The strongest performing Household Goods and Home Construction company in Michigan was La-Z-Boy Inc. (LZB:NYQ), dropping 22.7 percent to sell at $25.44.
Steelcase Inc. (SCS:NYQ) fared the worst among Michigan companies, suffering a 38.8 percent drop to $10.64.
The Leisure Goods industry was the week’s best-performing industry on the market. The market is divided into 45 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 |
|---|---|---|---|
| Leisure Goods | 6.1% | 311.5% | -95.5% |
| Investment Banking and Brokerage Services | 6% | 4,908.5% | -94.7% |
| Pharmaceuticals and Biotechnology | 5.5% | 52,904.7% | -95.8% |
| Software and Computer Services | 5.3% | 1,893.7% | -99.4% |
| Household Goods and Home Construction | 4.5% | 2,011.8% | -82.7% |
| Technology Hardware and Equipment | 4.5% | 1,647.9% | -94.8% |
| Electronic and Electrical Equipment | 4.1% | 591.3% | -91.1% |
| Personal Goods | 3.6% | 716.2% | -76.5% |
| Automobiles and Parts | 3.4% | 199.3% | -80.1% |
| Retailers | 3.3% | 262.6% | -89.1% |
| Mortgage Real Estate Investment Trusts | 2.7% | 193.1% | -75.1% |
| Industrial Support Services | 2.6% | 6,461.6% | -93.4% |
| Health Care Providers | 2.5% | 4,050.5% | -82.3% |
| Industrial Metals and Mining | 2.2% | 467% | -94.8% |
| Industrial Materials | 2% | 40% | -66.2% |
| Telecommunications Equipment | 1.8% | 2,481.8% | -80% |
| Finance and Credit Services | 1.3% | 200% | -98.5% |
| Travel and Leisure | 1.2% | 5,954.1% | -89.7% |
| Banks | 1% | 68,414.3% | -98.2% |
| Industrial Engineering | 1% | 1,495.5% | -100% |
| Media | 0.8% | 10,644.8% | -95.6% |
| Closed End Investments | 0.5% | 2,299.2% | -93.3% |
| Aerospace and Defense | 0.5% | 32,795.9% | -84.3% |
| Food Producers | 0.5% | 1,474.1% | -87.2% |
| Consumer Services | 0.3% | 1,011.7% | -96.4% |
| Open End and Miscellaneous Investment Vehicles | 0.2% | 600,107.7% | -100% |
| Life Insurance | -0.1% | 276.7% | -51.4% |
| Industrial Transportation | -0.5% | 303.3% | -82% |
| General Industrials | -0.6% | 62.7% | -90.9% |
| Personal Care, Drug and Grocery Stores | -0.7% | 4,918.7% | -62.6% |
| Real Estate Investment Trusts | -0.9% | 26,721.3% | -92.1% |
| Oil, Gas and Coal | -1.2% | 2,180.1% | -95.5% |
| Non-life Insurance | -1.3% | 359% | -97.9% |
| Telecommunications Service Providers | -1.4% | 70% | -57.6% |
| Chemicals | -1.6% | 482.7% | -74.1% |
| Waste and Disposal Services | -1.7% | 265.8% | -75.7% |
| Beverages | -1.9% | 470.8% | -93.6% |
| Electricity | -2.7% | 24.8% | -86.9% |
| Precious Metals and Mining | -3.1% | 302% | -92.5% |
| Gas, Water and Multi-utilities | -3.3% | 82.9% | -70.9% |
| Real Estate Investment and Services | -4.7% | 5,258.3% | -97.4% |
| Construction and Materials | -4.7% | 3,443.3% | -89.5% |
| Medical Equipment and Services | -5.4% | 17,258.8% | -92.4% |
| Tobacco | -6.4% | 579% | -87.7% |
| Alternative Energy | -46.2% | 91.3% | -95.6% |
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