MHCV Scores Better than Dow; Wages Finally Rise

stock_report_May_4In today’s financial news, hedge fund guru David Einhorn says oil fracking companies are a bad investment because the price of oil has fallen so drastically, from $100 a barrel last summer to under $60 a barrel today. Employee compensation has risen 2.6 percent in the last year, the largest increase since 2008, according to Christine Romans.

The Yahoo Manufactured Housing Composite Value (MHCV) gained +3.10 percent, to close at 656.6, a gain far and above the advance of the Dow Jones. Tracked manufactured housing stocks closed mixed, or even. Louisiana Pacific advanced the most, +2.13 percent, while Skyline declined more than other stocks we follow, -2.30 percent.

While on the Big Board:

The Dow Jones Industrial Average nudged up +0.26 percent, +46.81 points, to end the day at 18,070.40.

The NASDAQ inched up +0.23 percent, +11.54 points, to close at 5,016.93

The S&P 500 also gained, adding +0.29 percent, +6.19 points, to end at 2,114.48.

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $226.79 +0.34 (+0.15%)

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $219,290.00 +3,490.00 (+1.62%)

Carlyle Group (NASDAQ:CG) $31.46 +0.62 (+2.02%).

Cavco Industries, Inc. (NASDAQ:CVCO) $65.92 -0.28 (-0.42%).

Deer Valley Corporation (OTCMKTS:DVLY) $0.65 0.00 (0.00%).

Drew Industries, Inc. (NYSE:DW) $57.52 +0.14 (+0.24%)

Equity LifeStyle Properties, Inc. (NYSE:ELS) $53.34 +0.11 (+0.21%)

Killam Properties Inc. (TSE:KMP) $10.80 +0.02 (+0.19%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.05 0.00 (-0.20%).

Louisiana-Pacific Corporation (NYSE:LPX) $16.30 +0.34 (+2.13%).

Nobility Homes Inc. (OTCMKTS:NOBH) $11.25 0.00 (0.00%).

Patrick Industries, Inc. (NASDAQ:PATK) $60.18 +0.61 (+1.02%).

Skyline Corporation (NYSE:SKY) $3.00 -0.0799 (-2.30%)

Sun Communities Inc. (NYSE:SUI) $62.35 +0.07 (+0.11%)

Third Avenue Value Instl (OTCMKTS:TAVFX) $58.79 +0.19 (+0.32%).

UMH Properties, Inc. (NYSE:UMH) 10.13 -0.01 (-0.10%)

Universal Forest Products, Inc. (NYSE:UFPI) $54.70 -0.54 (-0.98%). ##

(Graphic credit: CNNMoney)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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