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Sarasota Review

Saturday, November 2, 2024

Sarasota-based Industrials company Helios Technologies Inc. (HLIO:NYQ) sees value rise 24.2% on Oct. 21

Stock market 18 edited

Value in Industrials stocks fell 0.7 percent on Oct. 21 from the previous day.

The strongest performing Industrials company in Florida was Purecycle Technologies Inc. (PCT:NAQ), sitting 72,685.6 percent higher to sell at $8.4.

ADT Inc. (ADT:NYQ) fared the worst among Florida companies, suffering an 84.2 percent drop to $8.8.

Among Sarasota companies, Helios Technologies Inc. (HLIO:NYQ) saw the highest rise in value of 24.2 percent on Oct. 21.

The Consumer Staples sector was the daily best-performing sector on the market.

Energy was the worst-performing sector.

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 sectors on Oct. 21

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Staples56.9%183,645,264%-88.4%
Technology8.6%203,217,579.6%-96.1%
Basic Materials5.5%57,661,684.1%-80.2%
Telecommunications3.7%6,406,059%-96.2%
Utilities1.5%95,358,446.2%-45.1%
Real Estate1.1%155,781,673.5%-83.1%
Consumer Discretionary1.1%565,969,728.9%-91.8%
Health Care-0.4%336,577,796.2%-94.1%
Industrials-0.7%297,714,308.6%-94.7%
Financials-2%119,606,457.4%-99.9%
Energy-3.4%1,880,200,784.4%-68.5%

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