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Tuesday, November 5, 2024

Value of Industrial Support Services company Evolv Technologies Holdings Inc. (EVLV:NAQ) based in Houston fell 65.3% in week ending April 23

Stock market 4 edited

Value in Industrial Support Services stocks fell 5.4 percent in the week ending April 23 from the previous week.

The strongest performing Industrial Support Services company in Texas was AMN Healthcare Services Inc. (AMN:NYQ), sitting 108.7 percent higher to sell at $104.68.

BGSF Inc. (BGSF:NYQ) fared the worst among Texas companies, suffering a 79.3 percent drop to $12.15.

Among Houston companies, Evolv Technologies Holdings Inc. (EVLV:NAQ) saw the biggest fall in value of 65.3 percent in the week ending April 23.

The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 43 different industries.

Alternative Energy 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.

Rank of stock market industries in week ending April 23

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Finance and Credit Services108.1%401.6%-88.1%
Construction and Materials3.8%3,140.9%-83.6%
Tobacco1.2%57.3%-63%
Real Estate Investment Trusts0.7%1,112.8%-77.5%
Industrial Materials-0.2%59.2%-75%
Open End and Miscellaneous Investment Vehicles-0.3%91,610.9%-100%
Gas, Water and Multi-utilities-0.4%527.7%-64.6%
Banks-0.7%152,579.3%-97.4%
Waste and Disposal Services-1.3%207.7%-86.5%
Real Estate Investment and Services-1.4%41,553.2%-91.7%
Non-life Insurance-1.9%912.3%-85.6%
Electricity-2%149.9%-82%
Life Insurance-2.1%186.7%-74.2%
Consumer Services-2.1%1,418.4%-68.8%
Leisure Goods-2.2%874,328.3%-96.7%
Travel and Leisure-2.3%3,636.7%-95.3%
Closed End Investments-2.4%2,431.9%-83.8%
Chemicals-2.8%322%-82.3%
Industrial Engineering-2.9%2,026%-99%
Automobiles and Parts-2.9%156.1%-64.9%
Household Goods and Home Construction-3%2,659.7%-98.3%
Food Producers-3.4%3,418.4%-85.8%
Industrial Transportation-3.6%3,411.8%-82.2%
Aerospace and Defense-4%681.1%-97.4%
Personal Goods-4.1%462.6%-99.2%
Retailers-4.5%9,085.1%-79.1%
Technology Hardware and Equipment-4.7%2,274.5%-68.7%
Industrial Metals and Mining-4.8%1,440.8%-95.8%
Electronic and Electrical Equipment-4.9%1,774.2%-88.4%
Beverages-5.3%470.8%-92.4%
Oil, Gas and Coal-5.4%10,286.9%-92%
Industrial Support Services-5.4%665.1%-84.3%
Health Care Providers-5.5%618.2%-89%
Investment Banking and Brokerage Services-5.8%1,960.8%-96%
Mortgage Real Estate Investment Trusts-5.9%509.8%-61.8%
Medical Equipment and Services-6%1,681%-94.1%
Telecommunications Service Providers-6.3%169.8%-81.5%
Software and Computer Services-7.9%139,086.2%-99.8%
Telecommunications Equipment-8.5%9,700%-85.2%
Pharmaceuticals and Biotechnology-8.5%143,489.2%-99.5%
Media-9.4%4,300.5%-87.3%
Precious Metals and Mining-11.7%2,342.4%-99.9%
Alternative Energy-12.1%165.5%-96.4%

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