Value in Pharmaceuticals and Biotechnology stocks fell 2.5 percent in the week ending Oct. 8 from the previous week.
The strongest performing Pharmaceuticals and Biotechnology company in New Jersey was Elite Pharmaceuticals Inc. (ELTP:QBB), sitting 4,464.8 percent higher to sell at $0.034.
Johnson & Johnson (JNJ:NYQ) fared the worst among New Jersey companies, suffering a 100 percent drop to $160.2.
Among Woodcliff Lake companies, Eagle Pharmaceuticals Inc. (EGRX:NMQ) saw the biggest fall in value of 50.3 percent in the week ending Oct. 8.
The Beverages industry was the week’s best-performing industry on the market. The market is divided into 44 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.
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 | 18% | 6,791.8% | -95.8% |
| Travel and Leisure | 16.2% | 1,066,902.2% | -99.9% |
| Oil, Gas and Coal | 13.4% | 1,360,718% | -99.9% |
| Industrial Metals and Mining | 11.6% | 5,985.8% | -99.8% |
| Construction and Materials | 8.6% | 813.3% | -99.6% |
| Medical Equipment and Services | 8.4% | 101,646.9% | -99.9% |
| Personal Goods | 7.2% | 2,382.6% | -98.6% |
| Household Goods and Home Construction | 6.4% | 3,927% | -99.9% |
| Health Care Providers | 4.7% | 13,425.2% | -99.4% |
| Industrial Support Services | 3.5% | 4,333% | -99.9% |
| Industrial Materials | 3.5% | – | -96.1% |
| Industrial Engineering | 3.4% | 2,880,597.9% | -98.7% |
| General Industrials | 3.1% | 129.2% | -99.9% |
| Software and Computer Services | 3.1% | 143,303.1% | -99.9% |
| Electronic and Electrical Equipment | 2.8% | 1,721.6% | -99.9% |
| Industrial Transportation | 2.7% | 50,533.3% | -99.4% |
| Non-life Insurance | 2.5% | 2,609.2% | -99.9% |
| Consumer Services | 2.4% | 196,366.9% | -94.3% |
| Automobiles and Parts | 2.3% | 59.1% | -99.9% |
| Finance and Credit Services | 2.2% | 470.7% | -99.9% |
| Food Producers | 2.1% | 14,740.7% | -99.6% |
| Chemicals | 2.1% | 20,167.2% | -99.8% |
| Precious Metals and Mining | 2.1% | 46.7% | -99.7% |
| Technology Hardware and Equipment | 2.1% | 1,832.7% | -99.9% |
| Retailers | 2% | 917.5% | -99.9% |
| Tobacco | 1.6% | 704.8% | -96.7% |
| Closed End Investments | 1.2% | 1,168,330% | -99.9% |
| Investment Banking and Brokerage Services | 1% | 3,260.1% | -99.8% |
| Banks | 0.9% | 38,267.9% | -99.9% |
| Aerospace and Defense | 0.8% | 23,295.6% | -99.9% |
| Leisure Goods | 0.7% | 126% | -99.8% |
| Real Estate Investment and Services | 0.6% | 117,506.9% | -99.9% |
| Media | 0.4% | 1,282.3% | -99.9% |
| Open End and Miscellaneous Investment Vehicles | 0.3% | 3,440,500% | -99.9% |
| Life Insurance | -0.7% | 41,493.2% | -99.3% |
| Waste and Disposal Services | -0.9% | 675.8% | -94.9% |
| Personal Care, Drug and Grocery Stores | -1.3% | 456.7% | -99.9% |
| Telecommunications Equipment | -1.6% | 245.2% | -98.4% |
| Gas, Water and Multi-utilities | -1.6% | 5,931,715.7% | -99.9% |
| Electricity | -2.4% | 30.7% | -97.8% |
| Pharmaceuticals and Biotechnology | -2.5% | 31,174,093.8% | -99.9% |
| Real Estate Investment Trusts | -3.7% | 39,062.8% | -99.9% |
| Telecommunications Service Providers | -4% | 149.2% | -99.8% |
| Alternative Energy | -7% | 141.1% | -99.9% |
