Value in Pharmaceuticals and Biotechnology stocks fell 1.9 percent in the week ending May 14 from the previous week.
The strongest performing Pharmaceuticals and Biotechnology company in Michigan was Zomedica Corp. (ZOM:ASQ), sitting 132.3 percent higher to sell at $0.2204.
Esperion Therapeutics Inc. (ESPR:NMQ) fared the worst among Michigan companies, suffering a 33.9 percent drop to $5.78.
The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 43 different industries.
Banks 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 | 110.5% | 70.8% | -73.8% |
| Tobacco | 9.4% | 2,108.5% | -33.7% |
| Leisure Goods | 5.4% | 8,428.8% | -83.1% |
| Consumer Services | 3.7% | 3,900% | -76.2% |
| Beverages | 3.1% | 1,111% | -90% |
| Gas, Water and Multi-utilities | 2.7% | 2,377.3% | -62.4% |
| Real Estate Investment and Services | 1.8% | 1,103.1% | -98.5% |
| Non-life Insurance | 1% | 1,842.3% | -93.2% |
| Food Producers | 1% | 1,014.2% | -97.7% |
| Telecommunications Equipment | 0.6% | 488.5% | -93% |
| Industrial Materials | 0.5% | 86.6% | -59.7% |
| Life Insurance | 0.2% | 290.2% | -74.4% |
| Technology Hardware and Equipment | 0.2% | 1,077.9% | -75.7% |
| Personal Goods | -0.2% | 609.5% | -75.8% |
| Travel and Leisure | -0.4% | 4,914.3% | -94.5% |
| Personal Care, Drug and Grocery Stores | -0.5% | 3,661.7% | -66.1% |
| Open End and Miscellaneous Investment Vehicles | -0.8% | 3,295,990.5% | -100% |
| Retailers | -0.9% | 1,541.2% | -93.1% |
| Electricity | -1.4% | 110% | -64% |
| Industrial Support Services | -1.5% | 25,310.6% | -88.4% |
| Industrial Engineering | -1.7% | 7,736.5% | -99.6% |
| Mortgage Real Estate Investment Trusts | -1.7% | 2,114.5% | -48.7% |
| Pharmaceuticals and Biotechnology | -1.9% | 8,158.6% | -96.1% |
| Chemicals | -2.5% | 802.5% | -63.3% |
| Household Goods and Home Construction | -2.7% | 1,816.1% | -89.9% |
| Media | -2.7% | 5,834.7% | -81.3% |
| General Industrials | -2.7% | 243.6% | -71.1% |
| Real Estate Investment Trusts | -2.8% | 490.8% | -74.3% |
| Closed End Investments | -2.9% | 35,307% | -93.4% |
| Investment Banking and Brokerage Services | -3% | 9,477% | -93.4% |
| Industrial Transportation | -3.3% | 4,201.5% | -57.8% |
| Software and Computer Services | -3.4% | 15,787.8% | -99% |
| Waste and Disposal Services | -3.5% | 378.4% | -88.6% |
| Health Care Providers | -3.6% | 902.6% | -83.6% |
| Aerospace and Defense | -4.1% | 1,918.8% | -88.5% |
| Electronic and Electrical Equipment | -4.6% | 7,194.9% | -79.9% |
| Construction and Materials | -5.4% | 936.3% | -80.4% |
| Oil, Gas and Coal | -5.4% | 761.2% | -99% |
| Industrial Metals and Mining | -6% | 2,053.9% | -74.6% |
| Alternative Energy | -6.6% | 241.7% | -80% |
| Medical Equipment and Services | -8.7% | 1,479% | -98.9% |
| Precious Metals and Mining | -9% | 623% | -96.1% |
| Banks | -49.2% | 3,809.7% | -99.7% |
