Value of Columbus-based Industrials company Cummins Inc. (CMI:NYQ) rose 117% in week ending Oct. 22

Public Policy
Stock market 6 edited

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Value in Industrials stocks rose 5 percent in the week ending Oct. 22 from the previous week.

The strongest performing Industrials company in Indiana was Cummins Inc. (CMI:NYQ), sitting 117 percent higher to sell at $232.79.

Berry Global Group Inc. (BERY:NYQ) fared the worst among Indiana companies, suffering a 40.7 percent drop to $47.46.

Among Columbus companies, Cummins Inc. (CMI:NYQ) saw the highest rise in value of 117 percent in the week ending Oct. 22.

The Energy sector was the week’s best-performing sector on the market. The market is divided into 11 different sectors.

Consumer Staples 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 in week ending Oct. 22

Sector% ChangeHighest Positive ChangeLargest Negative Change
Energy7.8%740,595,455.6%-96.9%
Basic Materials7.3%139,886,648.5%-95.9%
Telecommunications5.6%13,214,088%-91.8%
Consumer Discretionary5.4%130,868,258.2%-96.3%
Technology5.4%482,299,558.1%-98.4%
Industrials5%301,817,789.7%-99.4%
Financials3.6%119,910,429.9%-100.0%
Utilities2.3%411,159,140.6%-66.5%
Real Estate2.1%128,651,200.2%-96.8%
Health Care1.2%1,225,221,511.7%-100.0%
Consumer Staples0.8%123,189,694.3%-91.6%

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS