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Friday, December 27, 2024

Fairfax company WidePoint Corp. (WYY:ASQ) working in Software and Computer Services sees value rise 417.8% in week ending Sept. 17

Stock market 23 edited

Value in Software and Computer Services stocks fell 6.5 percent in the week ending Sept. 17 from the previous week.

The strongest performing Software and Computer Services company in Virginia was Science Applications International Corp. (SAIC:NYQ), sitting 824.7 percent higher to sell at $93.15.

Quantum Computing Inc. (QUBT:NAQ) experienced the smallest increase in share price among Virginia companies, rising 64.4 percent to sell at $2.75.

Among Fairfax companies, WidePoint Corp. (WYY:ASQ) saw the highest rise in value of 417.8 percent in the week ending Sept. 17.

The Beverages industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.

Telecommunications Service Providers 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 week ending Sept. 17

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Beverages23.9%849.2%-88.7%
Precious Metals and Mining3%1,888.3%-
Banks-0.2%799,526.4%-98%
Open End and Miscellaneous Investment Vehicles-0.3%2,091,996.3%-99.9%
Non-life Insurance-1.3%1,712.8%-68%
Health Care Providers-1.5%1,296.4%-49.4%
Gas, Water and Multi-utilities-2.3%866.6%-85.4%
Household Goods and Home Construction-2.5%1,251.8%-72%
Mortgage Real Estate Investment Trusts-2.7%1,213.9%-13.5%
Electricity-2.7%955.1%-12.5%
Travel and Leisure-3.2%2,561.6%-99.2%
Consumer Services-3.4%1,591.3%-93.8%
Pharmaceuticals and Biotechnology-3.4%53,860.3%-97.3%
Oil, Gas and Coal-3.5%3,305.6%-97.6%
Closed End Investments-3.5%855.8%-99.9%
Media-3.6%1,338.4%-99.4%
Investment Banking and Brokerage Services-3.6%7,139.4%-62%
Industrial Support Services-3.7%1,271.1%-98.9%
Waste and Disposal Services-3.7%976.6%-37.8%
Automobiles and Parts-3.7%478.9%-68.4%
Aerospace and Defense-3.7%2,422.4%-96.1%
Telecommunications Equipment-3.8%76,895.3%-65.1%
Technology Hardware and Equipment-4%3,020.6%-54.9%
Real Estate Investment and Services-4.3%1,255.5%-96.2%
Food Producers-4.4%1,956.3%-80.7%
Alternative Energy-4.5%782.1%-87%
Electronic and Electrical Equipment-4.8%897.4%-80.2%
Retailers-5.1%740%-70.4%
Real Estate Investment Trusts-5.2%1,583.4%-49%
Leisure Goods-5.6%16,917.6%-93.1%
Construction and Materials-6.4%4,937.9%-99.7%
Software and Computer Services-6.5%1,881%-83.7%
General Industrials-6.9%625%-48.8%
Medical Equipment and Services-7%29,905.8%-97%
Finance and Credit Services-7%1,349.1%-91.7%
Life Insurance-7%396.4%-52.2%
Chemicals-7.2%1,276.1%-97.9%
Industrial Engineering-7.3%58,039.5%-85.1%
Personal Care, Drug and Grocery Stores-7.5%570.4%-74%
Personal Goods-7.6%671.8%-73.6%
Industrial Transportation-8%1,413.8%-98.7%
Industrial Materials-8.1%1,176.6%-
Industrial Metals and Mining-9.1%2,145.2%-98.7%
Tobacco-10.5%935.6%-91%
Telecommunications Service Providers-13.9%3,437.1%-58.9%

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