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East Montgomery Times

Saturday, September 21, 2024

Value of Medical Equipment and Services company Globus Medical Inc. (GMED:NYQ) based in Audubon fell 33.9% in August

Stock market 25 edited

Value in Medical Equipment and Services stocks fell five percent in August from the previous month.

The strongest performing Medical Equipment and Services company in Pennsylvania was West Pharmaceutical Services Inc. (WST:NYQ), sitting 403,903 percent higher to sell at $300.45.

TELA Bio Inc. (TELA:NMQ) fared the worst among Pennsylvania companies, suffering an 89.1 percent drop to $8.41.

Among Audubon companies, Globus Medical Inc. (GMED:NYQ) saw the biggest fall in value of 33.9 percent in August.

The Telecommunications Equipment industry was the month’s best-performing industry on the market. The market is divided into 45 different industries.

Alternative Energy 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 August

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Telecommunications Equipment9.6%593,905.5%-99.8%
Beverages7.3%1,994,216.7%-84.6%
Waste and Disposal Services6.9%82,074.6%-99.6%
Precious Metals and Mining6.7%1,107,037.5%-99.9%
Industrial Materials6.4%94.3%-99.9%
Construction and Materials5.7%7,882,515.2%-99.7%
Oil, Gas and Coal5.5%179,989,805.8%-99.9%
Industrial Metals and Mining4.6%22,200,481.6%-99.9%
Pharmaceuticals and Biotechnology3.4%24,595,137.4%-99.9%
Chemicals3.2%9,477,806%-99.9%
Non-life Insurance3.1%5,147,033.9%-99.9%
Aerospace and Defense2.9%12,366,719.3%-99.9%
Electricity2.8%1,839,584,315.6%-86.6%
Retailers2.8%137,727,562.6%-99.9%
Food Producers2.7%11,573,190.4%-99.9%
Life Insurance2.4%316,140.3%-99.9%
Software and Computer Services1.7%41,187,555.7%-99.9%
Personal Care, Drug and Grocery Stores1.7%45,627,660.3%-98.5%
Banks1.1%1,797,053.4%-99.9%
Media0.8%371,393.1%-99.9%
Travel and Leisure0.7%57,605,300.5%-99.9%
Industrial Transportation0.3%3,655,174%-99.9%
Industrial Engineering0.2%21,875,820.5%-99.9%
Automobiles and Parts-0.2%267,941.2%-99.9%
Industrial Support Services-0.4%10,244,374.5%-99.9%
Open End and Miscellaneous Investment Vehicles-0.6%8,045,304.7%-99.9%
Finance and Credit Services-0.8%33,404,043.1%-99.9%
Personal Goods-1.1%6,086,640.6%-99.9%
General Industrials-1.7%8,173,921.9%-96.7%
Consumer Services-1.8%24,597,490.4%-99.9%
Closed End Investments-2.1%10,346,183.5%-99.9%
Gas, Water and Multi-utilities-2.3%45,992,856.2%-99.9%
Health Care Providers-3.8%61,384,128.5%-99.9%
Real Estate Investment and Services-4%340,877.5%-99.9%
Household Goods and Home Construction-4.2%12,834,014.8%-99.1%
Leisure Goods-4.4%18,083,447.9%-99.9%
Technology Hardware and Equipment-4.9%2,212,400%-99.9%
Medical Equipment and Services-5%13,080,516.5%-99.9%
Mortgage Real Estate Investment Trusts-5.2%24,112,387.4%-99.9%
Real Estate Investment Trusts-5.6%59,533,352.3%-99.9%
Electronic and Electrical Equipment-5.8%3,875,001.8%-99.9%
Investment Banking and Brokerage Services-5.8%82,780,743.9%-99.9%
Tobacco-8.5%97,374,604.1%-99.9%
Telecommunications Service Providers-10.7%3,044,594.1%-99.7%
Alternative Energy-45.2%118,190,841.4%-99.9%

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