The Dow Jones Industrial Average gained Monday as investors bought stocks that they feel will do well during a Bush presidency. The Dow climbed 76 points, or 0.7%.
Meanwhile, the Nasdaq composite declined 24 points, or 0.8%, Monday as tech sector investors continue to worry about a slowing economy.
However, concerns about a slowing economy did not have a negative impact on most RV company stocks on Monday, possibly because RV stock prices have already been beaten down.
One RV stock that many investors believe is near bottom is Coachmen, which gained 9/16, or 7%, on Monday to close at 8 13/16.
But heading in the opposite direction was SMC, which declined 3/8, or 18%, on Monday to close at 1 5/8.
Meanwhile, Spartan Motors, which will introduce a new diesel motorhome chassis during the RV industry’s national trade show on Tuesday, gained 3/16, or 7%, on Monday to close at 2 3/4.
Here is a roundup of the other RV company stock activity Monday:
Fleetwood declined 1/16 to close at 13 1/8
Winnebago gained 5/16 to close at 11 13/16
Thor gained 5/16 to close at 21 3/4
Monaco gained 1/16 to close at 14 15/16
National RV gained 1/4 to close at 8 3/4
Skyline declined 1/8 to close at 20 7/8
Holiday RV Superstores was unchanged at 4 3/8
Rexhall was unchanged at 5
Kit declined 1/8 to close at 4 5/8
Coast Distribution was unchanged at 15/16
Featherlite gained 1/4 to close at 2
Starcraft was unchanged at 2 1/2