Value in Medical Equipment and Services stocks rose 11.7 percent in the week ending July 23 from the previous week.
The strongest performing Medical Equipment and Services company in New York was PAVmed Inc. (PAVM:NAQ), sitting 207.6 percent higher to sell at $1.09.
Somalogic Inc. (SLGC:NMQ) fared the worst among New York companies, suffering a 34.9 percent drop to $4.81.
The Medical Equipment and Services industry was the week’s best-performing industry on the market. The market is divided into 44 different industries.
Pharmaceuticals and Biotechnology 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 | 11.7% | 2,960.3% | -97.5% |
| Life Insurance | 7% | 48.6% | -91.5% |
| Household Goods and Home Construction | 6.8% | 249.9% | -73.4% |
| Technology Hardware and Equipment | 6.8% | 1,615.7% | -61.9% |
| General Industrials | 6.5% | 3,073.5% | -80.4% |
| Industrial Metals and Mining | 6.3% | 494.7% | -99.9% |
| Chemicals | 6.2% | 895.4% | -70.3% |
| Personal Goods | 6.1% | 2,713% | -84.4% |
| Industrial Engineering | 6.1% | 1,876% | -92.3% |
| Real Estate Investment and Services | 6% | 525.9% | -93.2% |
| Industrial Transportation | 5.9% | 299.1% | -90.7% |
| Leisure Goods | 5.5% | 704.7% | -73.2% |
| Tobacco | 5.2% | 4,071.5% | -60.5% |
| Construction and Materials | 4.7% | 390.3% | -99.2% |
| Consumer Services | 4.6% | 353.2% | -93.9% |
| Oil, Gas and Coal | 4.6% | 999% | -85.1% |
| Industrial Materials | 4.5% | 153.4% | -50% |
| Alternative Energy | 4.4% | 403% | -66.4% |
| Finance and Credit Services | 4.3% | 817.5% | -87.6% |
| Telecommunications Equipment | 3.9% | 453.3% | -96.8% |
| Industrial Support Services | 3.9% | 1,461.8% | -97.8% |
| Investment Banking and Brokerage Services | 3.8% | 829% | -88.7% |
| Mortgage Real Estate Investment Trusts | 3.8% | 78.4% | -81.5% |
| Software and Computer Services | 3.7% | 9,075.2% | -95.3% |
| Electronic and Electrical Equipment | 3.6% | 1,040.7% | -99.4% |
| Telecommunications Service Providers | 3.1% | 713.6% | -94.5% |
| Banks | 2.8% | 8,302.3% | -93.4% |
| Travel and Leisure | 2.8% | 4,492.7% | -99.1% |
| Real Estate Investment Trusts | 2.7% | 361.6% | -77% |
| Waste and Disposal Services | 2.3% | 731.6% | -75.1% |
| Beverages | 2.2% | 624.8% | -70.9% |
| Health Care Providers | 1.9% | 14,241.2% | -92.1% |
| Personal Care, Drug and Grocery Stores | 1.9% | 111% | -95.8% |
| Food Producers | 1.9% | 1,168.7% | -77.3% |
| Media | 1.2% | 11,338.5% | -94.4% |
| Closed End Investments | 1.2% | 1,065.7% | -94.5% |
| Aerospace and Defense | 1.1% | 13,894.9% | -66.5% |
| Automobiles and Parts | 1.1% | 305.5% | -99.7% |
| Precious Metals and Mining | 0.9% | 123.7% | -81.6% |
| Retailers | 0.2% | 90,591.7% | -88.1% |
| Open End and Miscellaneous Investment Vehicles | 0.1% | 227,305.5% | -100% |
| Non-life Insurance | -0.4% | 1,905.1% | -90.7% |
| Electricity | -0.5% | 911% | -68.1% |
| Pharmaceuticals and Biotechnology | -0.7% | 4,075.3% | -99.6% |
