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Nassau Standard

Wednesday, December 25, 2024

Value of Garden City-based Medical Equipment and Services company Beyond Air Inc. (XAIR:NAQ) rose 58.8% on Sept. 2

Stock market 2 edited

The value in Medical Equipment and Services stocks fell 3.6 percent on Sept. 2 from the previous day.

The strongest performing Medical Equipment and Services company in New York was Chembio Diagnostics Inc. (CEMI:NAQ), sitting 3,200.3 percent higher to sell at $0.64.

Nemaura Medical Inc. (NMRD:NAQ) fared the worst among New York companies, suffering a 78.2 percent drop to $1.92.

Among Garden City companies, Beyond Air Inc. (XAIR:NAQ) saw the highest rise in value of 58.8 percent on Sept. 2.

The Electronic and Electrical Equipment industry was the daily best-performing industry on the market. The market is divided into 45 different industries.

Consumer 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 on Sept. 2

Industry% ChangeHighest Positive ChangeLargest Negative Change
Electronic and Electrical Equipment55.2%359%-84.6%
Telecommunications Equipment52.8%358.4%-90.2%
Precious Metals and Mining49.8%328.5%-67.5%
Household Goods and Home Construction42.2%3,884,974.3%-77.6%
Telecommunications Service Providers42.2%110,135.7%-30.1%
Investment Banking and Brokerage Services35.7%2,142,343.5%-90.3%
Tobacco34.9%40.7%-96.9%
Industrial Metals and Mining26.7%373.1%-72.4%
Industrial Materials25.1%7.5%-90.9%
Retailers18.6%4,874,695.2%-87.7%
Waste and Disposal Services18.4%1,808%-94.1%
Media17.7%282,364.3%-86.2%
Food Producers17.3%18,614,848.3%-94%
Finance and Credit Services16.1%348%-68.2%
Construction and Materials14.7%472.1%-88.6%
Personal Goods13.9%7,273,272.5%-67%
Gas, Water and Multi-utilities10%1,529,282.7%-83%
Oil, Gas and Coal8.9%45,208,812.8%-98.2%
Travel and Leisure7.4%61,345,348.7%-95.3%
Alternative Energy7.2%142,227.1%-65%
Non-life Insurance6.9%58,900%-99.7%
Mortgage Real Estate Investment Trusts6.7%19,921,321.3%-86.7%
Real Estate Investment Trusts6.7%10,390.2%-68.6%
Life Insurance3.9%200.5%-49.5%
Open End and Miscellaneous Investment Vehicles1.8%11,659,139.5%-100%
Software and Computer Services0.9%341,698,776.4%-94%
General Industrials0.9%11,501,185.5%-90.1%
Beverages0.1%237.9%-69%
Closed End Investments-0.2%33,794,796.9%-86.3%
Technology Hardware and Equipment-0.4%6,493.2%-96.3%
Electricity-1.2%21,771,926.4%-62.3%
Chemicals-1.3%1,454,858.8%-88.8%
Health Care Providers-3.1%238.6%-80.8%
Medical Equipment and Services-3.6%6,020,678.5%-92.8%
Industrial Transportation-5.2%155%-73.9%
Personal Care, Drug and Grocery Stores-10.9%551,283,398.4%-89.3%
Pharmaceuticals and Biotechnology-12.4%186,128,669.4%-99.2%
Banks-13.8%137,286.6%-96.7%
Industrial Engineering-14%404,012,929.3%-87.2%
Leisure Goods-15.6%148,847,097.1%-89%
Aerospace and Defense-24.7%400.7%-77%
Industrial Support Services-25.1%6,687,900%-95.7%
Automobiles and Parts-39.1%2,619,512.8%-45.3%
Real Estate Investment and Services-39.8%1,244.7%-89.4%
Consumer Services-42.4%203%-67.5%

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