Drew Advances Modestly; Dow and S&P reach new Historical Highs

stock_report_Sept_18The U. S. is reveling in one of the most lucrative stock market runs in it history, but the recipients of this largesse are primarily white, college-educated individuals who are already well off, leading to discussions of income inequality, especially by those who did not gain. Meanwhile, the Dow Jones Industrial Average closed at a record high of 17,265.99, gaining +109.14 points, +0.64 percent. The Nasdaq advanced +31.24 points, +0.68 percent, to end the day at 4,593.43, while the S&P 500 also reached a new high, moving up +0.49 percent, +9.79 points, to finish at 2,011.36. The Manufactured Housing Composite slipped -1.48 percent to 602.3. Tracked stocks closed mixed, or even, none moving dramatically either way, as CNNMoney reports to MHProNews. Drew Industries (DW), the focus of recent analysts who suggest it is a good investment, advanced the most of stocks we follow, +1.70 percent, +0.79 points, to end the day at $47.28; while Equity LifeStyle Properties (ELS) slipped more than other stocks we cover, -1.42 percent, -0.62 points, to close at $42.91. Affiliated Managers Group, Inc (AMG) $209.50 +2.56 (+1.24%). Berkshire Hathaway (BRKA) –parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $212,075.00 +3,075.00 (+1.47%). Deer Valley Corp. $0.95 0.00 (0.00%). Killam Properties (KMP.TO) $10.49 +0.07 (+0.67%). Liberty Homes $1.00 0.00 (0.00%). Louisiana Pacific Corp. (LPX) $14.83 +0.01 (+0.07%). Nobility Homes (NOBH) $10.65 0.00 (0.00%). Patrick Industries (PATK) $42.13 +0.19 (+0.45%). Skyline Corp. 2.70 0.00 (0.00%). Sun Communities, Inc. (SUI) $52.20 -0.25 (-0.48%). Third Avenue Value Fund (TAVFX) (Sept. 17) $62.11 -0.05 (-0.08%). UMH Properties, Inc. (UMH) $9.62 -0.12 (-1.23%). Universal Forest Products, Inc (UFPI) 45.80 -0.10 (-0.20%). ##

(Graphic credit: CNNMoney and RealTick)

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