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Sunday, December 22, 2024

Allentown company Crossamerica Partners LP (CAPL:NYQ) working in Oil, Gas and Coal sees value rise 142.9% in week ending May 14

Stock market 21 edited

Value in Oil, Gas and Coal stocks fell 5.4 percent in the week ending May 14 from the previous week.

The strongest performing Oil, Gas and Coal company in Pennsylvania was Crossamerica Partners LP (CAPL:NYQ), sitting 142.9 percent higher to sell at $19.67.

CONSOL Energy Inc. (CEIX:NYQ) fared the worst among Pennsylvania companies, suffering a 39.7 percent drop to $48.15.

The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 43 different industries.

Banks 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 14

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Finance and Credit Services110.5%70.8%-73.8%
Tobacco9.4%2,108.5%-33.7%
Leisure Goods5.4%8,428.8%-83.1%
Consumer Services3.7%3,900%-76.2%
Beverages3.1%1,111%-90%
Gas, Water and Multi-utilities2.7%2,377.3%-62.4%
Real Estate Investment and Services1.8%1,103.1%-98.5%
Non-life Insurance1%1,842.3%-93.2%
Food Producers1%1,014.2%-97.7%
Telecommunications Equipment0.6%488.5%-93%
Industrial Materials0.5%86.6%-59.7%
Life Insurance0.2%290.2%-74.4%
Technology Hardware and Equipment0.2%1,077.9%-75.7%
Personal Goods-0.2%609.5%-75.8%
Travel and Leisure-0.4%4,914.3%-94.5%
Personal Care, Drug and Grocery Stores-0.5%3,661.7%-66.1%
Open End and Miscellaneous Investment Vehicles-0.8%3,295,990.5%-100%
Retailers-0.9%1,541.2%-93.1%
Electricity-1.4%110%-64%
Industrial Support Services-1.5%25,310.6%-88.4%
Industrial Engineering-1.7%7,736.5%-99.6%
Mortgage Real Estate Investment Trusts-1.7%2,114.5%-48.7%
Pharmaceuticals and Biotechnology-1.9%8,158.6%-96.1%
Chemicals-2.5%802.5%-63.3%
Household Goods and Home Construction-2.7%1,816.1%-89.9%
Media-2.7%5,834.7%-81.3%
General Industrials-2.7%243.6%-71.1%
Real Estate Investment Trusts-2.8%490.8%-74.3%
Closed End Investments-2.9%35,307%-93.4%
Investment Banking and Brokerage Services-3%9,477%-93.4%
Industrial Transportation-3.3%4,201.5%-57.8%
Software and Computer Services-3.4%15,787.8%-99%
Waste and Disposal Services-3.5%378.4%-88.6%
Health Care Providers-3.6%902.6%-83.6%
Aerospace and Defense-4.1%1,918.8%-88.5%
Electronic and Electrical Equipment-4.6%7,194.9%-79.9%
Construction and Materials-5.4%936.3%-80.4%
Oil, Gas and Coal-5.4%761.2%-99%
Industrial Metals and Mining-6%2,053.9%-74.6%
Alternative Energy-6.6%241.7%-80%
Medical Equipment and Services-8.7%1,479%-98.9%
Precious Metals and Mining-9%623%-96.1%
Banks-49.2%3,809.7%-99.7%

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