Skyline Rises, Manufactured Housing CV Gains, Broader Markets Mixed
Noteworthy headlines on – CNNMoney – How the U.S. would look under Trump’s budget. Chicago opens a new door to foreign entrepreneurs. Public media is ready to fight budget cuts (again). McDonald’s: Tweet came from “compromised” account.
Some bullets from Fox Business – Trump Admin. on UN cuts: We’re spending less overseas, more at home. Millennials changing their tune on home buying? Trump puts business experience in the Pentagon. Wal-Mart’s E-Commerce business is booming.
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Crude Oil 48.80 –0.06 (-0.12%) Gold 1,226.40 25.70 (2.14%) Silver 17.34 0.42 (2.46%)
The markets at the Closing Bell Today…
S&P 500 2,381.38 –3.88 (-0.16%)
Dow 30 20,934.55 –15.55 (-0.07%)
Nasdaq 5,900.86 0.71 (0.01%)
Russell 2000 1,386.03 3.20 (0.23%)
The MH Industry – Today’s Risers and Sliders
The top two gainers for the day were Skyline Corp. (SKY) and Cavco Industries Inc. (CVCO).
The top two sliders for the day were Nobility Homes Inc. (NOBH) and LCI Industries (LCII).
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.