Noteworthy headlines on CNNMoney – Top Fed Official: Big banks ‘eroded’ America’s trust. U.S. to Swiss banks: Please let Americans open accounts. Verizon: We’re ‘still evaluating’ Yahoo deal. About 70 million watch final presidential debate.
Some bullets from MarketWatch – Existing-home sales jump higher in September, helped by first-time buyers. Microsoft profit destroys projections, stock jumps. PayPal shares fall slightly after earnings, revenue meet expectations.
Oil down 2.39%. Gold down 0.24.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,141.34 -2.95 (-0.14%)
Dow JIA 18,162.35 -40.27 (-0.22%).
Nasdaq 5,241.83 –4.58 (-0.09%).
The MH Industry – Today’s Risers and Sliders
Top two gainers for the day were Universal Forest Products Inc. (UFPI) and UMH Properties Inc. (UMH.) The top two sliders for the day were Cavco Industries Inc. (CVCO) and Louisiana-Pacific Corp (LPX.) Killam and Deer Valley held steady, as those 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.).
UMH was 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.