Value in Pharmaceuticals and Biotechnology stocks fell 0.7 percent in the week ending July 16 from the previous week.
The strongest performing Pharmaceuticals and Biotechnology company in Texas was Lantern Pharma Inc. (LTRN:NAQ), sitting 781.5 percent higher to sell at $5.39.
Kiromic Biopharma Inc. (KRBP:NAQ) fared the worst among Texas companies, suffering a 92.6 percent drop to $0.395.
Among Friendswood companies, Castle Biosciences Inc. (CSTL:NMQ) saw the biggest fall in value of 43.7 percent in the week ending July 16.
The Beverages industry was the week’s best-performing industry on the market. The market is divided into 43 different industries.
Finance and Credit Services 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 |
|---|---|---|---|
| Beverages | 9.6% | 364.3% | -82.4% |
| Telecommunications Service Providers | 6.6% | 195.2% | -57.4% |
| Automobiles and Parts | 4.2% | 441% | -62.7% |
| Industrial Materials | 2.9% | 168.2% | -35.9% |
| Media | 1.6% | 3,052.9% | -98.3% |
| Technology Hardware and Equipment | 1.5% | 1,438.1% | -80.8% |
| Electricity | 1.2% | 253.3% | -49.7% |
| Gas, Water and Multi-utilities | 0.8% | 212.9% | -54.2% |
| Mortgage Real Estate Investment Trusts | 0.7% | 165% | -60.4% |
| Health Care Providers | 0.6% | 1,605.1% | -92.1% |
| Oil, Gas and Coal | 0.5% | 14,298.2% | -95.2% |
| Construction and Materials | 0.5% | 10,689.8% | -72.4% |
| General Industrials | 0.4% | 775% | -69.4% |
| Industrial Support Services | 0.2% | 5,540% | -97% |
| Open End and Miscellaneous Investment Vehicles | 0.1% | 262,228.5% | -100% |
| Household Goods and Home Construction | -0.1% | 948.1% | -89.9% |
| Retailers | -0.3% | 14,479.6% | -79.9% |
| Real Estate Investment Trusts | -0.3% | 733.3% | -98.6% |
| Consumer Services | -0.4% | 1,066.7% | -68.9% |
| Banks | -0.5% | 13,907.8% | -97% |
| Industrial Transportation | -0.6% | 1,598.3% | -99.3% |
| Closed End Investments | -0.6% | 2,365.4% | -98.1% |
| Electronic and Electrical Equipment | -0.6% | 11,616.7% | -92.2% |
| Pharmaceuticals and Biotechnology | -0.7% | 279,971.3% | -98.5% |
| Food Producers | -0.7% | 1,539% | -85.3% |
| Leisure Goods | -0.8% | 924.1% | -92.5% |
| Personal Goods | -0.9% | 337.4% | -92.2% |
| Tobacco | -1.1% | 6,263.4% | -88% |
| Travel and Leisure | -1.4% | 2,722.7% | -92.5% |
| Chemicals | -1.4% | 171.8% | -78.7% |
| Aerospace and Defense | -1.6% | 1,665.2% | -92.1% |
| Non-life Insurance | -1.7% | 919.9% | -91.7% |
| Industrial Metals and Mining | -1.9% | 875.9% | -95.8% |
| Industrial Engineering | -2.5% | 504,952.4% | -95.8% |
| Medical Equipment and Services | -2.9% | 3,121.9% | -95.4% |
| Real Estate Investment and Services | -2.9% | 9,896.4% | -92.6% |
| Life Insurance | -3.1% | 747.9% | -46% |
| Telecommunications Equipment | -3.2% | 13,707.4% | -80.2% |
| Investment Banking and Brokerage Services | -4.1% | 2,922.2% | -93.9% |
| Software and Computer Services | -5.4% | 7,523.8% | -89.7% |
| Precious Metals and Mining | -5.8% | 102.9% | -90.4% |
| Alternative Energy | -7% | 156.9% | -60.7% |
| Finance and Credit Services | -59.5% | 1,812.6% | -73.7% |
