Dow Gained a Few Points on Wednesday As MHC Values Continued to Decline

jan-21-2015-stock-market

MHCV tracked stocks declined slightly:  -0.85%. Exceptions were: AMG  2.35%, CG 0.66%, and ELS 0.07%.

USA Today tells MHProNews that stocks ended higher Wednesday as traders were encouraged by reports that the European Central Bank was poised to unveil further stimulus measures. The major indexes logged a third straight day of gains.

CNN Money says that the U.S. shale industry may shrink by 30%.  “Be ready for up to one third of the U.S. shale industry to get knocked out,” warns Texan billionaire Ross Perot, Jr. He predicts that crude oil prices could go below $40 per barrel, which would shut down 20% to 30% of the U.S. shale industry as the declining price makes production too expensive.

Marketwatch  adds, “The collapse of crude oil over the last year is one of the biggest asset crashes since the Great Recession, and where there’s crisis, there’s often opportunity. One of the biggest lessons from the financial-market crash half a decade ago was ignoring panic and instead scooping up good assets at fire-sale prices.

Listed below are the closing numbers for today’s stock trading.

Dow              17,554.28          +39.05          (0.22%).

S&P 500        2,032.12         +9.57              (0.47%).

 Nasdaq         4,667.42         +12.57            (0.27%).

The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value: 537.4    Today’s Change: -0.85%

 As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG)  202.43 +4.64 (2.35%).

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 220,895.00   -1,741.00 (-0.78%).

Carlyle Group (NASDAQ:CG)  25.00  +0.17 (0.66%).

Cavco Industries, Inc. (NASDAQ:CVCO) 70.41 -1.65 (-2.29%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.600  0.000 (0.00% Dec. 31).

Drew Industries, Inc. (NYSE:DW) 48.84 -0.11 (-0.22%).

Equity LifeStyle Properties, Inc. (NYSE:ELS)  55.49 +0.04 (0.07%).

Killam Properties Inc. (TSE:KMP) 10.77 +0.09 (0.84%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.100  0.000 (0.00% Jan. 8).

Louisiana-Pacific Corporation (NYSE:LPX) 15.46  -0.28 (-1.78%).

Nobility Homes Inc. (OTCMKTS:NOBH) 9.50 -0.25 (-2.56% Jan. 15).

Patrick Industries, Inc. (NASDAQ:PATK) 40.71  -0.38 (-0.92%).

Skyline Corporation (NYSEMKT:SKY) 3.50  -0.03 (-0.85%).

Sun Communities Inc. (NYSE:SUI) 65.70  -0.43 (-0.65%).

Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX)54.79-0.51(-0.92% Jan. 20).

UMH Properties, Inc. (NYSE:UMH) 9.48  -0.03 (-0.32%).

Universal Forest Products, Inc. (NASDAQ:UFPI) 49.61 -0.38 (-0.76%).

(Graphic credit: CNNMoney)

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Article Submitted by Sandra Lane to – Daily Business News- MHProNews.

 

 

 

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