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Sunday, November 24, 2024

Value of Tampa-based Health Care company Oragenics Inc. (OGEN:ASQ) rose 59% on Sept. 1

Stock market 21 edited

Value in Health Care stocks fell 1.4 percent on Sept. 1 from the previous day.

The strongest performing Health Care company in Florida was Cyclo Therapeutics Inc. (CYTH:NAQ), sitting 309.1 percent higher to sell at $2.07.

First Wave BioPharma Inc. (FWBI:NAQ) fared the worst among Florida companies, suffering a 95.5 percent drop to $2.97.

Among Tampa companies, Oragenics Inc. (OGEN:ASQ) saw the highest rise in value of 59 percent on Sept. 1.

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.

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. 1

Sector% ChangeHighest Positive ChangeLargest Negative Change
Financials6.6%91,794,391.5%-100%
Basic Materials2%303,214,185.7%-100%
Utilities0.3%12,842,005.3%-100%
Real Estate0.2%210,927,120.4%-100%
Consumer Discretionary-0.8%57,381,526.1%-100%
Health Care-1.4%273,816,462.8%-100%
Technology-2.5%126,062,060.6%-100%
Consumer Staples-2.6%12,225,254.1%-100%
Energy-3.2%116,808,233.3%-100%
Industrials-6.5%142,455,446.1%-100%
Telecommunications-8.6%3,885.3%-100%

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