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Utah Valley Times

Sunday, September 22, 2024

Provo-based Industrial Support Services company Vivint Smart Home Inc. (VVNT:NYQ) sees value fall 53.8% in March

Stock market 2 edited

Value in Industrial Support Services stocks rose 6.4 percent in March from the previous month.

The strongest performing Industrial Support Services company in Utah was Franklin Covey Co. (FC:NYQ), sitting 97 percent higher to sell at $49.3.

Vivint Smart Home Inc. (VVNT:NYQ) fared the worst among Utah companies, suffering a 53.8 percent drop to $7.03.

The Alternative Energy industry was the month’s best-performing industry on the market. The market is divided into 44 different industries.

Personal Goods 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.

Rank of stock market industries in March

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Alternative Energy17.7%314.2%-100%
Oil, Gas and Coal17.3%46,089%-89%
Precious Metals and Mining15.8%8,851.6%-97.2%
Investment Banking and Brokerage Services14%283,009.5%-91.9%
Waste and Disposal Services11.6%483.8%-78.7%
Telecommunications Service Providers10.5%5,819,839%-59.3%
Non-life Insurance10.1%126%-81.5%
Gas, Water and Multi-utilities9.2%1,512%-94.2%
Electricity8.6%333.6%-73.9%
Industrial Metals and Mining8%1,872%-94.6%
Chemicals7.2%3,683.3%-77.9%
Industrial Support Services6.4%3,120.1%-96.8%
Food Producers6.2%129,211.6%-92.8%
Health Care Providers5.6%1,216.7%-86.5%
Aerospace and Defense5.5%1,211.2%-86.9%
Industrial Transportation5.2%1,052.7%-97.8%
Real Estate Investment Trusts4.7%293.2%-92.8%
Industrial Engineering4.6%3,806.7%-96.1%
Personal Care, Drug and Grocery Stores4.1%306.7%-80.6%
Consumer Services3.7%1,860.1%-66.9%
Software and Computer Services3.5%177,715.8%-99.1%
Finance and Credit Services2.9%407.1%-92.8%
Travel and Leisure2.6%312.4%-95.1%
Telecommunications Equipment2.2%2,301.5%-90.4%
Beverages2.2%2,981.5%-87.2%
Pharmaceuticals and Biotechnology1.5%52,828.5%-99.2%
Construction and Materials1.5%15,654.7%-83.4%
Retailers1.5%5,604.6%-95.2%
Real Estate Investment and Services1.2%870,733.3%-89.8%
Mortgage Real Estate Investment Trusts1.2%273%-85.8%
General Industrials0.8%354.8%-73.7%
Electronic and Electrical Equipment0.8%5,729%-99.9%
Open End and Miscellaneous Investment Vehicles0.3%172,904.8%-100%
Medical Equipment and Services0.2%132,389.8%-98.2%
Life Insurance-0.2%214%-85.1%
Media-0.5%66,559.6%-94.9%
Technology Hardware and Equipment-0.6%1,051.3%-72.3%
Closed End Investments-0.8%2,289.7%-98%
Industrial Materials-1.4%285.7%-77%
Automobiles and Parts-4%386.4%-81.3%
Tobacco-4.5%565.7%-68.6%
Leisure Goods-5.2%2,446.8%-92.3%
Household Goods and Home Construction-5.9%2,703.1%-97.2%
Personal Goods-7%5,134.8%-70.9%

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