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Saturday, November 23, 2024

Tampa company Odyssey Marine Exploration Inc. (OMEX:NAQ) working in Industrial Transportation sees value fall 53.9% in week ending May 7

Stock market 26 edited

Value in Industrial Transportation stocks rose 1.4 percent in the week ending May 7 from the previous week.

The strongest performing Industrial Transportation company in Florida was Ryder System Inc. (R:NYQ), sitting 77.1 percent higher to sell at $74.32.

Willis Lease Finance Corp. (WLFC:NMQ) fared the worst among Florida companies, suffering a 68.8 percent drop to $31.61.

Among Tampa companies, Odyssey Marine Exploration Inc. (OMEX:NAQ) saw the biggest fall in value of 53.9 percent in the week ending May 7.

The Construction and Materials industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.

Finance and Credit 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.

Rank of stock market industries in week ending May 7

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Construction and Materials7%77,822.1%-86.3%
Oil, Gas and Coal6%1,135.7%-87.8%
Leisure Goods3.7%850.5%-99.3%
Mortgage Real Estate Investment Trusts3.5%301.7%-94.9%
Life Insurance2.9%439.3%-67.9%
Chemicals2.6%390.6%-95%
Electronic and Electrical Equipment2.2%683.3%-94.9%
Alternative Energy2.1%490.2%-68.1%
Electricity1.4%216.3%-75.8%
Industrial Transportation1.4%328.2%-99%
Technology Hardware and Equipment1.3%381.7%-82.6%
Health Care Providers1%1,073.5%-83.3%
General Industrials0.8%178.2%-74.2%
Industrial Engineering0.8%4,443.1%-76.4%
Retailers0.6%975.8%-94.9%
Aerospace and Defense0.5%659.6%-81.4%
Non-life Insurance0.3%1,286%-72.2%
Gas, Water and Multi-utilities0.3%270.7%-86.4%
Banks-0.2%109,141.4%-99.1%
Automobiles and Parts-0.2%1,404%-89.1%
Open End and Miscellaneous Investment Vehicles-0.2%5,587,375.1%-99.9%
Industrial Materials-0.8%2,072.8%-68.2%
Personal Care, Drug and Grocery Stores-1%175.7%-84.3%
Closed End Investments-1%1,396.7%-99.5%
Household Goods and Home Construction-1%1,880.8%-90.3%
Tobacco-1.6%325.9%-62.7%
Investment Banking and Brokerage Services-2%1,738.8%-93.1%
Consumer Services-2.3%981.8%-99.4%
Telecommunications Service Providers-2.4%96,367.2%-83.5%
Waste and Disposal Services-2.5%445.6%-87.1%
Media-2.6%528.9%-86.9%
Industrial Metals and Mining-2.6%326.2%-92.4%
Travel and Leisure-2.7%1,497.1%-75.4%
Medical Equipment and Services-3%5,883.3%-74.3%
Beverages-3.1%238.5%-96.3%
Real Estate Investment Trusts-3.4%316.3%-81.9%
Industrial Support Services-3.5%1,600.1%-91.1%
Real Estate Investment and Services-3.7%2,457.8%-91%
Software and Computer Services-3.8%1,110.8%-99.9%
Telecommunications Equipment-4.1%1,264.1%-86.3%
Pharmaceuticals and Biotechnology-4.3%21,014.8%-96.8%
Food Producers-6.5%1,845,638.3%-72.6%
Personal Goods-6.6%597.3%-83.4%
Precious Metals and Mining-7.5%1,245.7%-68.9%
Finance and Credit Services-55.7%262.2%-54.9%

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