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Burlington Reporter

Friday, November 22, 2024

Burlington company Laboratory Corporation of America Holdings (LH:NYQ) working in Health Care sees value fall 15.3% on Aug. 31

Stock market 17 edited

Value in Health Care stocks fell 1.4 percent on Aug. 31 from the previous day.

The strongest performing Health Care company in North Carolina was Chimerix Inc. (CMRX:NMQ), sitting 11,754.6 percent higher to sell at $2.2.

IQVIA Holdings Inc. (IQV:NYQ) fared the worst among North Carolina companies, suffering a 99.6 percent drop to $212.66.

Among Burlington companies, Laboratory Corporation of America Holdings (LH:NYQ) saw the biggest fall in value of 15.3 percent on Aug. 31.

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

Financials 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 Aug. 31

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Staples59.9%682,825.2%-100%
Energy18.1%458,753,488.5%-100%
Consumer Discretionary11.8%645,225,252.1%-100%
Technology10.5%19,903,546.7%-100%
Industrials6.6%14,766,980.7%-100%
Utilities0.9%194,883,318.1%-99.2%
Health Care-1.4%37,374,096.2%-100%
Telecommunications-5.9%1,128,384.8%-94.7%
Real Estate-10.9%79,640,925.6%-100%
Basic Materials-12.2%66,976,711.3%-100%
Financials-31.4%1,648,878,873.1%-100%

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