Value in Pharmaceuticals and Biotechnology stocks fell 2.6 percent in the week ending June 18 from the previous week.
The strongest performing Pharmaceuticals and Biotechnology company in Florida was Jupiter Wellness Inc. (JUPW:NAQ), sitting 7,258 percent higher to sell at $0.8.
AIM ImmunoTech Inc. (AIM:ASQ) fared the worst among Florida companies, suffering a 54.4 percent drop to $0.81.
Among Miami companies, Longeveron Inc. (LGVN:NAQ) saw the biggest fall in value of 27.9 percent in the week ending June 18.
The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.
Oil, Gas and Coal 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 | 144.7% | 6,419.1% | -57.9% |
| Tobacco | 3.2% | 320.6% | -97.2% |
| Medical Equipment and Services | 1.6% | 1,322.5% | -83.3% |
| Open End and Miscellaneous Investment Vehicles | -1% | 755,591.5% | -100% |
| Pharmaceuticals and Biotechnology | -2.6% | 25,340% | -96.6% |
| Non-life Insurance | -3% | 631.9% | -91.8% |
| Leisure Goods | -3.4% | 684.5% | -98.7% |
| Banks | -4.2% | 24,880.2% | -99% |
| Personal Care, Drug and Grocery Stores | -4.3% | 636% | -72.2% |
| Life Insurance | -4.8% | 2,157.4% | -17.6% |
| Real Estate Investment Trusts | -5.3% | 1,853.9% | -62.7% |
| Telecommunications Service Providers | -5.5% | 111,611.2% | -84.7% |
| Electronic and Electrical Equipment | -5.5% | 4,024.8% | -92% |
| Retailers | -5.6% | 496.8% | -88.8% |
| Media | -5.7% | 1,421.8% | -92.3% |
| Personal Goods | -5.7% | 4,214.6% | -65.2% |
| Software and Computer Services | -5.8% | 1,610.7% | -98.4% |
| Industrial Transportation | -6.3% | 1,964.8% | -81.4% |
| Precious Metals and Mining | -6.4% | 98.7% | -90.7% |
| Health Care Providers | -6.8% | 3,288.5% | -67.1% |
| Aerospace and Defense | -6.9% | 830.3% | -88.9% |
| Automobiles and Parts | -6.9% | 779.3% | -70.4% |
| Real Estate Investment and Services | -7.2% | 1,487% | -89.6% |
| Consumer Services | -7.2% | 366.6% | -86.9% |
| Industrial Engineering | -7.3% | 606,924.8% | -73.4% |
| Closed End Investments | -7.6% | 2,257.2% | -94% |
| Industrial Metals and Mining | -7.6% | 1,651.7% | -99.9% |
| Travel and Leisure | -7.7% | 1,052% | -97.8% |
| Telecommunications Equipment | -7.9% | 2,348.9% | -97.5% |
| Technology Hardware and Equipment | -8.1% | 794.7% | -72.9% |
| Industrial Support Services | -8.1% | 1,605.7% | -90.9% |
| Alternative Energy | -8.3% | 14,884.8% | -64.7% |
| Investment Banking and Brokerage Services | -8.3% | 116,900% | -99.8% |
| Beverages | -8.5% | 301.8% | -89.9% |
| Food Producers | -8.5% | 1,237% | -95% |
| Electricity | -8.8% | 1,331.3% | -84.7% |
| General Industrials | -9.2% | 372.3% | -31.3% |
| Gas, Water and Multi-utilities | -9.7% | 1,098% | -49% |
| Chemicals | -10.4% | 797.5% | -52.6% |
| Waste and Disposal Services | -10.8% | 1,420.3% | -82% |
| Construction and Materials | -10.9% | 1,068.9% | -81.5% |
| Mortgage Real Estate Investment Trusts | -11.4% | 1,225.4% | -36.7% |
| Industrial Materials | -11.4% | 663.9% | – |
| Household Goods and Home Construction | -11.6% | 5,143.5% | -83.9% |
| Oil, Gas and Coal | -16.1% | 3,175.9% | -99.6% |
