Columbus-based Industrial Engineering company Cummins Inc. (CMI:NYQ) sees value rise 56.2% on Sept. 27

Public Policy
Stock market 23 edited

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

The value in Industrial Engineering stocks rose 6.5 percent on Sept. 27 from the previous day.

The strongest performing Industrial Engineering company in Indiana was Cummins Inc. (CMI:NYQ), sitting 56.2 percent higher to sell at $203.17.

Hillenbrand Inc. (HI:NYQ) fared the worst among Indiana companies, suffering a 70 percent drop to $36.65.

Among Columbus companies, Cummins Inc. (CMI:NYQ) saw the highest rise in value of 56.2 percent on Sept. 27.

The Food Producers industry was the daily best-performing industry on the market. The market is divided into 44 different industries.

Household Goods and Home Construction 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 on Sept. 27

Industry% ChangeHighest Positive ChangeLargest Negative Change
Food Producers172.3%889.5%-100%
Waste and Disposal Services55.2%2,148.8%-25.2%
Beverages39.1%755.2%-100%
Technology Hardware and Equipment31.3%5,962.3%-100%
Investment Banking and Brokerage Services8.6%1,400%-100%
Pharmaceuticals and Biotechnology8.5%64,995,147.1%-100%
Industrial Engineering6.5%3,825,885.4%-100%
Health Care Providers5.7%1,241.2%-100%
Automobiles and Parts5%6,426.6%-100%
Real Estate Investment and Services4.9%282.4%-100%
Leisure Goods4.7%12,347,372.4%-100%
Closed End Investments4%131,378.3%-100%
Industrial Metals and Mining3.4%19,773.7%-100%
Alternative Energy2.6%1,848.3%-100%
General Industrials2.4%69,302,382.7%-100%
Construction and Materials1.8%9,448,172.2%-100%
Retailers0.8%100,250.4%-100%
Gas, Water and Multi-utilities0.6%1,621.9%-57.7%
Open End and Miscellaneous Investment Vehicles-0.4%657,588.6%-100%
Medical Equipment and Services-0.5%1,914,404%-100%
Industrial Support Services-1.9%814.1%-100%
Oil, Gas and Coal-2.1%1,458,334.4%-100%
Electricity-2.1%484.3%-100%
Real Estate Investment Trusts-2.5%6,805,878.2%-100%
Non-life Insurance-3.1%589.5%-100%
Media-5.8%48,257.6%-100%
Consumer Services-6.1%282.5%-100%
Telecommunications Service Providers-6.1%2,378.5%-37.2%
Industrial Transportation-6.7%114,683.7%-100%
Travel and Leisure-8.1%84,462.5%-100%
Mortgage Real Estate Investment Trusts-8.6%39,543.5%-100%
Chemicals-9.3%7,380.8%-100%
Personal Care, Drug and Grocery Stores-9.8%62,102.8%-100%
Finance and Credit Services-9.9%567.7%-100%
Industrial Materials-10.4%474.9%-100%
Aerospace and Defense-10.7%19,119.7%-100%
Banks-11.3%4,167.7%-100%
Life Insurance-16.3%348%-100%
Personal Goods-17.4%11,173.6%-100%
Telecommunications Equipment-18%200.6%-99.7%
Electronic and Electrical Equipment-27.6%265,708,951.1%-100%
Tobacco-46.5%1,193.2%-100%
Precious Metals and Mining-62.2%67,258%-100%
Household Goods and Home Construction-79.6%262,046.8%-100%

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS