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Longview Times

Wednesday, November 27, 2024

Value of Industrial Metals and Mining company Friedman Industries Inc. (FRD:ASQ) based in Longview fell 27.4% in September

Stock market 25 edited

Value in Industrial Metals and Mining stocks fell 16 percent in September from the previous month.

The strongest performing Industrial Metals and Mining company in Texas was Commercial Metals Co. (CMC:NYQ), dropping 0.6 percent to sell at $35.81.

Texas Mineral Resources Corp. (TMRC:QBB) fared the worst among Texas companies, suffering a 97.1 percent drop to $1.97.

Among Longview companies, Friedman Industries Inc. (FRD:ASQ) saw the biggest fall in value of 27.4 percent in September.

The Alternative Energy industry was the month’s best-performing industry on the market. The market is divided into 45 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.

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 industries in September

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Alternative Energy74.2%2,502,392.1%-99.8%
Waste and Disposal Services-0.3%5,609.5%-87.9%
Life Insurance-0.9%431.8%-90.7%
Open End and Miscellaneous Investment Vehicles-1.1%113,111,230.1%-99.9%
Health Care Providers-3.2%173,763,466.3%-99.9%
Precious Metals and Mining-3.4%9,963.6%-99.7%
Banks-4.7%90,104,137.3%-98.8%
Non-life Insurance-5.4%11,894,458%-99.4%
Pharmaceuticals and Biotechnology-5.4%212,373,898.2%-99.9%
Investment Banking and Brokerage Services-5.4%36,975,049.5%-99.9%
Beverages-5.8%2,603,096.6%-99.7%
Travel and Leisure-5.8%25,236,558.8%-99.9%
Consumer Services-7%48,839,823.4%-99.5%
Household Goods and Home Construction-7.1%7,870,894.8%-99.9%
Medical Equipment and Services-7.8%125,182,974.4%-99.9%
Retailers-8%53,559,803.8%-99.9%
Electronic and Electrical Equipment-8.5%11,521,774.4%-99.7%
Oil, Gas and Coal-8.6%50,813,881.8%-99.9%
Media-8.7%95,734,925.4%-99.8%
Aerospace and Defense-9.7%175,470,687.5%-99.9%
Software and Computer Services-10%259,509,450.7%-99.9%
Industrial Engineering-10%67,579,380.7%-99.9%
Telecommunications Equipment-10%471,194.8%-99.9%
Gas, Water and Multi-utilities-10.3%9,236,418.5%-98.8%
Industrial Support Services-10.4%74,829,714.6%-99.9%
Closed End Investments-10.4%194,192,207.7%-99.9%
Construction and Materials-10.5%33,861,044.1%-99.6%
General Industrials-10.7%525,670.5%-99.9%
Personal Care, Drug and Grocery Stores-10.7%678,084.5%-99.9%
Tobacco-11.1%122.7%-99.8%
Electricity-11.1%1,787.2%-99.9%
Personal Goods-11.8%23,576,968.3%-99.9%
Chemicals-12.4%14,901,183%-99.8%
Technology Hardware and Equipment-12.5%238,536.3%-99.9%
Automobiles and Parts-13.3%16,635,978.4%-97.8%
Industrial Transportation-13.4%243,954.7%-99.9%
Real Estate Investment and Services-13.7%7,482,239.9%-95.3%
Industrial Materials-14.6%20,659,739%-97.4%
Real Estate Investment Trusts-14.6%92,477,820.8%-99.9%
Food Producers-14.6%66,778,060%-99.4%
Leisure Goods-15%20,095,841.4%-99.9%
Industrial Metals and Mining-16%184,209,083.7%-99.8%
Mortgage Real Estate Investment Trusts-17.4%18,812,839.5%-99.9%
Telecommunications Service Providers-23.6%2,769,912.4%-99.8%
Finance and Credit Services-64.2%445,624.2%-99.9%

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