Corydon-based Financials company First Capital Inc. (FCAP:NAQ) sees value fall 94.2% on June 14

Corydon-based Financials company First Capital Inc. (FCAP:NAQ) sees value fall 94.2% on June 14

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Value in Financials stocks rose 1,245.7 percent on June 14 from the previous day.

The strongest performing Financials company in Indiana was American Acquisition Opportunity Inc. (AMAO:NAQ), sitting 3,949.4 percent higher to sell at $10.11.

OneMain Holdings Inc. (OMF:NYQ) fared the worst among Indiana companies, suffering a 97.9 percent drop to $37.27.

Among Corydon companies, First Capital Inc. (FCAP:NAQ) saw the biggest fall in value of 94.2 percent on June 14.

The Telecommunications 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 14

Sector% ChangeHighest Positive ChangeLargest Negative Change
Telecommunications1,654.1%1,224.4%-100.0%
Financials1,245.7%375,053,314.5%-100.0%
Technology553.1%107,523,709.5%-100.0%
Energy96.3%234,572,861.4%-100.0%
Consumer Staples88.2%125,878,010.3%-100.0%
Industrials62.1%73,468,779.7%-100.0%
Health Care57.8%89,460,312.7%-100.0%
Utilities8.7%27,297,212.8%-100.0%
Real Estate-6.6%94,942,081.2%-100.0%
Consumer Discretionary-19.1%230,356,179.2%-100.0%
Basic Materials-20.9%74,072,338.2%-100.0%

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