Corydon-based Financials company First Capital Inc. (FCAP:NAQ) sees value fall 39.5% on June 2

Corydon-based Financials company First Capital Inc. (FCAP:NAQ) sees value fall 39.5% on June 2

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Value in Financials stocks rose 5 percent on June 2 from the previous day.

The strongest performing Financials company in Indiana was American Acquisition Opportunity Inc. (AMAO:NAQ), sitting 3,289.2 percent higher to sell at $10.1.

OneMain Holdings Inc. (OMF:NYQ) fared the worst among Indiana companies, suffering a 100 percent drop to $44.

Among Corydon companies, First Capital Inc. (FCAP:NAQ) saw the biggest fall in value of 39.5 percent on June 2.

The Health Care sector was the daily best-performing sector on the market.

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.

Rank of stock market sectors on June 2

Sector% ChangeHighest Positive ChangeLargest Negative Change
Health Care6.4%2,119.7%-100.0%
Telecommunications6.2%7,402.9%-100.0%
Financials5%390,304.8%-100.0%
Technology4%30,801.6%-100.0%
Industrials2.6%3,625.5%-100.0%
Consumer Discretionary1.3%1,490%-100.0%
Utilities0.8%257.4%-100.0%
Real Estate0.7%3,217.8%-100.0%
Energy0.6%1,196.2%-100.0%
Consumer Staples-1.0%2,975%-100.0%
Basic Materials-2.0%1,646.1%-100.0%

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