Value in Pharmaceuticals and Biotechnology stocks fell 0.2 percent in the week ending June 4 from the previous week.
The strongest performing Pharmaceuticals and Biotechnology company in Michigan was Synthetic Biologics Inc. (SYN:ASQ), sitting 38.9 percent higher to sell at $0.2155.
Ocuphire Pharma Inc. (OCUP:NAQ) fared the worst among Michigan companies, suffering a 41.1 percent drop to $2.09.
The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 44 different industries.
Beverages 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.
| Industry | Percentage Change | Highest Positive Change | Largest Negative Change |
|---|---|---|---|
| Finance and Credit Services | 94.3% | 57.9% | -98% |
| Alternative Energy | 7.5% | 103.8% | -89.8% |
| Medical Equipment and Services | 5.8% | 4,727% | -91.8% |
| Oil, Gas and Coal | 2.5% | 13,440.6% | -99.3% |
| Personal Goods | 2.2% | 5,396% | -84.7% |
| Electronic and Electrical Equipment | 2% | 492,344.9% | -99.2% |
| Travel and Leisure | 1.5% | 1,646% | -92.7% |
| Consumer Services | 1.3% | 960.4% | -91% |
| Industrial Transportation | 1.1% | 165.6% | -67.3% |
| Industrial Engineering | 0.8% | 3,444.6% | -92.7% |
| Industrial Materials | 0.4% | 48.1% | -68.4% |
| Aerospace and Defense | 0.3% | 766.5% | -89.4% |
| General Industrials | 0.3% | 130.2% | -76.9% |
| Waste and Disposal Services | 0.3% | 725% | -60.4% |
| Automobiles and Parts | 0.2% | 20,959.3% | -91.2% |
| Industrial Metals and Mining | 0.2% | 100% | -99.7% |
| Telecommunications Service Providers | -0.1% | 123.5% | -99.5% |
| Pharmaceuticals and Biotechnology | -0.2% | 19,638.8% | -95.8% |
| Precious Metals and Mining | -0.3% | 559.5% | -67.9% |
| Industrial Support Services | -0.3% | 1,299.6% | -95% |
| Closed End Investments | -0.4% | 741.2% | -93% |
| Mortgage Real Estate Investment Trusts | -0.5% | 1,335.5% | -72.5% |
| Technology Hardware and Equipment | -0.5% | 138.4% | -88.9% |
| Retailers | -0.6% | 416.7% | -93.5% |
| Non-life Insurance | -0.7% | 448% | -89.3% |
| Gas, Water and Multi-utilities | -0.7% | 142.9% | -89.3% |
| Software and Computer Services | -0.8% | 7,766.9% | -98.6% |
| Banks | -0.8% | 2,408.7% | -98.5% |
| Electricity | -0.9% | 138.8% | -77.4% |
| Real Estate Investment Trusts | -1.1% | 920.5% | -86% |
| Chemicals | -1.2% | 104.7% | -97.5% |
| Tobacco | -1.3% | 2,339% | -35.7% |
| Media | -2% | 5,075% | -90.7% |
| Life Insurance | -2.1% | 219.3% | -94% |
| Food Producers | -2.1% | 55,624,900% | -98.8% |
| Investment Banking and Brokerage Services | -2.3% | 125,672.4% | -99.3% |
| Telecommunications Equipment | -2.8% | 579.6% | -99.6% |
| Personal Care, Drug and Grocery Stores | -2.8% | 327.9% | -67.9% |
| Household Goods and Home Construction | -2.9% | 13,329.4% | -83.1% |
| Health Care Providers | -3% | 222.1% | -97.4% |
| Real Estate Investment and Services | -4.3% | 1,132.5% | -92.9% |
| Construction and Materials | -4.6% | 759.7% | -80.6% |
| Leisure Goods | -4.6% | 131.8% | -93.2% |
| Beverages | -19.7% | 1,721.9% | -97.7% |
