Noteworthy headlines on CNNMoney – Wall Street welcomes Trump with a bang. Tech founders want California to secede. Market for legal pot could pass $20 billion. Wall Street traders boo Hillary Clinton; chant “Lock her up!”
Some bullets from MarketWatch – Dow pivots more than 250 points higher after Trump presidential win. 6 reasons to think twice before moving to Canada. Shake Shack shares surge on improved outlook.
Oil up 0.78%. Gold up 0.18.
It is worth noting that a number of conventional builders sank, while Skyline, factory builders and the MHCV rose on the news of the Donald Trump win, as the true meaning of the president-elect’s pro-growth economic plan begins to sink in.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,163.26 23.70 (1.11%)
Dow JIA 18,589.69 256.95 (1.40%).
Nasdaq 5,251.07 57.58 (1.11%).
The MH Industry – Today’s Risers and Sliders
The top two gainers for the day were Skyline Corp. (SKY) and Affiliated Managers Group Inc. (AMG). The top two sliders for today were Equity LifeStyle Properties (ELS) and Northstar Realty Finance Inc. (NRF). Killam and Deer Valley held steady, as these 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.).
Skyline spotlighted in a 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 above.)
Submitted by RC Williams to the Daily Business News for MHProNews.