Value in Medical Equipment and Services stocks fell 5.7 percent in the week ending April 30 from the previous week.
The strongest performing Medical Equipment and Services company in Michigan was InfuSystem Holdings Inc. (INFU:ASQ), sitting 55.1 percent higher to sell at $7.93.
Rockwell Medical Inc. (RMTI:NAQ) fared the worst among Michigan companies, suffering a 6.7 percent drop to $0.328.
Among Portage companies, Stryker Corp. (SYK:NYQ) saw the biggest fall in value of 3.2 percent in the week ending April 30.
The Household Goods and Home Construction industry was the week’s best-performing industry on the market. The market is divided into 42 different industries.
Telecommunications Service Providers 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 |
|---|---|---|---|
| Household Goods and Home Construction | 3.9% | 3,906.5% | -86.1% |
| Telecommunications Equipment | 1.8% | 249.9% | -70.6% |
| Industrial Materials | 1.8% | 477.4% | -81.3% |
| Food Producers | 1.8% | 204.5% | -100% |
| Precious Metals and Mining | 1.7% | 70.2% | -68.2% |
| Waste and Disposal Services | 1.1% | 345% | -82.5% |
| Media | 0.2% | 1,743.2% | -85.1% |
| General Industrials | -0.1% | 250.4% | -60.8% |
| Industrial Transportation | -0.6% | 220.4% | -85.3% |
| Alternative Energy | -1.1% | 1,058.4% | -78% |
| Finance and Credit Services | -1.6% | 797.4% | -80.3% |
| Industrial Support Services | -1.6% | 15,458.4% | -95% |
| Mortgage Real Estate Investment Trusts | -1.8% | 8,629.4% | -51.5% |
| Tobacco | -1.8% | 342.6% | -99.4% |
| Technology Hardware and Equipment | -1.9% | 567.8% | -91.1% |
| Chemicals | -2% | 570% | -92.2% |
| Banks | -2% | 54,613.1% | -98.4% |
| Industrial Metals and Mining | -2% | 1,191% | -88.5% |
| Closed End Investments | -2.1% | 4,391.5% | -98.8% |
| Retailers | -2.4% | 1,543.6% | -93.8% |
| Travel and Leisure | -2.5% | 1,607.5% | -91.8% |
| Software and Computer Services | -2.6% | 20,072.7% | -96.7% |
| Automobiles and Parts | -2.6% | 3,315% | -81.3% |
| Personal Goods | -2.8% | 15,643.7% | -59.7% |
| Electronic and Electrical Equipment | -2.8% | 845% | -85% |
| Investment Banking and Brokerage Services | -3.2% | 77,708.2% | -80.5% |
| Non-life Insurance | -3.3% | 532.2% | -95.9% |
| Consumer Services | -3.5% | 510.8% | -93.1% |
| Industrial Engineering | -4.1% | 21,548% | -76.7% |
| Real Estate Investment and Services | -4.2% | 463.9% | -91.5% |
| Health Care Providers | -4.2% | 665.8% | -99% |
| Electricity | -4.3% | 917.4% | -75% |
| Aerospace and Defense | -4.6% | 733% | -70.5% |
| Gas, Water and Multi-utilities | -5.1% | 595.2% | -62.3% |
| Personal Care, Drug and Grocery Stores | -5.5% | 1,073% | -91% |
| Medical Equipment and Services | -5.7% | 339% | -89.1% |
| Pharmaceuticals and Biotechnology | -5.8% | 1,150,437.5% | -99.7% |
| Life Insurance | -5.8% | 240.2% | -92.3% |
| Leisure Goods | -6.1% | 492.7% | -99.7% |
| Real Estate Investment Trusts | -6.1% | 739.8% | -86.4% |
| Construction and Materials | -7.9% | 871.4% | -86.5% |
| Telecommunications Service Providers | -8.6% | 440.2% | -96.5% |
