$SKY
Skyline Champion Corp
PRICE
$53.63 -
Extented Hours
VOLUME
413,194
DAY RANGE
52.54 - 55.83
52 WEEK
41 - 85.92
Join Discuss about SKY with like-minded investors
@trademaster #TradeHouses
By Wayne Cole SYDNEY (Reuters) - Asian share markets stumbled on Monday and oil prices slid after shockingly weak data from China underlined the deep damage lockdowns are doing to the world's second-largest economy. China's April retail sales plunged 11.1% on the year, almost twice the fall forecast, while industrial output dropped 2.9% when analysts had looked for a slight increase. "The data paint a picture of a stalling economy and one in need of more aggressive stimulus and a rapid easing of COVID restrictions, neither of which are likely to be forthcoming anytime soon," said Mitul Kotecha, head of emerging markets strategy at TD Securities. "China's weaker growth trajectory will add to pressure on its markets and fuel a further worsening in global economic prospects, weighing on risk assets. We expect further CNY depreciation." In Europe, EUROSTOXX 50 and FTSE futures both eased 0.3%. S&P 500 stock futures lost early gains to drop 0.6%, while Nasdaq futures fell 0.5%. Both are far from last year's highs, with the S&P having fallen for six straight weeks. China's central bank had also disappointed those hoping for a rate easing, though on Sunday Beijing did allow a further cut in mortgage loan interest rates for some home buyers. Monday's data overshadowed news that Shanghai aimed to reopen broadly and allow normal life to resume from June 1. Chinese blue chips shed 0.8% in reaction, while commodity currencies took a knock led by the Australian dollar which is often used as a liquid proxy for the yuan. MSCI's broadest index of Asia-Pacific shares outside Japan lost early gains to stand flat, following a slide of 2.7% last week, when it hit a two-year low. Japan's Nikkei clung to gains of 0.5%, having lost 2.1% last week even as a weak yen offered some support to exporters. Sky-high inflation and rising interest rates drove U.S. consumer confidence sink to an 11-year low in early May and raised the stakes for April retail sales due on Tuesday. DOWNGRADING GROWTH A hyper-hawkish Federal Reserve has driven a sharp tightening in financial conditions, which led Goldman Sachs (NYSE:GS) to cut its 2022 GDP growth forecast to 2.4%, from 2.6%. Growth in 2023 is now seen at 1.6% on an annual basis, down from 2.2%. "Our financial conditions index has tightened by over 100 basis points, which should create a drag on GDP growth of about 1pp," said Goldman Sachs economist Jan Hatzius. "We expect that the recent tightening in financial conditions will persist, in part because we think the Fed will deliver on what is priced." Futures imply 50 basis-point hikes in both June and July and rates between 2.5-3.0% by year end, from the current 0.75-1.0%. Fears that the tightening will lead to recession spurred a rally in bonds last week, which saw 10-year yields drop 21 basis points from peaks of 3.20%. Early Monday, yields were easing again to reach 2.91%. The pullback saw the dollar come off a two-decade top, though not by much. The dollar index was last at 104.560, and within spitting distance of the 105.010 peak. The euro stood at $1.0403, having got as low as $1.0348 last week. The dollar did lose ground on the yen, which seemed to get a safe-haven bid in the wake of the China data, slipping to 129.02 yen. In cryptocurrencies, Bitcoin was last up 2% at $30,354, having touched its lowest since December 2020 last week following the collapse of TerraUSD, a so-called stablecoin. In commodity markets, gold was pressured by high yields and a strong dollar and was last at $1,809 an ounce having shed 3.8% last week. Oil prices reversed course as the dire Chinese data rekindled worries about demand. Brent lost $2.31 to $109.24, while U.S. crude shed $2.14 to $108.35.
