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Sunday, November 24, 2024

Sugar Land-based Oil, Gas and Coal company CVR Energy Inc. (CVI:NYQ) sees value fall 52.4% in week ending July 2

Stock market 17 edited

Value in Oil, Gas and Coal stocks rose 25,671.9 percent in the week ending July 2 from the previous week.

The strongest performing Oil, Gas and Coal company in Texas was Primeenergy Resources Corp. (PNRG:NAQ), sitting 67.7 percent higher to sell at $81.6.

Hugoton Royalty Trust (HGTXU:QBB) fared the worst among Texas companies, suffering a 96.2 percent drop to $1.74.

Among Sugar Land companies, CVR Energy Inc. (CVI:NYQ) saw the biggest fall in value of 52.4 percent in the week ending July 2.

The Travel and Leisure industry was the week’s best-performing industry on the market. The market is divided into 22 different industries.

Medical Equipment and Services 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 July 2

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Travel and Leisure362,163.5%3,658.3%-99.6%
Telecommunications Service Providers259,347.2%68.7%-99%
Investment Banking and Brokerage Services94,122.8%3,269.5%-98.9%
Oil, Gas and Coal25,671.9%67.7%-96.2%
Automobiles and Parts7,632.5%316.1%-78.8%
Closed End Investments4,328.1%693.9%-91.9%
Industrial Engineering3,768.3%449.4%-89.7%
Telecommunications Equipment2,869.1%193.9%-98.8%
Software and Computer Services2,622%49,967.7%-96.8%
Life Insurance1,146.5%--78.7%
Food Producers550.5%4,573.1%-98.2%
Consumer Services216.6%17,233.3%-94.3%
Technology Hardware and Equipment158%1,581.8%-91.1%
Industrial Transportation125.2%1,032.4%-95%
Banks110%1,269%-99.1%
Real Estate Investment and Services75%5,773.6%-85%
Pharmaceuticals and Biotechnology52.2%11,470.2%-99.2%
Finance and Credit Services35.7%182.3%-95.8%
Industrial Metals and Mining31.8%30,341.6%-90.8%
Open End and Miscellaneous Investment Vehicles3.1%478,799%-100%
Retailers-60.6%1,752%-92.7%
Medical Equipment and Services-85.7%1,607%-96.2%

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