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Thursday, November 21, 2024

Value of Dublin-based Pharmaceuticals and Biotechnology company Cardinal Health Inc. (CAH:NYQ) fell 18.9% in week ending Oct. 8

Stock market 6 edited

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 Ohio was Navidea Biopharmaceuticals Inc. (NAVB:ASQ), sitting 34.9 percent higher to sell at $0.2479.

Athersys Inc. (ATHX:NAQ) fared the worst among Ohio companies, suffering a 51.1 percent drop to $1.67.

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.

Rank of stock market industries in week ending Oct. 8

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Beverages18%6,791.8%-95.8%
Travel and Leisure16.2%1,066,902.2%-99.9%
Oil, Gas and Coal13.4%1,360,718%-99.9%
Industrial Metals and Mining11.6%5,985.8%-99.8%
Construction and Materials8.6%813.3%-99.6%
Medical Equipment and Services8.4%101,646.9%-99.9%
Personal Goods7.2%2,382.6%-98.6%
Household Goods and Home Construction6.4%3,927%-99.9%
Health Care Providers4.7%13,425.2%-99.4%
Industrial Support Services3.5%4,333%-99.9%
Industrial Materials3.5%--96.1%
Industrial Engineering3.4%2,880,597.9%-98.7%
General Industrials3.1%129.2%-99.9%
Software and Computer Services3.1%143,303.1%-99.9%
Electronic and Electrical Equipment2.8%1,721.6%-99.9%
Industrial Transportation2.7%50,533.3%-99.4%
Non-life Insurance2.5%2,609.2%-99.9%
Consumer Services2.4%196,366.9%-94.3%
Automobiles and Parts2.3%59.1%-99.9%
Finance and Credit Services2.2%470.7%-99.9%
Food Producers2.1%14,740.7%-99.6%
Chemicals2.1%20,167.2%-99.8%
Precious Metals and Mining2.1%46.7%-99.7%
Technology Hardware and Equipment2.1%1,832.7%-99.9%
Retailers2%917.5%-99.9%
Tobacco1.6%704.8%-96.7%
Closed End Investments1.2%1,168,330%-99.9%
Investment Banking and Brokerage Services1%3,260.1%-99.8%
Banks0.9%38,267.9%-99.9%
Aerospace and Defense0.8%23,295.6%-99.9%
Leisure Goods0.7%126%-99.8%
Real Estate Investment and Services0.6%117,506.9%-99.9%
Media0.4%1,282.3%-99.9%
Open End and Miscellaneous Investment Vehicles0.3%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%

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