88 Replies 6 ๐ 12 ๐ฅ
@NoobBot #Crypto4Noobs
Bitcoin to the sky: Emirates to accept BTC payments and launch NFT collectibles https://cointelegraph.com/news/bitcoin-to-the-sky-emirates-to-accept-btc-payments-and-launch-nft-collectibles
108 Replies 13 ๐ 14 ๐ฅ
@trademaster #TradeHouses
By Alun John HONG KONG (Reuters) - Asian shares were set for their best day in six weeks on Friday led by Chinese tech stocks after reports of a possible resolution to the Sino-U.S. audit dispute, giving investors much needed respite from worries of a global economic slowdown. Still, a key regional share index was set for its worst month in nine as the Ukraine war and expectations for aggressive U.S. rate hikes in coming months have added to the anxieties, propelling the safe-haven dollar to near 20-year peaks. Hong Kong listed tech stocks rose as much as 10% on Friday as trading resumed after the lunchtime pause. Ecommerce players JD (NASDAQ:JD).com and Alibaba (NYSE:BABA) each rose as much as 15% and Meituan gained around 12%. All three are listed in both the U.S. and Hong Kong bourses. They and their peers' stock prices had been affected by U.S. moves to delist Chinese companies because Beijing restricted the U.S. audit regulator's access to their audit documents. Reports on Friday that a resolution to the dispute was in sight had driven the sharp gains, said Steven Leung executive director of institutional sales at brokerage UOB Kay Hian in Hong Kong. The gains from Chinese index heavyweights sent MSCI's broadest index of Asia-Pacific shares outside Japan 1.9% higher, which would be its best day since March 17. Also helping was the Politburo, the top decision-making body of China's Communist Party, saying China will step up policy support to stabilise the economy, and a strong Wall Street after robust earnings from Facebook (NASDAQ:FB) parent Meta Platforms had driven the Nasdaq 3% higher overnight. [.N] However, Nasdaq futures fell around 0.7% in Asia trade, pressured by disappointing earnings from Amazon (NASDAQ:AMZN) after market close. European futures rose 1.29% and FTSE futures advanced 0.86%. LONGER TERM FEARS Friday's gains marked a recovery to the brutal sell-offs in globally stocks in recent weeks. The Asian regional benchmark is heading for a 5.6%% drop for the month, its worst month since July 2021. Until Friday's gains, it was set for its worst month in two years. "There are four near term catalysts driving the market at the moment: U.S. earnings which we are about half way through, rising U.S. Treasury yields and lots of hawkish speak from the Fed, the war in Ukraine, and China policy," said Fook-Hien Yap, senior investment strategist at Standard Chartered (OTC:SCBFF) Wealth Management. Yap believes Asian shares have room to rise further as much of the bad news was already priced in, though a strong rally in risk assets like equities would need U.S. yields to steady. The benchmark 10 year yield finished the U.S. session at 2.8205%, having reached as high as 2.981% on April 20. The two year yield was at 2.6132%. [US/] They didn't trade in Asia on Friday due to the holiday in Tokyo. This week has also been a volatile one for currencies. The dollar index, which tracks the greenback against six major peers fell 0.38% to 103.27 on Friday due to the improved risk sentiment, but was still not far from Thursday's high of 103.93 - its highest level since late 2022. The index's current monthly gain of 5% would be its best since 2015. On top of the safety-bid for the dollar, the rally has also been fed by market expectations for 150 basis points of rate hikes in just three Federal Reserve meetings. The aggressive Fed tightening path, mainly to curtail sky high inflation, far out paces other global central banks. The dollar's recent gains have been most significant against the yen, and it swept past the key psychological 130 yen level on Thursday, setting a fresh 20 year high. [FRX/] Weakness in China's yuan gathered pace on Friday, putting the currency on track for its biggest monthly drop since 1994, pressured by broad dollar strength and lockdowns in many major cities to curb the spread of COVID-19. Oil prices remained choppy as traders grappled with the supply issues stemming from the war in Ukraine as well as the demand impact of lockdowns in China. Brent crude rose 0.9% on Friday to 108.56 per barrel, U.S. crude rose 0.65% to $106.02. [O/R] Spot gold rose 0.65% to $1906.7 an ounce. [GOL/]
85 Replies 8 ๐ 11 ๐ฅ
@luigibarbarossa #decarolis
A differenza dei beni importanti...La Procter % Gamble ha fatto un utile netto da 3,37 miliardi di $....i pannolini dentrificio e rasoi ecc..lhanno pagato un prezzo maggiore rispetto all'anno scorso > @Roberto_88 said: una volta con questo ragionamento, giusto per caritร , il primo abbonamento che cadeva era Sky
129 Replies 6 ๐ 11 ๐ฅ
@Roberto_88 #decarolis
