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Eagle Valley Times

Tuesday, November 5, 2024

Virginia City-based Precious Metals and Mining company Comstock Mining Inc. (LODE:ASQ) sees value fall 49.1% in May

Stock market 20 edited

Value in Precious Metals and Mining stocks fell 5.3 percent in May from the previous month.

The strongest performing Precious Metals and Mining company in Nevada was US Gold Corp. (USAU:NAQ), dropping 7.7 percent to sell at $4.95.

Comstock Mining Inc. (LODE:ASQ) fared the worst among Nevada companies, suffering a 49.1 percent drop to $0.7996.

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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