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Saturday, November 23, 2024

Value of Largo-based Medical Equipment and Services company Conmed Corp. (CNMD:NYQ) fell 50% in week ending April 30

Stock market 19 edited

Value in Medical Equipment and Services stocks fell 5.7 percent in the week ending April 30 from the previous week.

The strongest performing Medical Equipment and Services company in Florida was IRadimed Corp. (IRMD:NAQ), sitting 339 percent higher to sell at $32.91.

Sensus Healthcare Inc. (SRTS:NAQ) fared the worst among Florida companies, suffering an 89.1 percent drop to $7.06.

Among Largo companies, Conmed Corp. (CNMD:NYQ) saw the biggest fall in value of 50 percent in the week ending April 30.

The Household Goods and Home Construction industry was the week’s best-performing industry on the market. The market is divided into 42 different industries.

Telecommunications Service Providers 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 April 30

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Household Goods and Home Construction3.9%3,906.5%-86.1%
Telecommunications Equipment1.8%249.9%-70.6%
Industrial Materials1.8%477.4%-81.3%
Food Producers1.8%204.5%-100%
Precious Metals and Mining1.7%70.2%-68.2%
Waste and Disposal Services1.1%345%-82.5%
Media0.2%1,743.2%-85.1%
General Industrials-0.1%250.4%-60.8%
Industrial Transportation-0.6%220.4%-85.3%
Alternative Energy-1.1%1,058.4%-78%
Finance and Credit Services-1.6%797.4%-80.3%
Industrial Support Services-1.6%15,458.4%-95%
Mortgage Real Estate Investment Trusts-1.8%8,629.4%-51.5%
Tobacco-1.8%342.6%-99.4%
Technology Hardware and Equipment-1.9%567.8%-91.1%
Chemicals-2%570%-92.2%
Banks-2%54,613.1%-98.4%
Industrial Metals and Mining-2%1,191%-88.5%
Closed End Investments-2.1%4,391.5%-98.8%
Retailers-2.4%1,543.6%-93.8%
Travel and Leisure-2.5%1,607.5%-91.8%
Software and Computer Services-2.6%20,072.7%-96.7%
Automobiles and Parts-2.6%3,315%-81.3%
Personal Goods-2.8%15,643.7%-59.7%
Electronic and Electrical Equipment-2.8%845%-85%
Investment Banking and Brokerage Services-3.2%77,708.2%-80.5%
Non-life Insurance-3.3%532.2%-95.9%
Consumer Services-3.5%510.8%-93.1%
Industrial Engineering-4.1%21,548%-76.7%
Real Estate Investment and Services-4.2%463.9%-91.5%
Health Care Providers-4.2%665.8%-99%
Electricity-4.3%917.4%-75%
Aerospace and Defense-4.6%733%-70.5%
Gas, Water and Multi-utilities-5.1%595.2%-62.3%
Personal Care, Drug and Grocery Stores-5.5%1,073%-91%
Medical Equipment and Services-5.7%339%-89.1%
Pharmaceuticals and Biotechnology-5.8%1,150,437.5%-99.7%
Life Insurance-5.8%240.2%-92.3%
Leisure Goods-6.1%492.7%-99.7%
Real Estate Investment Trusts-6.1%739.8%-86.4%
Construction and Materials-7.9%871.4%-86.5%
Telecommunications Service Providers-8.6%440.2%-96.5%

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