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San Mateo Sun

Thursday, October 31, 2024

San Mateo-based Investment Banking and Brokerage Services company Franklin Resources Inc. (BEN:NYQ) sees value rise 156.6% in week ending July 30

Stock market 17 edited

Value in Investment Banking and Brokerage Services stocks rose 6.3 percent in the week ending July 30 from the previous week.

The strongest performing Investment Banking and Brokerage Services company in California was B Riley Financial Inc. (RILY:NMQ), sitting 287.5 percent higher to sell at $50.01.

IFAN Financial Inc. (IFAN:PKL) fared the worst among California companies, suffering a 96.6 percent drop to $0.0014.

Among San Mateo companies, Franklin Resources Inc. (BEN:NYQ) saw the highest rise in value of 156.6 percent in the week ending July 30.

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

Household Goods and Home Construction 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 week ending July 30

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Alternative Energy19.9%405.6%-100%
Telecommunications Equipment14.1%1,112.2%-100%
Beverages7.9%756.1%-100%
Technology Hardware and Equipment7.4%2,918.7%-100%
Industrial Transportation7%258.3%-100%
Oil, Gas and Coal6.8%1,968.8%-100%
Industrial Engineering6.5%1,073%-100%
Industrial Materials6.4%192.7%-66.4%
Investment Banking and Brokerage Services6.3%579.1%-100%
Construction and Materials6.3%898.5%-100%
Industrial Metals and Mining6.2%773,436.2%-100%
Electricity6.2%355.1%-100%
Waste and Disposal Services6.1%1,658%-100%
Travel and Leisure6.1%2,157.8%-100%
Gas, Water and Multi-utilities5.6%310.6%-100%
Electronic and Electrical Equipment5.4%552.7%-100%
Finance and Credit Services5.1%575%-100%
Media5.1%357.6%-100%
Mortgage Real Estate Investment Trusts4.6%445.3%-100%
Chemicals4.5%734.8%-100%
General Industrials4%468.9%-100%
Consumer Services4%5,764.2%-100%
Aerospace and Defense3.8%176.7%-100%
Automobiles and Parts3.2%2,456.3%-100%
Real Estate Investment and Services3%505.4%-100%
Closed End Investments2.9%1,245.8%-100%
Non-life Insurance2.6%1,182.3%-100%
Personal Goods2.6%257.5%-100%
Precious Metals and Mining2.5%1,009.8%-100%
Food Producers2.4%109,997.7%-100%
Software and Computer Services2.3%9,747.9%-100%
Real Estate Investment Trusts2.3%6,467.4%-100%
Leisure Goods2.1%277.2%-100%
Industrial Support Services2.1%3,177.3%-100%
Life Insurance1.6%820%-100%
Health Care Providers1.5%910.9%-100%
Pharmaceuticals and Biotechnology1.4%89,304.2%-100%
Retailers0.8%1,002.2%-100%
Banks0.8%16,868.5%-100%
Open End and Miscellaneous Investment Vehicles0.3%759,907.2%-100%
Personal Care, Drug and Grocery Stores0.1%177.6%-100%
Tobacco-1.1%104.3%-100%
Telecommunications Service Providers-3%154.9%-100%
Medical Equipment and Services-3.1%8,514%-100%
Household Goods and Home Construction-4.8%14,584.4%-100%

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