Corydon company First Capital Inc. (FCAP:NAQ) working in Banks sees value fall 5.6% on July 6

Corydon company First Capital Inc. (FCAP:NAQ) working in Banks sees value fall 5.6% on July 6

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

The value in Banks stocks rose 22.3 percent on July 6 from the previous day.

The strongest performing Banks company in Indiana was Merchants Bancorp (MBIN:NAQ), dropping 0.8 percent to sell at $22.76.

First Savings Financial Group Inc. (FSFG:NAQ) fared the worst among Indiana companies, suffering a 74.5 percent drop to $23.73.

Among Corydon companies, First Capital Inc. (FCAP:NAQ) saw the biggest fall in value of 5.6 percent on July 6.

The Banks industry was the daily best-performing industry on the market. The market is divided into 42 different industries.

Finance and Credit Services 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 on July 6

Industry% ChangeHighest Positive ChangeLargest Negative Change
Banks22.3%3,282%-100%
Real Estate Investment and Services12.1%1,946.2%-100%
Precious Metals and Mining9.7%940,120.5%-95.7%
Telecommunications Service Providers8.3%8,900%-95.4%
Life Insurance7.8%165,111,827%-76.4%
Industrial Metals and Mining4.3%1,871,977.9%-100%
Beverages3.9%168.5%-100%
Alternative Energy2.4%90.3%-99.2%
Automobiles and Parts2.3%64.9%-100%
Non-life Insurance2.2%542,101.6%-72.4%
Industrial Materials1.7%126.4%-70%
Personal Goods1.5%326,342,833.7%-100%
Gas, Water and Multi-utilities1.3%107.1%-100%
Industrial Engineering1.3%319,774.8%-94.1%
Investment Banking and Brokerage Services1.3%322.9%-90.4%
Technology Hardware and Equipment1%910.5%-100%
Electricity0.8%179.5%-100%
Pharmaceuticals and Biotechnology0.5%212,835,869.3%-100%
Industrial Transportation0.4%67,875,321.2%-100%
Health Care Providers0.3%2,163,658.1%-100%
Open End and Miscellaneous Investment Vehicles0.3%309,365.3%-100%
Retailers0.2%107,181,718.2%-82%
General Industrials-0.1%710.1%-65%
Real Estate Investment Trusts-0.2%1,189,759.2%-100%
Industrial Support Services-0.2%245,401,420.4%-90.7%
Food Producers-0.3%1,207,040.1%-100%
Aerospace and Defense-0.7%12,254,774.3%-100%
Household Goods and Home Construction-0.7%304,107%-90.6%
Software and Computer Services-0.8%62,611.3%-100%
Medical Equipment and Services-1%86,373,268.2%-100%
Consumer Services-1.4%80,469%-92.2%
Construction and Materials-1.5%51,440,422.1%-100%
Mortgage Real Estate Investment Trusts-1.6%2,351,295%-100%
Travel and Leisure-1.8%23,196,209.7%-100%
Media-1.8%126,903%-100%
Oil, Gas and Coal-1.8%17,538,953.9%-100%
Chemicals-2%562,338.5%-100%
Leisure Goods-2.2%417.6%-100%
Telecommunications Equipment-2.3%742.4%-100%
Waste and Disposal Services-6.5%27,339,122.1%-57.9%
Tobacco-10%4,839.8%-100%
Finance and Credit Services-59.5%44,600,504.1%-100%

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