and Sliders
The top two gainers for the day were Nobility Homes (NOBH) and Deer Valley (DVLY).
The top two sliders for the day were Skyline Homes (SKY) and Equity LifeStyle Properties (ELS).
A recent, more in-depth report on Nobility Homes is linked here.
A closer look report on Deer Valley Homebuilders is planned for tomorrow.
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 Soheyla Kovach to the Daily Business News for MHProNews.