Breaking news – President-elect Donald Trump has announced that Sprint will be bringing thousands of jobs – about 5000 – back to the United States. A new company – OneWeb is hiring 3,000 people – the president-elect announced at a news conference minutes after 5 PM ET.
Noteworthy headlines on CNNMoney –Trump’s tariffs vs. tax reform. Trade war is Wall Street’s top Trump fear. The big economies that suffered in 2016. Airbus superjumbo woes mount.
Noteworthy headlines on MarketWatch – 2017 is going to be the year gold drops below $1,000. Smooth transition? Trump and Obama trade barbs as tensions grow. All of the important Dow milestones in one chart (see below).
Gold = 1,143.30 4.50 0.40
Oil = 53.72 -0.18 -0.33
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 = 2,249.92 -18.96 (-0.84%).
Dow JIA = 19,833.68 -111.36 (-0.56%).
Nasdaq = 5,438.56 -48.89 (-0.89%).
The MH Industry – Today’s Risers and Sliders
The top two gainers for the day were Sun Communities (SUN) and Equity LifeStyle Properties (ELS). The top two sliders for the day were Skyline (SKY) and Louisiana Pacific (LPX). Killam and Deer Valley held steady today, as the 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.).
A recent Sun report, linked here.
A recent AMG report, linked here.
A recent Tricon report, linked here.
A recent UMH report, linked here.
Recent UFPI investor moves, linked here.
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.