Wells Fargo’s CEO, John G. Stumpf, has been called by Warren Buffett about recent events, according to Fox Business.
Noteworthy headlines on CNNMoney – Wells Fargo worker retaliation claims rile up Congress. Lawmakers: Wells Fargo a ‘criminal enterprise’ like Enron. U.S. warns Samsung washing machine owners after explosion reports. The worker shortage facing America’s farmers.
Some bullets from MarketWatch – Deutsche Bank crisis threatens to roil global markets. What should you do if Trump is right about a bond bubble? OPEC has a terrible record adhering to quotas, oil analysts say.
Oil up 1.3%. Gold down 0.01.
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 2,151.13 -20.24 (0.93%)
Dow JIA 18,143.45 -195.79 (-1.07%).
Nasdaq 5,269.15 -49.39 (-0.93%).
The MH Industry – Today’s Risers and Sliders
Top two gainers reported for the day were Third Avenue Value Fund (TAVFX) and Skyline Corp (SKY). The top two sliders for the day were Drew Industries (DW) and Universal Forest Products Inc. (UFPI). 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.).
ELS spotlighted in the new report linked here.
Skyline spotlighted in the new 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, MHProNews.