Carmel company KAR Auction Services Inc. (KAR:NYQ) working in Consumer Discretionary sees value rise 85,868,400% in week ending Oct. 22

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Value in Consumer Discretionary stocks rose 5.4 percent in the week ending Oct. 22 from the previous week.

The strongest performing Consumer Discretionary company in Indiana was KAR Auction Services Inc. (KAR:NYQ), sitting 85,868,447.8 percent higher to sell at $13.5.

LCI Industries (LCII:NYQ) fared the worst among Indiana companies, suffering a 12.1 percent drop to $98.21.

Among Carmel companies, KAR Auction Services Inc. (KAR:NYQ) saw the highest rise in value of 85,868,400 percent in the week ending Oct. 22.

The Energy sector was the week’s best-performing sector on the market. The market is divided into 11 different sectors.

Consumer Staples 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 Oct. 22

Sector% ChangeHighest Positive ChangeLargest Negative Change
Energy7.8%740,595,455.6%-96.9%
Basic Materials7.3%139,886,648.5%-95.9%
Telecommunications5.6%13,214,088%-91.8%
Consumer Discretionary5.4%130,868,258.2%-96.3%
Technology5.4%482,299,558.1%-98.4%
Industrials5%301,817,789.7%-99.4%
Financials3.6%119,910,429.9%-100.0%
Utilities2.3%411,159,140.6%-66.5%
Real Estate2.1%128,651,200.2%-96.8%
Health Care1.2%1,225,221,511.7%-100.0%
Consumer Staples0.8%123,189,694.3%-91.6%

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