Miami-based Leisure Goods company Motorsport Games Inc. (MSGM:NAQ) sees value fall 53.5% in week ending Oct. 29

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Value in Leisure Goods stocks rose 8.8 percent in the week ending Oct. 29 from the previous week.

The strongest performing Leisure Goods company in Florida was Twin Vee PowerCats Co. (VEEE:NAQ), sitting 253.5 percent higher to sell at $2.2.

Simplicity Esports and Gaming Co. (WINR:QBB) fared the worst among Florida companies, suffering a 90.5 percent drop to $0.029.

Among Miami companies, Motorsport Games Inc. (MSGM:NAQ) saw the biggest fall in value of 53.5 percent in the week ending Oct. 29.

The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 45 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 Oct. 29

Industry Percentage Change Highest Positive Change Largest Negative Change
Finance and Credit Services 132% 482.6% -67%
Alternative Energy 13.4% 126.1% -87.3%
Mortgage Real Estate Investment Trusts 12.6% 306.6% -58.2%
Telecommunications Equipment 10.8% 12,486.5% -61.1%
Retailers 9% 1,043.5% -73.9%
Leisure Goods 8.8% 313.8% -90.5%
Automobiles and Parts 8.4% 1,176.1% -92.9%
Personal Care, Drug and Grocery Stores 7.8% 254.6% -74.5%
Gas, Water and Multi-utilities 7.4% 166.9% -83.7%
Telecommunications Service Providers 7.3% 988.4% -52.4%
Industrial Support Services 7.1% 1,353% -89.6%
Industrial Transportation 7% 505.9% -93.7%
Tobacco 7% 6,514.6% -55.3%
Construction and Materials 6.9% 670% -70.9%
Investment Banking and Brokerage Services 6.9% 26,606.5% -96.4%
Household Goods and Home Construction 6.2% 114.7% -96.1%
Industrial Engineering 6.1% 4,914.3% -89%
Electricity 6.1% 82.5% -62.3%
Real Estate Investment Trusts 5.9% 884% -84.7%
Health Care Providers 5.9% 832.6% -79.9%
Software and Computer Services 5.8% 5,230.2% -89.7%
Precious Metals and Mining 5.5% 40.2% -57.7%
Life Insurance 5.4% 114% -63.6%
Pharmaceuticals and Biotechnology 5.4% 50,902.2% -99.7%
Food Producers 5.2% 1,335.9% -90.5%
Aerospace and Defense 4.9% 411.2% -81.3%
Electronic and Electrical Equipment 4.6% 2,627% -99%
Travel and Leisure 4.3% 632.9% -92.3%
Oil, Gas and Coal 3.9% 3,075.7% -88.2%
Technology Hardware and Equipment 3.3% 32,745.3% -95.1%
Chemicals 2.9% 192.3% -99.4%
General Industrials 2.8% 708.7% -70.9%
Industrial Materials 2.6% 2,319.8% -53%
Closed End Investments 2.6% 3,208.1% -94.8%
Consumer Services 2.4% 456.2% -88.6%
Banks 2% 203,207.2% -98.5%
Media 1.5% 2,487.7% -80.6%
Real Estate Investment and Services 1.3% 3,046.9% -94.4%
Medical Equipment and Services 1.1% 769% -97.4%
Waste and Disposal Services 0.8% 112.9% -95.9%
Industrial Metals and Mining 0.5% 591.2% -99.6%
Open End and Miscellaneous Investment Vehicles 0.5% 20,339,900% -99.9%
Personal Goods -0.2% 444.2% -80.6%
Non-life Insurance -6.4% 491.4% -97.9%
Beverages -15.3% 162.2% -77.2%


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