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Saratoga Standard

Friday, November 15, 2024

Value of Saratoga Springs-based Industrials company Espey MFG and Electronics Corp. (ESP:ASQ) rose 234.8% on Sept. 23

Stock market 17 edited

Value in Industrials stocks fell 3.8 percent on Sept. 23 from the previous day.

The strongest performing Industrials company in New York was MSC Industrial Direct Co. Inc. (MSM:NYQ), sitting 31,719,884.4 percent higher to sell at $72.11.

Frequency Electronics Inc. (FEIM:NMQ) fared the worst among New York companies, suffering a 69.4 percent drop to $5.72.

Among Saratoga Springs companies, Espey MFG and Electronics Corp. (ESP:ASQ) saw the highest rise in value of 234.8 percent on Sept. 23.

The Real Estate 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 Sept. 23

Sector% ChangeHighest Positive ChangeLargest Negative Change
Real Estate-0.6%359,007,639.3%-84.6%
Consumer Discretionary-1.1%203,117,006.8%-99.7%
Basic Materials-1.6%85,907,176%-94.7%
Utilities-1.6%34,240,462.8%-64.9%
Technology-2%54,729,633.2%-87.3%
Financials-2.1%1,741,034,881.9%-99.9%
Consumer Staples-2.9%191,265,362.3%-74.6%
Health Care-3.7%570,333,754%-95.7%
Industrials-3.8%174,780,852.4%-86.4%
Energy-3.9%236,956,723%-80%

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