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Sunday, November 24, 2024

Westlake Village-based Mortgage Real Estate Investment Trusts company PennyMac Mortgage Investment Trust (PMT:NYQ) sees value rise 1,166,240% in week ending Oct. 15

Stock market 26 edited

Value in Mortgage Real Estate Investment Trusts stocks rose 0.8 percent in the week ending Oct. 15 from the previous week.

The strongest performing Mortgage Real Estate Investment Trusts company in California was Redwood Trust Inc. (RWT:NYQ), sitting 5,399,420 percent higher to sell at $6.1.

Brightspire Capital Inc. (BRSP:NYQ) fared the worst among California companies, suffering a 32.5 percent drop to $6.79.

Among Westlake Village companies, PennyMac Mortgage Investment Trust (PMT:NYQ) saw the highest rise in value of 1,166,240 percent in the week ending Oct. 15.

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

Travel and Leisure 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 Oct. 15

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Life Insurance6.5%226,592,565.8%-85.2%
Beverages5%18,823,083.3%-89.1%
Food Producers4.7%179,820,718.4%-75.1%
Investment Banking and Brokerage Services3.9%239,131,027.9%-99.5%
Tobacco2.6%11,693,434.8%-67.3%
Banks2.1%1,639,836,432.5%-99.8%
Personal Care, Drug and Grocery Stores2%141,525,312.9%-87.8%
Real Estate Investment and Services1.9%1,543,959.4%-99.9%
Leisure Goods1.1%14,211,272%-73.1%
Non-life Insurance0.9%142,518,697%-89.6%
Mortgage Real Estate Investment Trusts0.8%27,684,447.4%-80%
Industrial Transportation0.4%195,004,456.8%-70.3%
Gas, Water and Multi-utilities0.3%870,535.4%-90.6%
Retailers0.2%19,242,376.9%-91%
Electronic and Electrical Equipment-0.2%339,480.1%-94.9%
Industrial Materials-0.2%14,838,741.3%-16.1%
Open End and Miscellaneous Investment Vehicles-0.3%8,207,900%-99.9%
Real Estate Investment Trusts-0.4%222,147,369.1%-70.7%
Media-0.7%152,851,569.5%-87.8%
Industrial Engineering-0.8%75,012,411.3%-99.2%
General Industrials-0.8%142,771,955.6%-91.6%
Consumer Services-0.9%62,878,583.4%-77.8%
Pharmaceuticals and Biotechnology-1.3%564,055,408.8%-97.1%
Automobiles and Parts-1.3%5,371,182.6%-50.7%
Waste and Disposal Services-1.4%26,628,004.9%-99.4%
Industrial Support Services-1.5%606,189,913%-95.2%
Chemicals-1.6%39,305,148.6%-95.9%
Health Care Providers-1.6%215,817,390.5%-95.9%
Electricity-2.1%64,206,636.4%-53.5%
Closed End Investments-2.2%2,724,772.7%-98.5%
Personal Goods-2.6%707,185,788.7%-75%
Aerospace and Defense-2.9%51,151,344.3%-92.7%
Finance and Credit Services-2.9%29,203,338.4%-91.1%
Telecommunications Service Providers-3%237,373,034.3%-95.6%
Oil, Gas and Coal-3.1%218,730,919.5%-93%
Medical Equipment and Services-3.5%26,911,731%-95.9%
Precious Metals and Mining-3.7%1,306,263.8%-75.6%
Technology Hardware and Equipment-4.1%3,672,510.3%-95%
Household Goods and Home Construction-4.5%82,290,827.1%-92.6%
Telecommunications Equipment-6.3%102,997,855.2%-91.6%
Industrial Metals and Mining-6.4%142,309,536.1%-97.8%
Software and Computer Services-7.3%70,494,017.7%-99%
Construction and Materials-7.9%137,402,699.2%-80.2%
Alternative Energy-10%53,943,750.8%-84.3%
Travel and Leisure-12.3%7,807,192.6%-93.3%

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