Value in Medical Equipment and Services stocks fell 3.1 percent in the week ending July 30 from the previous week.
The strongest performing Medical Equipment and Services company in Michigan was Stryker Corp. (SYK:NYQ), sitting 123.9 percent higher to sell at $219.03.
Rockwell Medical Inc. (RMTI:NAQ) fared the worst among Michigan companies, suffering an 85.7 percent drop to $1.31.
The Alternative Energy industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.
Household Goods and Home Construction 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 |
|---|---|---|---|
| Alternative Energy | 19.9% | 405.6% | -100% |
| Telecommunications Equipment | 14.1% | 1,112.2% | -100% |
| Beverages | 7.9% | 756.1% | -100% |
| Technology Hardware and Equipment | 7.4% | 2,918.7% | -100% |
| Industrial Transportation | 7% | 258.3% | -100% |
| Oil, Gas and Coal | 6.8% | 1,968.8% | -100% |
| Industrial Engineering | 6.5% | 1,073% | -100% |
| Industrial Materials | 6.4% | 192.7% | -66.4% |
| Investment Banking and Brokerage Services | 6.3% | 579.1% | -100% |
| Construction and Materials | 6.3% | 898.5% | -100% |
| Industrial Metals and Mining | 6.2% | 773,436.2% | -100% |
| Electricity | 6.2% | 355.1% | -100% |
| Waste and Disposal Services | 6.1% | 1,658% | -100% |
| Travel and Leisure | 6.1% | 2,157.8% | -100% |
| Gas, Water and Multi-utilities | 5.6% | 310.6% | -100% |
| Electronic and Electrical Equipment | 5.4% | 552.7% | -100% |
| Finance and Credit Services | 5.1% | 575% | -100% |
| Media | 5.1% | 357.6% | -100% |
| Mortgage Real Estate Investment Trusts | 4.6% | 445.3% | -100% |
| Chemicals | 4.5% | 734.8% | -100% |
| General Industrials | 4% | 468.9% | -100% |
| Consumer Services | 4% | 5,764.2% | -100% |
| Aerospace and Defense | 3.8% | 176.7% | -100% |
| Automobiles and Parts | 3.2% | 2,456.3% | -100% |
| Real Estate Investment and Services | 3% | 505.4% | -100% |
| Closed End Investments | 2.9% | 1,245.8% | -100% |
| Non-life Insurance | 2.6% | 1,182.3% | -100% |
| Personal Goods | 2.6% | 257.5% | -100% |
| Precious Metals and Mining | 2.5% | 1,009.8% | -100% |
| Food Producers | 2.4% | 109,997.7% | -100% |
| Software and Computer Services | 2.3% | 9,747.9% | -100% |
| Real Estate Investment Trusts | 2.3% | 6,467.4% | -100% |
| Leisure Goods | 2.1% | 277.2% | -100% |
| Industrial Support Services | 2.1% | 3,177.3% | -100% |
| Life Insurance | 1.6% | 820% | -100% |
| Health Care Providers | 1.5% | 910.9% | -100% |
| Pharmaceuticals and Biotechnology | 1.4% | 89,304.2% | -100% |
| Retailers | 0.8% | 1,002.2% | -100% |
| Banks | 0.8% | 16,868.5% | -100% |
| Open End and Miscellaneous Investment Vehicles | 0.3% | 759,907.2% | -100% |
| Personal Care, Drug and Grocery Stores | 0.1% | 177.6% | -100% |
| Tobacco | -1.1% | 104.3% | -100% |
| Telecommunications Service Providers | -3% | 154.9% | -100% |
| Medical Equipment and Services | -3.1% | 8,514% | -100% |
| Household Goods and Home Construction | -4.8% | 14,584.4% | -100% |
