Value in Pharmaceuticals and Biotechnology stocks rose 3.9 percent in the week ending Sept. 10 from the previous week.
The strongest performing Pharmaceuticals and Biotechnology company in Michigan was Ocuphire Pharma Inc. (OCUP:NAQ), sitting 125.5 percent higher to sell at $2.39.
Zomedica Corp. (ZOM:ASQ) experienced the smallest increase in share price among Michigan companies, rising 13.7 percent to sell at $0.2502.
Among Ann Arbor companies, ENDRA Life Sciences Inc. (NDRA:NAQ) saw the highest rise in value of 60.3 percent in the week ending Sept. 10.
The Life Insurance industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.
Finance and Credit Services 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 |
|---|---|---|---|
| Life Insurance | 14.5% | 710.1% | -41.3% |
| Construction and Materials | 10.2% | 1,154.4% | -96.9% |
| Tobacco | 9.6% | 256.5% | -32.5% |
| Medical Equipment and Services | 9.2% | 13,893.5% | -94.8% |
| Alternative Energy | 8.4% | 366.8% | -43.5% |
| Industrial Metals and Mining | 8% | 768.8% | -95.5% |
| Software and Computer Services | 7.9% | 3,833.1% | -99.1% |
| Industrial Engineering | 6.4% | 474% | -99.9% |
| Retailers | 5.3% | 926% | -76.9% |
| Chemicals | 5.1% | 575% | -55.2% |
| Electronic and Electrical Equipment | 4.9% | 929.6% | -92.1% |
| Personal Goods | 4.7% | 860.8% | -82.7% |
| Industrial Support Services | 4.3% | 4,254.4% | -79% |
| General Industrials | 4.2% | 316.9% | -39.8% |
| Pharmaceuticals and Biotechnology | 3.9% | 7,352.6% | -96.4% |
| Precious Metals and Mining | 3.9% | 100% | -99.3% |
| Travel and Leisure | 3.9% | 2,069.1% | -88.4% |
| Household Goods and Home Construction | 3.9% | 4,522.9% | -94.3% |
| Real Estate Investment Trusts | 3.8% | 1,067.1% | -97.2% |
| Waste and Disposal Services | 3.6% | 285% | -94.4% |
| Leisure Goods | 3.5% | 421.4% | -96.1% |
| Industrial Transportation | 3.4% | 5,503.6% | -59.9% |
| Electricity | 3.1% | 81.2% | -52.5% |
| Aerospace and Defense | 3.1% | 523.2% | -69.1% |
| Telecommunications Equipment | 3.1% | 405.6% | -56.8% |
| Personal Care, Drug and Grocery Stores | 2.9% | 323.4% | -81% |
| Consumer Services | 2.9% | 29,661.9% | -95.8% |
| Automobiles and Parts | 2.9% | 382.1% | -69.3% |
| Media | 2.7% | 163,698.1% | -76.1% |
| Mortgage Real Estate Investment Trusts | 2.5% | 312.5% | -62.7% |
| Real Estate Investment and Services | 2.4% | 8,524.2% | -98.1% |
| Gas, Water and Multi-utilities | 2.3% | 490.2% | -52.4% |
| Industrial Materials | 2.3% | 181.4% | -51.5% |
| Health Care Providers | 1.8% | 673.9% | -70.6% |
| Technology Hardware and Equipment | 1.7% | 236.9% | -52.8% |
| Non-life Insurance | 1.6% | 6,191.5% | -79.6% |
| Investment Banking and Brokerage Services | 0.7% | 2,331.2% | -99.4% |
| Closed End Investments | 0.5% | 2,633.8% | -95.1% |
| Banks | 0.4% | 689,978.4% | -99.9% |
| Oil, Gas and Coal | 0.3% | 45,749.6% | -99% |
| Open End and Miscellaneous Investment Vehicles | -0.1% | 1,277,363.8% | -99.9% |
| Food Producers | -1.1% | 2,168.4% | -97.7% |
| Telecommunications Service Providers | -2% | 3,069.5% | -88.9% |
| Beverages | -17.4% | 370.3% | -78.2% |
| Finance and Credit Services | -56.2% | 608.9% | -46.5% |
