Value in Pharmaceuticals and Biotechnology stocks fell 8.5 percent in the week ending April 23 from the previous week.
The strongest performing Pharmaceuticals and Biotechnology company in New Jersey was SCYNEXIS Inc. (SCYX:NMQ), sitting 1,657.2 percent higher to sell at $2.33.
Sonnet Biotherapeutics Holdings Inc. (SONN:NAQ) fared the worst among New Jersey companies, suffering a 96 percent drop to $0.3185.
Among Northvale companies, Elite Pharmaceuticals Inc. (ELTP:QBB) saw the highest rise in value of 242 percent in the week ending April 23.
The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 43 different industries.
Alternative Energy 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 | 108.1% | 401.6% | -88.1% |
| Construction and Materials | 3.8% | 3,140.9% | -83.6% |
| Tobacco | 1.2% | 57.3% | -63% |
| Real Estate Investment Trusts | 0.7% | 1,112.8% | -77.5% |
| Industrial Materials | -0.2% | 59.2% | -75% |
| Open End and Miscellaneous Investment Vehicles | -0.3% | 91,610.9% | -100% |
| Gas, Water and Multi-utilities | -0.4% | 527.7% | -64.6% |
| Banks | -0.7% | 152,579.3% | -97.4% |
| Waste and Disposal Services | -1.3% | 207.7% | -86.5% |
| Real Estate Investment and Services | -1.4% | 41,553.2% | -91.7% |
| Non-life Insurance | -1.9% | 912.3% | -85.6% |
| Electricity | -2% | 149.9% | -82% |
| Life Insurance | -2.1% | 186.7% | -74.2% |
| Consumer Services | -2.1% | 1,418.4% | -68.8% |
| Leisure Goods | -2.2% | 874,328.3% | -96.7% |
| Travel and Leisure | -2.3% | 3,636.7% | -95.3% |
| Closed End Investments | -2.4% | 2,431.9% | -83.8% |
| Chemicals | -2.8% | 322% | -82.3% |
| Industrial Engineering | -2.9% | 2,026% | -99% |
| Automobiles and Parts | -2.9% | 156.1% | -64.9% |
| Household Goods and Home Construction | -3% | 2,659.7% | -98.3% |
| Food Producers | -3.4% | 3,418.4% | -85.8% |
| Industrial Transportation | -3.6% | 3,411.8% | -82.2% |
| Aerospace and Defense | -4% | 681.1% | -97.4% |
| Personal Goods | -4.1% | 462.6% | -99.2% |
| Retailers | -4.5% | 9,085.1% | -79.1% |
| Technology Hardware and Equipment | -4.7% | 2,274.5% | -68.7% |
| Industrial Metals and Mining | -4.8% | 1,440.8% | -95.8% |
| Electronic and Electrical Equipment | -4.9% | 1,774.2% | -88.4% |
| Beverages | -5.3% | 470.8% | -92.4% |
| Oil, Gas and Coal | -5.4% | 10,286.9% | -92% |
| Industrial Support Services | -5.4% | 665.1% | -84.3% |
| Health Care Providers | -5.5% | 618.2% | -89% |
| Investment Banking and Brokerage Services | -5.8% | 1,960.8% | -96% |
| Mortgage Real Estate Investment Trusts | -5.9% | 509.8% | -61.8% |
| Medical Equipment and Services | -6% | 1,681% | -94.1% |
| Telecommunications Service Providers | -6.3% | 169.8% | -81.5% |
| Software and Computer Services | -7.9% | 139,086.2% | -99.8% |
| Telecommunications Equipment | -8.5% | 9,700% | -85.2% |
| Pharmaceuticals and Biotechnology | -8.5% | 143,489.2% | -99.5% |
| Media | -9.4% | 4,300.5% | -87.3% |
| Precious Metals and Mining | -11.7% | 2,342.4% | -99.9% |
| Alternative Energy | -12.1% | 165.5% | -96.4% |
