Value of Financials company Richmond Mutual Bancorporation Inc. (RMBI:NAQ) based in Richmond rose 97.1% in week ending Aug. 5

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Value in Financials stocks rose 0.5 percent in the week ending Aug. 5 from the previous week.

The strongest performing Financials company in Indiana was Finward Bancorp (FNWD:NAQ), sitting 169.1 percent higher to sell at $24.

CNO Financial Group Inc. (CNO:NYQ) fared the worst among Indiana companies, suffering a 96.9 percent drop to $24.84.

Among Richmond companies, Richmond Mutual Bancorporation Inc. (RMBI:NAQ) saw the highest rise in value of 97.1 percent in the week ending Aug. 5.

The Energy sector was the week’s best-performing sector on the market. The market is divided into 10 different sectors.

Utilities 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 in week ending Aug. 5

Sector% ChangeHighest Positive ChangeLargest Negative Change
Energy3.4%17,080.9%-100.0%
Financials0.5%2,265,900%-100.0%
Consumer Staples0.4%3,772.4%-100.0%
Consumer Discretionary-0.3%27,098.5%-100.0%
Real Estate-0.5%28,654.6%-100.0%
Industrials-0.8%49,804.8%-100.0%
Telecommunications-1.1%22,958.8%-100.0%
Health Care-1.5%22,233.5%-100.0%
Technology-2.2%32,790.3%-100.0%
Utilities-3.5%7,587.5%-100.0%

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