Some bullets from Fox Business: Which state sends most taxes to D.C. Hint: It’s not a state. Facebook violence may dominate Zuckerberg’s Development Conference. Stocks rebound as investors bargain hunt, focus on tax reform. Burger King debuts Whopper ad that triggers Google Home devices.
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Key Commodities
Crude Oil $52.75 +0.10 +0.19% Gold $1286.30 -.5.60 -0.43% Silver $18.41 -0.104 -0.56%
The Markets at the Closing Bell Today…
S&P 500 2,349.01 +20.06 (+0.86%)
Dow 30 20,636.92 +183.67 (+0.90%)
Nasdaq 5,856.79 +51.64 (+0.89%)
Russell 2000 1,361.18 +15.94 (+1.18%)
Image credits, Yahoo, posted for the Daily Business News, MHProNews.
Manufactured Housing Composite Value (MHCV) Ticker
The MH Industry – Today’s Risers and Sliders
The manufactured housing industry’s market leaders today were Patrick and LPX. Skyline took a serious dive today, as talk of a buyout by another producer heats up. Per Indiana Business, “Elkhart-based Skyline Corp. is reporting a fiscal third quarter net loss of $2.4 million, compared to a net loss of $520,000 during the same period the previous year. Chief Executive Officer Richard Florea says the closure of two underperforming facilities will allow the company to focus on improving profitability.” The company has recently closed two plants, with the Mansfield, Texas being sold to Michigan-based Champion Home Builders, Inc.
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. 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.)
