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Friday, November 22, 2024

Value of Barrington-based Consumer Discretionary company Yunhong CTI Ltd. (CTIB:NAQ) fell 40.1% on Aug. 23

Stock market 3 edited

Value in Consumer Discretionary stocks rose 10.7 percent on Aug. 23 from the previous day.

The strongest performing Consumer Discretionary company in Illinois was Knowles Corp. (KN:NYQ), sitting 663.7 percent higher to sell at $16.14.

McDonald's Corp. (MCD:NYQ) fared the worst among Illinois companies, suffering a 100 percent drop to $260.54.

Among Barrington companies, Yunhong CTI Ltd. (CTIB:NAQ) saw the biggest fall in value of 40.1 percent on Aug. 23.

The Consumer Discretionary sector was the daily best-performing sector on the market.

Consumer Staples 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.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Rank of stock market sectors on Aug. 23

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Discretionary10.7%113,353,652.9%-100%
Basic Materials5.1%12,565,859.3%-100%
Financials5.1%43,275,060.5%-100%
Real Estate2.6%87,538,013.5%-100%
Industrials2%80,795,917.7%-100%
Telecommunications0.8%54,104.1%-100%
Technology-1.1%274,584,870.1%-100%
Health Care-4.6%100,122,422.5%-100%
Utilities-6.6%147,643,541.2%-100%
Energy-20.6%463,471,237.6%-100%
Consumer Staples-36.9%35,944,826.2%-100%

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