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Sunday, November 24, 2024

Carlsbad company Apptech Corp. (APCX:NAQ) working in Software and Computer Services sees value fall 68.6% in week ending June 18

Stock market 6 edited

Value in Software and Computer Services stocks fell 5.8 percent in the week ending June 18 from the previous week.

The strongest performing Software and Computer Services company in California was Liveramp Holdings Inc. (RAMP:NYQ), sitting 1,610.7 percent higher to sell at $26.5.

NetSol Technologies Inc. (NTWK:NAQ) fared the worst among California companies, suffering a 79.7 percent drop to $3.13.

Among Carlsbad companies, Apptech Corp. (APCX:NAQ) saw the biggest fall in value of 68.6 percent in the week ending June 18.

The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.

Oil, Gas and Coal 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 in week ending June 18

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Finance and Credit Services144.7%6,419.1%-57.9%
Tobacco3.2%320.6%-97.2%
Medical Equipment and Services1.6%1,322.5%-83.3%
Open End and Miscellaneous Investment Vehicles-1%755,591.5%-100%
Pharmaceuticals and Biotechnology-2.6%25,340%-96.6%
Non-life Insurance-3%631.9%-91.8%
Leisure Goods-3.4%684.5%-98.7%
Banks-4.2%24,880.2%-99%
Personal Care, Drug and Grocery Stores-4.3%636%-72.2%
Life Insurance-4.8%2,157.4%-17.6%
Real Estate Investment Trusts-5.3%1,853.9%-62.7%
Telecommunications Service Providers-5.5%111,611.2%-84.7%
Electronic and Electrical Equipment-5.5%4,024.8%-92%
Retailers-5.6%496.8%-88.8%
Media-5.7%1,421.8%-92.3%
Personal Goods-5.7%4,214.6%-65.2%
Software and Computer Services-5.8%1,610.7%-98.4%
Industrial Transportation-6.3%1,964.8%-81.4%
Precious Metals and Mining-6.4%98.7%-90.7%
Health Care Providers-6.8%3,288.5%-67.1%
Aerospace and Defense-6.9%830.3%-88.9%
Automobiles and Parts-6.9%779.3%-70.4%
Real Estate Investment and Services-7.2%1,487%-89.6%
Consumer Services-7.2%366.6%-86.9%
Industrial Engineering-7.3%606,924.8%-73.4%
Closed End Investments-7.6%2,257.2%-94%
Industrial Metals and Mining-7.6%1,651.7%-99.9%
Travel and Leisure-7.7%1,052%-97.8%
Telecommunications Equipment-7.9%2,348.9%-97.5%
Technology Hardware and Equipment-8.1%794.7%-72.9%
Industrial Support Services-8.1%1,605.7%-90.9%
Alternative Energy-8.3%14,884.8%-64.7%
Investment Banking and Brokerage Services-8.3%116,900%-99.8%
Beverages-8.5%301.8%-89.9%
Food Producers-8.5%1,237%-95%
Electricity-8.8%1,331.3%-84.7%
General Industrials-9.2%372.3%-31.3%
Gas, Water and Multi-utilities-9.7%1,098%-49%
Chemicals-10.4%797.5%-52.6%
Waste and Disposal Services-10.8%1,420.3%-82%
Construction and Materials-10.9%1,068.9%-81.5%
Mortgage Real Estate Investment Trusts-11.4%1,225.4%-36.7%
Industrial Materials-11.4%663.9%-
Household Goods and Home Construction-11.6%5,143.5%-83.9%
Oil, Gas and Coal-16.1%3,175.9%-99.6%

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