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Wednesday, November 27, 2024

Value of Consumer Services company Chegg Inc. (CHGG:NYQ) based in Santa Clara fell 17% in week ending July 23

Stock market 25 edited

Value in Consumer Services stocks rose 4.6 percent in the week ending July 23 from the previous week.

The strongest performing Consumer Services company in California was HyreCar Inc. (HYRE:NAQ), sitting 241.7 percent higher to sell at $0.7901.

PowerSchool Holdings Inc. (PWSC:NYQ) fared the worst among California companies, suffering a 51.5 percent drop to $14.36.

Among Santa Clara companies, Chegg Inc. (CHGG:NYQ) saw the biggest fall in value of 17 percent in the week ending July 23.

The Medical Equipment and Services industry was the week’s best-performing industry on the market. The market is divided into 44 different industries.

Pharmaceuticals and Biotechnology 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 23

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Medical Equipment and Services11.7%2,960.3%-97.5%
Life Insurance7%48.6%-91.5%
Household Goods and Home Construction6.8%249.9%-73.4%
Technology Hardware and Equipment6.8%1,615.7%-61.9%
General Industrials6.5%3,073.5%-80.4%
Industrial Metals and Mining6.3%494.7%-99.9%
Chemicals6.2%895.4%-70.3%
Personal Goods6.1%2,713%-84.4%
Industrial Engineering6.1%1,876%-92.3%
Real Estate Investment and Services6%525.9%-93.2%
Industrial Transportation5.9%299.1%-90.7%
Leisure Goods5.5%704.7%-73.2%
Tobacco5.2%4,071.5%-60.5%
Construction and Materials4.7%390.3%-99.2%
Consumer Services4.6%353.2%-93.9%
Oil, Gas and Coal4.6%999%-85.1%
Industrial Materials4.5%153.4%-50%
Alternative Energy4.4%403%-66.4%
Finance and Credit Services4.3%817.5%-87.6%
Telecommunications Equipment3.9%453.3%-96.8%
Industrial Support Services3.9%1,461.8%-97.8%
Investment Banking and Brokerage Services3.8%829%-88.7%
Mortgage Real Estate Investment Trusts3.8%78.4%-81.5%
Software and Computer Services3.7%9,075.2%-95.3%
Electronic and Electrical Equipment3.6%1,040.7%-99.4%
Telecommunications Service Providers3.1%713.6%-94.5%
Banks2.8%8,302.3%-93.4%
Travel and Leisure2.8%4,492.7%-99.1%
Real Estate Investment Trusts2.7%361.6%-77%
Waste and Disposal Services2.3%731.6%-75.1%
Beverages2.2%624.8%-70.9%
Health Care Providers1.9%14,241.2%-92.1%
Personal Care, Drug and Grocery Stores1.9%111%-95.8%
Food Producers1.9%1,168.7%-77.3%
Media1.2%11,338.5%-94.4%
Closed End Investments1.2%1,065.7%-94.5%
Aerospace and Defense1.1%13,894.9%-66.5%
Automobiles and Parts1.1%305.5%-99.7%
Precious Metals and Mining0.9%123.7%-81.6%
Retailers0.2%90,591.7%-88.1%
Open End and Miscellaneous Investment Vehicles0.1%227,305.5%-100%
Non-life Insurance-0.4%1,905.1%-90.7%
Electricity-0.5%911%-68.1%
Pharmaceuticals and Biotechnology-0.7%4,075.3%-99.6%

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