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Cincy Reporter

Friday, November 8, 2024

Cincinnati-based Retailers company PARTS iD Inc. (ID:ASQ) sees value rise 45.4% on July 15

Stock market 1 edited

The value in Retailers stocks rose 1.4 percent on July 15 from the previous day.

The strongest performing Retailers company in Ohio was Designer Brands Inc. (DBI:NYQ), sitting 67.8 percent higher to sell at $13.27.

Joann Inc. (JOAN:NMQ) fared the worst among Ohio companies, suffering a 25.8 percent drop to $8.08.

Among Cincinnati companies, PARTS iD Inc. (ID:ASQ) saw the highest rise in value of 45.4 percent on July 15.

The Tobacco industry was the daily best-performing industry on the market. The market is divided into 45 different industries.

Telecommunications Equipment 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 15

Industry% ChangeHighest Positive ChangeLargest Negative Change
Tobacco9.4%76.6%-66.1%
Telecommunications Service Providers7%438,555,653.6%-54.8%
Alternative Energy6.1%303.7%-52.9%
Life Insurance6%1,132%-46.1%
Finance and Credit Services4.2%20,070,075.4%-67.2%
Industrial Metals and Mining4%28,308,303.4%-80.4%
Industrial Transportation3.9%513,111,802.6%-92.6%
Investment Banking and Brokerage Services3.9%8,142.1%-92.5%
General Industrials3.7%38,753,668%-98.4%
Precious Metals and Mining3.4%131.1%-83.2%
Real Estate Investment and Services3%141.8%-62.1%
Automobiles and Parts2.4%22,572,708.8%-45%
Electronic and Electrical Equipment2.2%4,095.8%-79.3%
Banks2%60,409,346.3%-98.7%
Leisure Goods2%3,746,435.9%-33.2%
Mortgage Real Estate Investment Trusts2%205.6%-46.9%
Software and Computer Services1.5%4,662,721.3%-87.3%
Industrial Engineering1.5%17,719,900%-95.7%
Media1.5%276,495.7%-93.9%
Real Estate Investment Trusts1.5%57,793,061.3%-92.8%
Retailers1.4%54,838,687.7%-86.1%
Industrial Materials1.4%55%-60.5%
Gas, Water and Multi-utilities1.2%136.4%-46.3%
Aerospace and Defense1.2%2,383,786.5%-94.9%
Industrial Support Services1.1%61,004,900%-97.8%
Oil, Gas and Coal1.1%127,804,189.5%-93.9%
Pharmaceuticals and Biotechnology1.1%12,551,991.3%-94.3%
Food Producers1.1%192.2%-86.1%
Non-life Insurance1%582.3%-83.4%
Medical Equipment and Services1%30,881,829.3%-97.6%
Open End and Miscellaneous Investment Vehicles0.7%210,186.3%-100%
Waste and Disposal Services0.6%15,524,472.3%-72.3%
Personal Care, Drug and Grocery Stores0.5%475,792.3%-66.3%
Electricity0.4%504%-72.9%
Technology Hardware and Equipment0.4%890.4%-87.2%
Health Care Providers0.3%11,866,795.5%-82.9%
Consumer Services0.1%8,059,514.3%-83.9%
Chemicals-0.1%561.5%-64.9%
Closed End Investments-0.2%944.1%-96%
Construction and Materials-0.3%17,222.4%-73%
Beverages-0.6%588,564.4%-94.1%
Personal Goods-0.9%41,693,865.5%-44.6%
Travel and Leisure-1.7%1,210%-83.7%
Household Goods and Home Construction-3%253.1%-83.4%
Telecommunications Equipment-7.9%95,577.1%-86%

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