Value in Pharmaceuticals and Biotechnology stocks rose 7.8 percent in the week ending Aug. 13 from the previous week.
The strongest performing Pharmaceuticals and Biotechnology company in Washington was Neoleukin Therapeutics Inc. (NLTX:NMQ), sitting 33,594,000 percent higher to sell at $1.17.
CTI Biopharma Corp. (CTIC:NAQ) fared the worst among Washington companies, suffering a 99.8 percent drop to $5.71.
Among Redmond companies, Eliem Therapeutics Inc. (ELYM:NMQ) saw the highest rise in value of 38.8 percent in the week ending Aug. 13.
The Media industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.
Telecommunications Service Providers 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 |
|---|---|---|---|
| Media | 13.3% | 12,962,655.6% | -99.7% |
| Pharmaceuticals and Biotechnology | 7.8% | 170,311,992.1% | -99.9% |
| Life Insurance | 7.5% | 19,020,818.4% | -95.7% |
| Industrial Metals and Mining | 6.7% | 11,327,832% | -94.1% |
| Real Estate Investment and Services | 6% | 5,067,713% | -99.8% |
| Leisure Goods | 6% | 119,607,449.5% | -99.1% |
| Software and Computer Services | 5.8% | 42,083,794.9% | -99.8% |
| Automobiles and Parts | 5.8% | 315,361.3% | -92.8% |
| Industrial Transportation | 5.5% | 25,251,150.3% | -99.9% |
| Industrial Engineering | 5.3% | 13,532,062.4% | -99.9% |
| General Industrials | 5.3% | 31,696,779.9% | -99.8% |
| Industrial Materials | 5.2% | 15,906.5% | -95% |
| Precious Metals and Mining | 5% | 11,488,642.5% | -97.7% |
| Travel and Leisure | 4.6% | 14,960,438.4% | -99.7% |
| Chemicals | 4.5% | 499,137.8% | -99.5% |
| Telecommunications Equipment | 4.4% | 100,449.4% | -79% |
| Retailers | 4.4% | 131,802,786.1% | -99.9% |
| Personal Care, Drug and Grocery Stores | 4.4% | 8,870,960.2% | -97.5% |
| Aerospace and Defense | 4.1% | 5,434,723.8% | -95.9% |
| Construction and Materials | 3.9% | 585,400.9% | -99.9% |
| Non-life Insurance | 3.8% | 1,654,349.6% | -99.9% |
| Real Estate Investment Trusts | 3.7% | 105,198,554.9% | -99.1% |
| Oil, Gas and Coal | 3.5% | 23,295,604.7% | -99.9% |
| Tobacco | 3.3% | 5,120,732.8% | – |
| Personal Goods | 2.7% | 36,332,262.2% | -99.8% |
| Health Care Providers | 2.7% | 2,760,548.1% | -94% |
| Electricity | 2.3% | 24,020,763.3% | -92% |
| Household Goods and Home Construction | 2.2% | 16,510,588.5% | -97% |
| Finance and Credit Services | 2% | 3,551,686.8% | -99.3% |
| Industrial Support Services | 2% | 65,009,481% | -99.9% |
| Medical Equipment and Services | 2% | 25,432,229.3% | -98.2% |
| Waste and Disposal Services | 1.9% | 30,714,700.6% | -97.1% |
| Banks | 1.8% | 14,353,669.4% | -99.9% |
| Mortgage Real Estate Investment Trusts | 1.8% | 5,393,616.6% | -78.2% |
| Food Producers | 1.7% | 52,166,626.8% | -99.9% |
| Closed End Investments | 0.7% | 19,494,690.4% | -99.9% |
| Electronic and Electrical Equipment | 0.5% | 5,192,995.3% | -99.9% |
| Technology Hardware and Equipment | 0.5% | 25,310,613.6% | -98.7% |
| Open End and Miscellaneous Investment Vehicles | 0.2% | 15,142,719.9% | -99.9% |
| Gas, Water and Multi-utilities | -0.2% | 47,668,246.5% | -92.6% |
| Beverages | -0.4% | 112,116,162% | -90.9% |
| Consumer Services | -1.3% | 134,313,282.1% | -99.7% |
| Alternative Energy | -1.4% | 9,436,704% | -87.6% |
| Investment Banking and Brokerage Services | -2.8% | 56,787,244.4% | -99.8% |
| Telecommunications Service Providers | -4.7% | 1,959,685.9% | -47% |
