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Baltimore City Wire

Thursday, November 7, 2024

Value of Financials company Adams Diversified Equity Fund (ADX:NYQ) based in Baltimore rose 66.4% on Aug. 30

Stock market 8 edited

Value in Financials stocks rose 7.4 percent on Aug. 30 from the previous day.

The strongest performing Financials company in Maryland was Adams Diversified Equity Fund (ADX:NYQ), sitting 66.4 percent higher to sell at $16.15.

Eagle Bancorp Inc. (EGBN:NAQ) experienced the smallest increase in share price among Maryland companies, rising 65.6 percent to sell at $48.67.

Among Baltimore companies, Adams Diversified Equity Fund (ADX:NYQ) saw the highest rise in value of 66.4 percent on Aug. 30.

The Basic Materials sector was the daily best-performing sector on the market.

Energy 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. 30

Sector% ChangeHighest Positive ChangeLargest Negative Change
Basic Materials11.7%6,523,971.5%-100%
Consumer Staples8.1%16,650,836.4%-100%
Real Estate7.6%14,324.6%-100%
Financials7.4%99,863,052.3%-100%
Consumer Discretionary1.8%45,258,057.2%-100%
Technology1.1%9,270,422.8%-100%
Utilities-3%2,928%-100%
Telecommunications-5.9%26,481.5%-100%
Industrials-8.4%24,509,801.1%-100%
Health Care-10.5%149,476,514.7%-100%
Energy-28.7%15,735,083.7%-100%

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