Value of Beverages company Brown-Forman Corp. (BF.B:NYQ) based in Louisville fell 53.6% in week ending Aug. 6

0Comments

Value in Beverages stocks fell 2.9 percent in the week ending Aug. 6 from the previous week.

The strongest performing Beverages company in Kentucky was Brown-Forman Corp. (BF.A:NYQ), sitting 15.5 percent higher to sell at $73.47.

North American Cannabis Holdings Inc. (USMJ:PKC) fared the worst among Kentucky companies, suffering a 78.9 percent drop to $0.0004.

The Medical Equipment and Services industry was the week’s best-performing industry on the market. The market is divided into 41 different industries.

Oil, Gas and Coal 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 Aug. 6

Industry Percentage Change Highest Positive Change Largest Negative Change
Medical Equipment and Services 13.1% 6,248,035.6% -100%
Alternative Energy 8% 2,199,711.8% -100%
Software and Computer Services 5.2% 126,372,573.1% -100%
Waste and Disposal Services 4.7% 163,163.5% -100%
Food Producers 3.7% 18,701,987.2% -100%
Telecommunications Service Providers 3.6% 10,139,224.9% -100%
Industrial Support Services 3.1% 253,445,801.6% -100%
Aerospace and Defense 3% 177,449.4% -100%
Telecommunications Equipment 2.6% 13,262,375.4% -99.9%
Banks 2.6% 3,157,793.8% -100%
Retailers 2.5% 27,555,039.7% -100%
Electronic and Electrical Equipment 2.1% 4,607,535.4% -100%
Industrial Materials 2.1% 1,113.8% -99.3%
Closed End Investments 1.8% 13,709,080.1% -100%
Leisure Goods 1.7% 296,674,756.7% -100%
Travel and Leisure 1.7% 399,775.2% -100%
Automobiles and Parts 1.4% 1,791,391.9% -100%
Life Insurance 1.3% 311,482.7% -100%
Industrial Transportation 1.3% 2,699,472.2% -100%
Industrial Engineering 1.1% 90,223,300.3% -100%
Construction and Materials 1.1% 46,692,507.7% -100%
Finance and Credit Services 1% 20,193,068.1% -100%
Personal Care, Drug and Grocery Stores 1% 133,475,811.8% -99.9%
Personal Goods 0.9% 4,940,485.4% -100%
Pharmaceuticals and Biotechnology 0.9% 20,282,216.5% -100%
Electricity 0.9% 6,800,274.5% -100%
Chemicals -0.4% 84,392.1% -100%
General Industrials -0.4% 101,430% -100%
Gas, Water and Multi-utilities -0.7% 43,452,576.3% -100%
Household Goods and Home Construction -0.7% 7,745,971.4% -100%
Precious Metals and Mining -0.8% 591,364.1% -100%
Real Estate Investment Trusts -1.3% 195,165,610.6% -100%
Non-life Insurance -1.4% 15,563,461.7% -100%
Mortgage Real Estate Investment Trusts -1.6% 329,547.3% -100%
Real Estate Investment and Services -1.7% 2,370,244.8% -100%
Investment Banking and Brokerage Services -1.8% 1,106,694.5% -100%
Media -2.6% 487,008.1% -100%
Beverages -2.9% 9,363,305.2% -100%
Tobacco -3.1% 206,701.7% -100%
Technology Hardware and Equipment -3.7% 186,225.9% -100%
Oil, Gas and Coal -3.9% 128,426,683.5% -100%


Related

Congressman Morgan McGarvey

Rep. Morgan McGarvey addresses gas prices, healthcare cuts, and student outreach on social media

Rep. Morgan McGarvey used Twitter in April to discuss rising gas prices, criticize former President Trump’s tax and healthcare policies, and promote a virtual event for Louisville students interested in congressional nominations.

Congressman Morgan McGarvey

Rep. Morgan McGarvey criticizes Russ Vought and GOP policies on social media

On April 15, Rep. Morgan McGarvey posted several tweets criticizing Russ Vought and Republican actions regarding federal aid programs such as LIHEAP and food benefits for mothers and children.

Congressman Morgan McGarvey

Morgan McGarvey reflects on Old National Bank tragedy and Holocaust Remembrance Day

Rep. Morgan McGarvey marked three years since the Old National Bank mass shooting with a message remembering victims and honoring first responders on April 10.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Louisville City Wire.