una volta con questo ragionamento, giusto per caritร , il primo abbonamento che cadeva era Sky
125 Replies 6 ๐ 15 ๐ฅ
@NoobBot #Crypto4Noobs
Axie Infinity Developer Sky Mavis Offers up to USD 1M in Bounty for 'Fatal Bugs' https://cryptonews.com/news/axie-infinity-developer-sky-mavis-offers-up-to-usd-1m-in-bounty-for-fatal-bugs.htm
56 Replies 15 ๐ 6 ๐ฅ
@NoobBot #Crypto4Noobs
Sky Mavis Releases Early Access of Its Much-Anticipated Axie Infinity: Origin https://cryptonews.com/news/sky-mavis-releases-early-access-of-its-much-anticipated-axie-infinity-origin.htm
112 Replies 7 ๐ 14 ๐ฅ
@NoobBot #Crypto4Noobs
Sky Mavis Raises USD 150M, HSBC & Metaverse, BitPay Adds Bitcoin Lightning Network + More News https://cryptonews.com/news/sky-mavis-raises-usd-150m-hsbc-metaverse-bitpay-adds-bitcoin-lightning-network-more-news.htm
72 Replies 13 ๐ 12 ๐ฅ
@NoobBot #Crypto4Noobs
Sky Mavis Raises $150M Round Led by Binance to Reimburse Ronin Attack Victims https://www.coindesk.com/business/2022/04/06/sky-mavis-raises-150m-round-led-by-binance-to-reimburse-ronin-attack-victims/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
91 Replies 12 ๐ 7 ๐ฅ
@Alpha #decarolis
**GUERRA IN UCRAINA** (News della sera) Entro pochi giorni, il Regno Unito potrebbe nazionalizzare il braccio di vendita al dettaglio locale di Gazprom - Sky News. Presidente del Consiglio dell'UE Michel: sono in arrivo ulteriori sanzioni dell'UE contro la Russia. Portavoce del Cremlino Peskov: la Russia potrebbe chiedere rubli per altre esportazioni - TASS. Segretario di Stato americano Blinken: la manipolazione FX sta rafforzando artificialmente il rublo. Il cancelliere tedesco Scholz: con gli alleati ci accorderemo presto per aumentare le sanzioni contro la Russia. Germania - Ministro della difesa Kramp-Karrenbauer: l'UE dovrebbe discutere il divieto di importazione del gas russo. Dipartimento di Stato USA: il Segretario di Stato americano Blinken parteciperร alla riunione dei ministri degli esteri della NATO a Bruxelles, in Belgio, dal 5 al 7 aprile. **La Russia ha chiesto per lunedรฌ (domani) una riunione del Consiglio di sicurezza delle Nazioni Unite per discutere la "provocazione dei radicali ucraini" a Bucha. - Rappresentante russo all'ONU citato dalla RIA.** **La portavoce del ministero degli Esteri russo Zakharova: Kiev sta cercando di far deragliare i colloqui di pace.** A Mariupol infuriano pesanti combattimenti mentre le forze russe tentano di impadronirsi della cittร - l'intelligence militare britannica. Gli scioperi continuano a Mariupol mentre le forze ucraine mantengono una tenace resistenza, mantenendo il controllo nelle aree centrali - l'intelligence militare britannica. Sono state udite esplosioni a Odessa, la cittร portuale meridionale dell'Ucraina - riferiscono alcuni testimoni locali. Zelensky: "A Bucha un genocidio". Mosca: "Immagini false"
94 Replies 7 ๐ 11 ๐ฅ
@NoobBot #Crypto4Noobs
Sky Mavis Pledges to Reimburse Players Following Axie Infinity Hack https://www.coindesk.com/business/2022/03/30/sky-mavis-pledges-to-reimburse-players-following-axie-infinity-hack/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
91 Replies 7 ๐ 7 ๐ฅ
@gman2 #ivtrades
And the nonsense goes on....https://www.theverge.com/2022/3/29/23001620/sky-mavis-axie-infinity-ronin-blockchain-validation-defi-hack-nft?scrolla=5eb6d68b7fedc32c19ef33b4
133 Replies 6 ๐ 10 ๐ฅ
Key Metrics
Market Cap
3.01 B
Beta
1.66
Avg. Volume
561.22 K
Shares Outstanding
56.83 M
Yield
0%
Public Float
0
Next Earnings Date
2022-05-23
Next Dividend Date
Company Information
Skyline Champion Corporation was formed on June 1, 2018 as the result of the combination of Skyline Corporation ('Skyline') and the operating assets of Champion Enterprises Holdings, LLC ('Champion'). The combined company employs approximately 6,700 people and is the largest independent, publicly traded, factory-built housing company in North America. With almost 70 years of homebuilding experience and 38 manufacturing facilities throughout the United States and western Canada, Skyline Champion is well positioned with a leading portfolio of manufactured and modular homes, ADUs, park-models and modular buildings for the single-family, multi-family, hospitality, senior and workforce housing sectors. In addition to its core home building business, Skyline Champion operates a factory-direct retail business, Titan Factory Direct, with 18 retail locations spanning the southern United States, and Star Fleet Trucking, providing transportation services to the manufactured housing and other industries from several dispatch locations across the United States. Skyline Champion builds homes under some of the most well known brand names in the factory-built housing industry including Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the U.S., and Moduline and SRI Homes in western Canada.
Website: www.skylinechampion.com
HQ: ,
Related News