Skyline Soars, Manufactured Housing CV Up, Broader Markets Mixed
Noteworthy headlines on – CNNMoney – Trump says he may want a 0 percent tax rate. David Rockefeller, banker and philanthropist, dies at 101. Wells Fargo credit card applications plunge 55 percent. Deutsche Bank cuts bonuses by 77 percent after rough 2016.
Some bullets from Fox Business – Trump’s Supreme Court pick Gorsuch faces questions on these key issues. Amazon’s clothing success could doom department stores and malls. Uber’s President quits: Are IPO plans toast? Costco sues Titleist in battle over golf balls.
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Crude Oil 48.19 –0.59 (-1.21%) Gold 1,233.80 3.60 (0.29%) Silver 17.43 0.02 (0.13%)
The markets at the Closing Bell Today…
S&P 500 2,373.47 –4.78 (-0.20%)
Dow 30 20,905.86 –8.76 (-0.04%)
Nasdaq 5,901.53 0.53 (0.01%)
Russell 2000 1,384.10 –7.43 (-0.53%)
The MH Industry – Today’s Risers and Sliders
The top two gainers for the day were Skyline Corp. (SKY) and Tricon Capital Group Inc. (TCN).
The top two sliders for the day were the UMH Properties Inc. (UMH) 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.