Skyline Shakes Slide, Tops MH Risers. Major’s Down, MHCV Up
Noteworthy headlines on CNN Money:
United CEO Oscar Munoz: No one has been fired over passenger incident. Brexit: U.K. election makes a painful breakup more likely. Jared Kushner is still selling off his business assets. French presidential candidate wants a 100% tax on the rich.
Some key bullets from Fox Business:
Trump Promises Tax Reform ‘Soon’ During Buy American, Hire American Push. AOL Co-Founder Steve Case: Trump’s Goal of Buy, Hire American is Right Thing. Gov. Walker: Tax Cuts are the Best Way to Stimulate the Economy. Goldman Sachs, J&J Pull Wall Street Lower. Oil Slides More After U.S. Settlement on API Inventory Report.
9 Key Market Indicators, per Yahoo! Finance.
- S&P 500 2,342.19 –82 (-0.29%)
- Dow JIA 20,523.28 -64 (-0.55%)
- Nasdaq 5,849.47 -32 (-0.12%)
- Crude Oil30 -0.35 (-0.66%)
- Gold 1,290.60 +20 (+0.09%)
- Silver 29 -0.22 (-1.21%)
- EUR/USD073 +0.0084 (+0.78%)
- 10-Yr Bond 179 -0.073 (-3.24%)
- Russell 2000 1,361.89 +71 (+0.05%)
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Manufactured Housing Composite Value
The MH Industry – Today’s Risers and Sliders
Top risers included Skyline and Nobility. Carlyle and AMG lead the sliders.
After yesterday’s dramatic dive, the Bibey Post says about today’s top riser, “Skyline Corporation (NYSEMKT:SKY) is a huge mover today! About 90,893 shares traded or 2.79% up from the average. Skyline Corporation (NYSEMKT:SKY) has declined 47.68% since September 9, 2016 and is downtrending. It has underperformed by 58.08% the S&P500.The move comes after 8 months positive chart setup for the $37.70 million company. It was reported on Apr, 18 by Barchart.com. We have $6.57 PT which if reached, will make NYSEMKT:SKY worth $1.89M more.”
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.)
Submitted by Matthew Silver to the Daily Business News on MHProNews.com.