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Quincy Reporter

Thursday, October 31, 2024

Quincy company Titan International Inc. (TWI:NYQ) working in Industrials sees value rise 971.6% in week ending Sept. 3

Stock market 16 edited

Value in Industrials stocks fell 4.4 percent in the week ending Sept. 3 from the previous week.

The strongest performing Industrials company in Illinois was W W Grainger Inc. (GWW:NYQ), sitting 3,194,814.2 percent higher to sell at $555.31.

Power Solutions International Inc. (PSIX:PKC) fared the worst among Illinois companies, suffering a 73.4 percent drop to $2.

Among Quincy companies, Titan International Inc. (TWI:NYQ) saw the highest rise in value of 971.6 percent in the week ending Sept. 3.

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

Basic Materials 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 Sept. 3

Sector% ChangeHighest Positive ChangeLargest Negative Change
Utilities-1.3%114,277,186.1%-78.2%
Health Care-2.4%85,662,831%-99.7%
Consumer Staples-2.6%78,384,822.8%-98.2%
Energy-2.9%201,155,594.9%-98.6%
Financials-3.0%131,160,868.7%-100.0%
Consumer Discretionary-3.7%898,740,678.2%-98.9%
Real Estate-3.8%76,520,385.8%-88.0%
Industrials-4.4%248,678,667.4%-96.1%
Telecommunications-5.3%1,284,170.7%-96.6%
Technology-6.1%309,253,969.8%-97.4%
Basic Materials-6.6%28,979,099.8%-82.1%

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