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Friday, November 1, 2024

Value of Liberty-based Utilities company Ferrellgas Partners LP (FGPR:PKC) fell 13.8% on Oct. 19

Stock market 8 edited

Value in Utilities stocks fell 8.5 percent on Oct. 19 from the previous day.

The strongest performing Utilities company in Missouri was Ferrellgas Partners LP (FGPR:PKC), dropping 13.8 percent to sell at $9.56.

Evergy Inc. (EVRG:NYQ) fared the worst among Missouri companies, suffering a 38.2 percent drop to $58.32.

Among Liberty companies, Ferrellgas Partners LP (FGPR:PKC) saw the biggest fall in value of 13.8 percent on Oct. 19.

The Consumer Staples sector was the daily best-performing sector on the market.

Energy 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 Oct. 19

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Staples100.4%396,388,849.3%-100%
Basic Materials22.6%6,637,915.1%-100%
Consumer Discretionary17.4%249,238,143.4%-100%
Technology5.7%43,971,262%-100%
Real Estate3.3%2,557,024.5%-100%
Industrials-5.8%62,937,372.4%-100%
Utilities-8.5%9,399,943.5%-82.4%
Telecommunications-8.9%3,606,537.8%-99.6%
Financials-15%64,061,231.4%-100%
Health Care-15.9%573,660,046.7%-100%
Energy-28.3%1,640,427,380.9%-100%

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