Noteworthy headlines on – CNNMoney – Western media accused of spreading “fake news”. Fed leaders expect next rate hike “fairly soon”. Verizon to test 5G in 11 cities. Company says employee is missing with $100M.
Some bullets from Fox Business – Dow sets longest record streak since ’87 as investors see little risk to rally. Americans saying adios to trips to Cuba? Oil drops on worries of swelling U.S. stockpiles. Americans losing battle between savings, debt.
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Key Commodities
Crude Oil 53.54 –0.79 (-1.45%) Gold 1,239.20 0.30 (0.02%) Silver 18.01 0.01 (0.08%)
The markets at the Closing Bell Today…
S&P 500 2,362.82 –2.56 (-0.11%)
Dow 30 20,775.60 32.60 (0.16%)
Nasdaq 5,860.63 –5.32 (-0.09%)
Russell 2000 1,403.86 –6.49 (-0.46%)
The MH Industry – Today’s Risers and Sliders
The top two gainers for the day were Patrick Industries Inc. (PATK) and LCI Industries (LCI).
The top two sliders for the day were Louisiana-Pacific Corp. (LPX) and Affiliated Managers Group Inc. (AMG).
Manufactured Housing Composite Value (MHCV) Ticker
NOTE: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.
NOTE: Drew has changed their name and trading symbol at the end of 2016 to Lippert (LCII).
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, 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.
