Value in Pharmaceuticals and Biotechnology stocks fell 2.3 percent in the week ending Aug. 27 from the previous week.
The strongest performing Pharmaceuticals and Biotechnology company in Michigan was Ocuphire Pharma Inc. (OCUP:NAQ), sitting 134.2 percent higher to sell at $2.56.
Zomedica Corp. (ZOM:ASQ) fared the worst among Michigan companies, suffering a 9.9 percent drop to $0.266.
Among Ann Arbor companies, ENDRA Life Sciences Inc. (NDRA:NAQ) saw the highest rise in value of 10.9 percent in the week ending Aug. 27.
The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.
Construction and Materials 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.
| Industry | Percentage Change | Highest Positive Change | Largest Negative Change |
|---|---|---|---|
| Finance and Credit Services | 14.1% | 109.2% | -86% |
| Tobacco | 5.6% | 1,441.3% | -77% |
| Telecommunications Equipment | 4.7% | 539.4% | -98% |
| Alternative Energy | 4.6% | 33,187.6% | -72.2% |
| Oil, Gas and Coal | 4.1% | 3,611% | -95.1% |
| Chemicals | 0.7% | 123.7% | -93.8% |
| Life Insurance | -0.2% | 42.3% | -99.6% |
| Open End and Miscellaneous Investment Vehicles | -0.2% | 69,797,534% | -99.9% |
| Precious Metals and Mining | -0.5% | 71.7% | -82.8% |
| Waste and Disposal Services | -0.9% | 157% | -82.7% |
| Food Producers | -1% | 228.1% | -74.6% |
| Non-life Insurance | -1.1% | 447.1% | -93.8% |
| Travel and Leisure | -1.1% | 1,784.5% | -99.4% |
| Investment Banking and Brokerage Services | -1.4% | 10,796.3% | -98.7% |
| Industrial Transportation | -1.6% | 433.5% | -81.3% |
| Household Goods and Home Construction | -1.7% | 310.9% | -84.9% |
| Mortgage Real Estate Investment Trusts | -1.8% | 697.9% | -99.2% |
| Closed End Investments | -2.1% | 16,168.5% | -99.2% |
| Technology Hardware and Equipment | -2.1% | 100.1% | -90.9% |
| Banks | -2.2% | 57,104.7% | -99.7% |
| Industrial Metals and Mining | -2.2% | 746.2% | -97.5% |
| Aerospace and Defense | -2.3% | 1,563% | -93.9% |
| Pharmaceuticals and Biotechnology | -2.3% | 211,094.2% | -99.9% |
| Electricity | -2.5% | 212% | -89.9% |
| Software and Computer Services | -2.5% | 9,768.5% | -97.6% |
| Personal Care, Drug and Grocery Stores | -2.6% | 8,577.3% | -63.7% |
| Electronic and Electrical Equipment | -2.6% | 250.5% | -96.4% |
| Health Care Providers | -2.8% | 333.2% | -99.4% |
| Gas, Water and Multi-utilities | -3% | 604.6% | -70.5% |
| Industrial Materials | -3.6% | 79.9% | -72% |
| Personal Goods | -3.6% | 251.7% | -88.8% |
| Industrial Engineering | -3.7% | 4,393.6% | -95.7% |
| Real Estate Investment Trusts | -3.8% | 294.2% | -80.4% |
| Automobiles and Parts | -3.9% | 1,966.8% | -77.8% |
| Industrial Support Services | -3.9% | 53,427.3% | -97.4% |
| Real Estate Investment and Services | -4.1% | 13,128.7% | -88.6% |
| Consumer Services | -4.2% | 9,042.3% | -60.3% |
| General Industrials | -4.2% | 539.6% | -89.3% |
| Medical Equipment and Services | -4.2% | 114,935.8% | -97.6% |
| Leisure Goods | -5.7% | 668.4% | -97.6% |
| Retailers | -5.7% | 539.5% | -91.6% |
| Beverages | -5.8% | 5,023.2% | -79.5% |
| Media | -7.7% | 474,595.1% | -99.7% |
| Telecommunications Service Providers | -9% | 580.4% | -62.9% |
| Construction and Materials | -9.4% | 891.4% | -80.2% |
