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Kalamazoo Times

Saturday, November 23, 2024

Kalamazoo company Stryker Corp. (SYK:NYQ) working in Medical Equipment and Services sees value fall 17.1% in week ending Aug. 20

Stock market 10 edited

Value in Medical Equipment and Services stocks fell 10.3 percent in the week ending Aug. 20 from the previous week.

The strongest performing Medical Equipment and Services company in Michigan was InfuSystem Holdings Inc. (INFU:ASQ), sitting 287.3 percent higher to sell at $7.85.

Stryker Corp. (SYK:NYQ) fared the worst among Michigan companies, suffering a 17.1 percent drop to $218.14.

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.

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.

Rank of stock market industries in week ending Aug. 20

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Finance and Credit Services95.2%10,361.6%-50%
Construction and Materials4.6%123,931,298.4%-90.4%
Oil, Gas and Coal3.5%86,218,523.5%-98.8%
Consumer Services2.7%41,852.5%-89.9%
Gas, Water and Multi-utilities2.2%43,621,980.9%-62.9%
Telecommunications Equipment2.1%4,837,938.6%-93%
Waste and Disposal Services1.8%3,565.6%-80.5%
Retailers1.8%159,248,242.4%-87.3%
Electricity1.5%230,708,160.5%-63.7%
Non-life Insurance1%3,588,150%-86.9%
Technology Hardware and Equipment0.9%1,679,815.7%-73.9%
Industrial Metals and Mining0.4%780,198,871.7%-81.9%
Personal Goods0.2%132,243,835.3%-47.8%
Personal Care, Drug and Grocery Stores0.1%52,600,277%-82.6%
Industrial Support Services-0.1%8,631,213.6%-91.1%
Travel and Leisure-0.4%22,779,814.2%-93.2%
Banks-0.4%273,614,420.3%-98.9%
Industrial Materials-0.5%711.4%-60.7%
Investment Banking and Brokerage Services-0.7%18,980,874.2%-98.9%
Chemicals-0.8%1,359,381.1%-86.1%
Industrial Engineering-0.8%86,613,427.9%-81%
General Industrials-1%66,972.4%-72.5%
Telecommunications Service Providers-1.2%1,755,474.7%-89.7%
Real Estate Investment Trusts-1.3%56,423,576.1%-89.4%
Aerospace and Defense-1.3%584,645.8%-96.7%
Closed End Investments-1.7%46,982,606.5%-99.5%
Food Producers-1.8%16,208,615.5%-99.2%
Pharmaceuticals and Biotechnology-1.8%532,513,918.7%-96.8%
Mortgage Real Estate Investment Trusts-1.9%181,647,021.5%-74.6%
Electronic and Electrical Equipment-2.1%5,774,357.3%-92.2%
Health Care Providers-2.3%106,380,268.1%-84.8%
Automobiles and Parts-2.8%23,711,085.1%-97.2%
Real Estate Investment and Services-3.3%751,484.6%-90.9%
Industrial Transportation-3.3%139,107.1%-90%
Household Goods and Home Construction-4.1%3,838,171.9%-92.6%
Leisure Goods-4.1%28,827,305.7%-99.6%
Software and Computer Services-4.3%19,465,113%-99.7%
Media-4.5%5,393,730.9%-92.7%
Life Insurance-4.7%4,835.3%-51.5%
Precious Metals and Mining-7.5%1,193.9%-60.4%
Tobacco-7.6%645.6%-84.5%
Alternative Energy-7.8%52,381,505.1%-73.7%
Medical Equipment and Services-10.3%32,138,371.1%-99.8%
Beverages-14%2,921.2%-93.7%

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