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Lafayette Reporter

Thursday, November 7, 2024

Value of Scott-based Financials company ESP Resources Inc. (ESPI:PKC) fell 95.4% in Q2

Stock market 8 edited

Value in Financials stocks fell 18.9 percent in the second quarter of 2022 from the previous quarter.

The strongest performing Financials company in Louisiana was First Guaranty Bancshares Inc. (FGBI:NMQ), sitting 406.9 percent higher to sell at $24.31.

ESP Resources Inc. (ESPI:PKC) fared the worst among Louisiana companies, suffering a 95.4 percent drop to $0.0039.

The Energy sector was the quarter’s best-performing sector on the market. The market is divided into 11 different sectors.

Technology 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 in Q2

Sector% ChangeHighest Positive ChangeLargest Negative Change
Energy4.7%1,133.7%-95.5%
Consumer Staples-4.3%4,949.5%-99.8%
Utilities-7%590.4%-91.6%
Telecommunications-10.7%13,758.6%-99.9%
Consumer Discretionary-13.5%15,926%-99.8%
Basic Materials-13.9%992.4%-99.4%
Industrials-14%5,634.2%-99.9%
Health Care-15.6%453,051.6%-99.9%
Real Estate-17.3%1,576.2%-99.8%
Financials-18.9%897,354.1%-99.9%
Technology-21.9%1,124.8%-99.8%

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