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Monday, November 4, 2024

Apple Valley company Bridgewater Bancshares Inc. (BWB:NAQ) working in Financials sees value rise 34.2% on Aug. 30

Stock market 21 edited

Value in Financials stocks rose 7.4 percent on Aug. 30 from the previous day.

The strongest performing Financials company in Minnesota was HMN Financial Inc. (HMNF:NMQ), sitting 129.3 percent higher to sell at $22.68.

Ameriprise Financial Inc. (AMP:NYQ) fared the worst among Minnesota companies, suffering a 13.8 percent drop to $268.42.

Among Apple Valley companies, Bridgewater Bancshares Inc. (BWB:NAQ) saw the highest rise in value of 34.2 percent on Aug. 30.

The Basic Materials 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 Aug. 30

Sector% ChangeHighest Positive ChangeLargest Negative Change
Basic Materials11.7%6,523,971.5%-100%
Consumer Staples8.1%16,650,836.4%-100%
Real Estate7.6%14,324.6%-100%
Financials7.4%99,863,052.3%-100%
Consumer Discretionary1.8%45,258,057.2%-100%
Technology1.1%9,270,422.8%-100%
Utilities-3%2,928%-100%
Telecommunications-5.9%26,481.5%-100%
Industrials-8.4%24,509,801.1%-100%
Health Care-10.5%149,476,514.7%-100%
Energy-28.7%15,735,083.7%-100%

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