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Thursday, November 28, 2024

Value of Silver Spring-based Technology company BTCS Inc. (BTCS:NAQ) rose 63.8% on July 15

Stock market 5 edited

Value in Technology stocks rose 1.3 percent on July 15 from the previous day.

The strongest performing Technology company in Maryland was GSE Systems Inc. (GVP:NAQ), sitting 179.9 percent higher to sell at $1.16.

BigBear.ai Holdings Inc. (BBAI:NYQ) fared the worst among Maryland companies, suffering a 23.7 percent drop to $3.61.

Among Silver Spring companies, BTCS Inc. (BTCS:NAQ) saw the highest rise in value of 63.8 percent on July 15.

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

Telecommunications 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.

Rank of stock market sectors on July 15

Sector% ChangeHighest Positive ChangeLargest Negative Change
Financials3.5%60,409,346.3%-100%
Basic Materials2.5%28,308,303.4%-83.2%
Energy2.1%127,804,189.5%-93.9%
Real Estate1.9%57,793,061.3%-92.8%
Industrials1.7%513,111,802.6%-98.4%
Health Care1.5%30,881,829.3%-97.6%
Consumer Staples1.3%588,564.4%-94.1%
Technology1.3%4,662,721.3%-87.3%
Utilities0.8%15,524,472.3%-72.9%
Consumer Discretionary0.2%54,838,687.7%-93.9%
Telecommunications-1.8%438,555,653.6%-86%

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