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Saturday, November 23, 2024

Melbourne-based Aerospace and Defense company L3harris Technologies Inc. (LHX:NYQ) sees value fall 57% in May

Stock market 5 edited

Value in Aerospace and Defense stocks rose 0.8 percent in May from the previous month.

The strongest performing Aerospace and Defense company in Florida was Cadre Holdings Inc. (CDRE:NYQ), sitting 273 percent higher to sell at $27.26.

L3harris Technologies Inc. (LHX:NYQ) fared the worst among Florida companies, suffering a 57 percent drop to $240.92.

The Telecommunications Service Providers industry was the month’s best-performing industry on the market. The market is divided into 42 different industries.

Precious Metals and Mining 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 May

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Telecommunications Service Providers13.4%3,502.9%-77.2%
Oil, Gas and Coal13.2%2,519.3%-79.1%
Alternative Energy8.8%209.3%-63.9%
Electricity6%225.7%-77.5%
Non-life Insurance5.8%299.9%-90.5%
Chemicals5.5%815.7%-90.2%
Life Insurance5.1%1,070.4%-64.4%
Leisure Goods4.6%595.5%-77.6%
Gas, Water and Multi-utilities4.4%1,495.1%-91%
Automobiles and Parts4.1%1,985.7%-85.2%
Construction and Materials3.5%21,490.9%-87.8%
General Industrials3.3%353.9%-85.8%
Tobacco3.1%1,011.2%-99.3%
Industrial Materials3.1%775.7%-83.4%
Technology Hardware and Equipment3%556.1%-75.4%
Consumer Services2.7%910.2%-98.9%
Mortgage Real Estate Investment Trusts2.6%246.3%-99.5%
Industrial Engineering2.6%982.7%-77.4%
Household Goods and Home Construction2.3%1,409.1%-87%
Industrial Transportation1%160.4%-87.2%
Investment Banking and Brokerage Services0.8%29,714.8%-99.9%
Aerospace and Defense0.8%10,173.7%-76.5%
Health Care Providers0.6%834.9%-91%
Banks0.5%4,039.8%-99.2%
Medical Equipment and Services0.3%8,239.9%-96.4%
Industrial Metals and Mining0.1%292.6%-91.5%
Electronic and Electrical Equipment-0.4%5,398%-91.2%
Open End and Miscellaneous Investment Vehicles-0.6%49,587,953.6%-99.9%
Retailers-0.6%1,310%-99.4%
Industrial Support Services-0.8%604.9%-92.3%
Media-1.2%700.1%-99.5%
Telecommunications Equipment-1.3%558.4%-94.8%
Pharmaceuticals and Biotechnology-2.3%155,777.2%-99.5%
Personal Care, Drug and Grocery Stores-2.7%171.4%-91%
Travel and Leisure-2.8%3,428%-90.8%
Personal Goods-2.8%232.8%-97.5%
Waste and Disposal Services-3.1%150.7%-75%
Real Estate Investment and Services-3.7%16,992.5%-96.7%
Real Estate Investment Trusts-3.7%251.5%-91.3%
Software and Computer Services-4.2%3,197%-98.7%
Finance and Credit Services-4.3%1,380.9%-72%
Precious Metals and Mining-5.3%90.4%-81.3%

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