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Saturday, December 28, 2024

Value of Industrial Metals and Mining company Omega Flex Inc. (OFLX:NMQ) based in Exton fell 65.9% in week ending July 30

Stock market 11 edited

Value in Industrial Metals and Mining stocks rose 6.2 percent in the week ending July 30 from the previous week.

The strongest performing Industrial Metals and Mining company in Pennsylvania was Arconic Corp. (PITTSBURGH) (ARNC:NYQ), sitting 243.4 percent higher to sell at $30.21.

United States Steel Corp. (X:NYQ) fared the worst among Pennsylvania companies, suffering a 99.5 percent drop to $21.7.

Among Exton companies, Omega Flex Inc. (OFLX:NMQ) saw the biggest fall in value of 65.9 percent in the week ending July 30.

The Alternative Energy industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.

Household Goods and Home Construction was the worst-performing industry.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Rank of stock market industries in week ending July 30

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Alternative Energy19.9%405.6%-100%
Telecommunications Equipment14.1%1,112.2%-100%
Beverages7.9%756.1%-100%
Technology Hardware and Equipment7.4%2,918.7%-100%
Industrial Transportation7%258.3%-100%
Oil, Gas and Coal6.8%1,968.8%-100%
Industrial Engineering6.5%1,073%-100%
Industrial Materials6.4%192.7%-66.4%
Investment Banking and Brokerage Services6.3%579.1%-100%
Construction and Materials6.3%898.5%-100%
Industrial Metals and Mining6.2%773,436.2%-100%
Electricity6.2%355.1%-100%
Waste and Disposal Services6.1%1,658%-100%
Travel and Leisure6.1%2,157.8%-100%
Gas, Water and Multi-utilities5.6%310.6%-100%
Electronic and Electrical Equipment5.4%552.7%-100%
Finance and Credit Services5.1%575%-100%
Media5.1%357.6%-100%
Mortgage Real Estate Investment Trusts4.6%445.3%-100%
Chemicals4.5%734.8%-100%
General Industrials4%468.9%-100%
Consumer Services4%5,764.2%-100%
Aerospace and Defense3.8%176.7%-100%
Automobiles and Parts3.2%2,456.3%-100%
Real Estate Investment and Services3%505.4%-100%
Closed End Investments2.9%1,245.8%-100%
Non-life Insurance2.6%1,182.3%-100%
Personal Goods2.6%257.5%-100%
Precious Metals and Mining2.5%1,009.8%-100%
Food Producers2.4%109,997.7%-100%
Software and Computer Services2.3%9,747.9%-100%
Real Estate Investment Trusts2.3%6,467.4%-100%
Leisure Goods2.1%277.2%-100%
Industrial Support Services2.1%3,177.3%-100%
Life Insurance1.6%820%-100%
Health Care Providers1.5%910.9%-100%
Pharmaceuticals and Biotechnology1.4%89,304.2%-100%
Retailers0.8%1,002.2%-100%
Banks0.8%16,868.5%-100%
Open End and Miscellaneous Investment Vehicles0.3%759,907.2%-100%
Personal Care, Drug and Grocery Stores0.1%177.6%-100%
Tobacco-1.1%104.3%-100%
Telecommunications Service Providers-3%154.9%-100%
Medical Equipment and Services-3.1%8,514%-100%
Household Goods and Home Construction-4.8%14,584.4%-100%

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