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Saturday, November 23, 2024

Harrisburg company Mid Penn Bancorp Inc. (MPB:NMQ) working in Banks sees value rise 119.7% in week ending Aug. 6

Stock market 21 edited

Value in Banks stocks rose 2.6 percent in the week ending Aug. 6 from the previous week.

The strongest performing Banks company in Pennsylvania was First Keystone Corp. (FKYS:PKC), sitting 161.9 percent higher to sell at $23.5.

PNC Financial Services Group Inc. (PNC:NYQ) fared the worst among Pennsylvania companies, suffering a 100 percent drop to $165.35.

Among Harrisburg companies, Mid Penn Bancorp Inc. (MPB:NMQ) saw the highest rise in value of 119.7 percent in the week ending Aug. 6.

The Medical Equipment and Services industry was the week’s best-performing industry on the market. The market is divided into 41 different industries.

Oil, Gas and Coal 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.

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 industries in week ending Aug. 6

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Medical Equipment and Services13.1%6,248,035.6%-100%
Alternative Energy8%2,199,711.8%-100%
Software and Computer Services5.2%126,372,573.1%-100%
Waste and Disposal Services4.7%163,163.5%-100%
Food Producers3.7%18,701,987.2%-100%
Telecommunications Service Providers3.6%10,139,224.9%-100%
Industrial Support Services3.1%253,445,801.6%-100%
Aerospace and Defense3%177,449.4%-100%
Telecommunications Equipment2.6%13,262,375.4%-99.9%
Banks2.6%3,157,793.8%-100%
Retailers2.5%27,555,039.7%-100%
Electronic and Electrical Equipment2.1%4,607,535.4%-100%
Industrial Materials2.1%1,113.8%-99.3%
Closed End Investments1.8%13,709,080.1%-100%
Leisure Goods1.7%296,674,756.7%-100%
Travel and Leisure1.7%399,775.2%-100%
Automobiles and Parts1.4%1,791,391.9%-100%
Life Insurance1.3%311,482.7%-100%
Industrial Transportation1.3%2,699,472.2%-100%
Industrial Engineering1.1%90,223,300.3%-100%
Construction and Materials1.1%46,692,507.7%-100%
Finance and Credit Services1%20,193,068.1%-100%
Personal Care, Drug and Grocery Stores1%133,475,811.8%-99.9%
Personal Goods0.9%4,940,485.4%-100%
Pharmaceuticals and Biotechnology0.9%20,282,216.5%-100%
Electricity0.9%6,800,274.5%-100%
Chemicals-0.4%84,392.1%-100%
General Industrials-0.4%101,430%-100%
Gas, Water and Multi-utilities-0.7%43,452,576.3%-100%
Household Goods and Home Construction-0.7%7,745,971.4%-100%
Precious Metals and Mining-0.8%591,364.1%-100%
Real Estate Investment Trusts-1.3%195,165,610.6%-100%
Non-life Insurance-1.4%15,563,461.7%-100%
Mortgage Real Estate Investment Trusts-1.6%329,547.3%-100%
Real Estate Investment and Services-1.7%2,370,244.8%-100%
Investment Banking and Brokerage Services-1.8%1,106,694.5%-100%
Media-2.6%487,008.1%-100%
Beverages-2.9%9,363,305.2%-100%
Tobacco-3.1%206,701.7%-100%
Technology Hardware and Equipment-3.7%186,225.9%-100%
Oil, Gas and Coal-3.9%128,426,683.5%-100%

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