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Friday, November 15, 2024

Colorado Springs company Century Casinos Inc. (CNTY:NAQ) working in Consumer Discretionary sees value fall 33.9% on Sept. 2

Stock market 1 edited

Value in Consumer Discretionary stocks rose 11.8 percent on Sept. 2 from the previous day.

The strongest performing Consumer Discretionary company in Colorado was VF Corp. (VFC:NYQ), dropping 15.3 percent to sell at $40.6.

Auddia Inc. (AUUD:NAQ) fared the worst among Colorado companies, suffering a 76.8 percent drop to $1.17.

Among Colorado Springs companies, Century Casinos Inc. (CNTY:NAQ) saw the biggest fall in value of 33.9 percent on Sept. 2.

The Telecommunications sector was the daily best-performing sector on the market.

Health Care 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 Sept. 2

Sector% ChangeHighest Positive ChangeLargest Negative Change
Telecommunications40%110,135.7%-90.2%
Financials39.7%33,794,796.9%-100%
Basic Materials12.8%1,454,858.8%-90.9%
Consumer Discretionary11.8%148,847,097.1%-95.3%
Energy9.3%45,208,812.8%-98.2%
Utilities5.9%21,771,926.4%-94.1%
Real Estate5.1%10,390.2%-89.4%
Consumer Staples5%551,283,398.4%-96.9%
Technology0.5%341,698,776.4%-96.3%
Industrials-1.9%404,012,929.3%-95.7%
Health Care-4.2%186,128,669.4%-99.2%

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