Evansville-based Consumer Discretionary company Escalade Inc. (ESCA:NMQ) sees value rise 215.7% on May 11

Evansville-based Consumer Discretionary company Escalade Inc. (ESCA:NMQ) sees value rise 215.7% on May 11

Public Policy

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 Consumer Discretionary stocks fell 2.4 percent on May 11 from the previous day.

The strongest performing Consumer Discretionary company in Indiana was Noble Roman's Inc. (NROM:QBB), sitting 610.5 percent higher to sell at $0.226.

Thor Industries Inc. (THO:NYQ) experienced the smallest increase in share price among Indiana companies, rising 9.4 percent to sell at $78.65.

Among Evansville companies, Escalade Inc. (ESCA:NMQ) saw the highest rise in value of 215.7 percent on May 11.

The Basic Materials sector was the daily best-performing sector on the market.

Telecommunications 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.

Rank of stock market sectors on May 11

Sector% ChangeHighest Positive ChangeLargest Negative Change
Basic Materials-0.2%13,747.9%-98.3%
Energy-0.3%1,039.2%-93.2%
Real Estate-0.9%1,138.4%-82.0%
Financials-0.9%572,434.2%-99.7%
Consumer Staples-1.0%6,743.4%-98.0%
Industrials-1.1%6,935.1%-89.9%
Consumer Discretionary-2.4%437,400%-96.7%
Health Care-2.8%5,416.5%-100.0%
Technology-3.6%1,084.1%-99.6%
Telecommunications-6.4%973.3%-99.9%

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