Value in Pharmaceuticals and Biotechnology stocks rose 0.9 percent in the week ending Aug. 6 from the previous week.
The strongest performing Pharmaceuticals and Biotechnology company in Texas was Vaxxinity Inc. (VAXX:NMQ), sitting 15,633.8 percent higher to sell at $2.33.
Moleculin Biotech Inc. (MBRX:NAQ) fared the worst among Texas companies, suffering a 100 percent drop to $1.63.
Among Friendswood companies, Castle Biosciences Inc. (CSTL:NMQ) saw the highest rise in value of 58.1 percent in the week ending Aug. 6.
The Medical Equipment and Services industry was the week’s best-performing industry on the market. The market is divided into 41 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.
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 |
|---|---|---|---|
| Medical Equipment and Services | 13.1% | 6,248,035.6% | -100% |
| Alternative Energy | 8% | 2,199,711.8% | -100% |
| Software and Computer Services | 5.2% | 126,372,573.1% | -100% |
| Waste and Disposal Services | 4.7% | 163,163.5% | -100% |
| Food Producers | 3.7% | 18,701,987.2% | -100% |
| Telecommunications Service Providers | 3.6% | 10,139,224.9% | -100% |
| Industrial Support Services | 3.1% | 253,445,801.6% | -100% |
| Aerospace and Defense | 3% | 177,449.4% | -100% |
| Telecommunications Equipment | 2.6% | 13,262,375.4% | -99.9% |
| Banks | 2.6% | 3,157,793.8% | -100% |
| Retailers | 2.5% | 27,555,039.7% | -100% |
| Electronic and Electrical Equipment | 2.1% | 4,607,535.4% | -100% |
| Industrial Materials | 2.1% | 1,113.8% | -99.3% |
| Closed End Investments | 1.8% | 13,709,080.1% | -100% |
| Leisure Goods | 1.7% | 296,674,756.7% | -100% |
| Travel and Leisure | 1.7% | 399,775.2% | -100% |
| Automobiles and Parts | 1.4% | 1,791,391.9% | -100% |
| Life Insurance | 1.3% | 311,482.7% | -100% |
| Industrial Transportation | 1.3% | 2,699,472.2% | -100% |
| Industrial Engineering | 1.1% | 90,223,300.3% | -100% |
| Construction and Materials | 1.1% | 46,692,507.7% | -100% |
| Finance and Credit Services | 1% | 20,193,068.1% | -100% |
| Personal Care, Drug and Grocery Stores | 1% | 133,475,811.8% | -99.9% |
| Personal Goods | 0.9% | 4,940,485.4% | -100% |
| Pharmaceuticals and Biotechnology | 0.9% | 20,282,216.5% | -100% |
| Electricity | 0.9% | 6,800,274.5% | -100% |
| Chemicals | -0.4% | 84,392.1% | -100% |
| General Industrials | -0.4% | 101,430% | -100% |
| Gas, Water and Multi-utilities | -0.7% | 43,452,576.3% | -100% |
| Household Goods and Home Construction | -0.7% | 7,745,971.4% | -100% |
| Precious Metals and Mining | -0.8% | 591,364.1% | -100% |
| Real Estate Investment Trusts | -1.3% | 195,165,610.6% | -100% |
| Non-life Insurance | -1.4% | 15,563,461.7% | -100% |
| Mortgage Real Estate Investment Trusts | -1.6% | 329,547.3% | -100% |
| Real Estate Investment and Services | -1.7% | 2,370,244.8% | -100% |
| Investment Banking and Brokerage Services | -1.8% | 1,106,694.5% | -100% |
| Media | -2.6% | 487,008.1% | -100% |
| Beverages | -2.9% | 9,363,305.2% | -100% |
| Tobacco | -3.1% | 206,701.7% | -100% |
| Technology Hardware and Equipment | -3.7% | 186,225.9% | -100% |
| Oil, Gas and Coal | -3.9% | 128,426,683.5% | -100% |
