The strongest performing Finance and Credit Services company in Michigan was UWM Holdings Corp. (UWMC:NYQ), dropping 19.4 percent to sell at $3.72.
Ally Financial Inc. (ALLY:NYQ) fared the worst among Michigan companies, suffering a 72.5 percent drop to $34.2.
The Travel and Leisure industry was the week’s best-performing industry on the market. The market is divided into 22 different industries.
Medical Equipment and Services 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 |
|---|---|---|---|
| Travel and Leisure | 362,163.5% | 3,658.3% | -99.6% |
| Telecommunications Service Providers | 259,347.2% | 68.7% | -99% |
| Investment Banking and Brokerage Services | 94,122.8% | 3,269.5% | -98.9% |
| Oil, Gas and Coal | 25,671.9% | 67.7% | -96.2% |
| Automobiles and Parts | 7,632.5% | 316.1% | -78.8% |
| Closed End Investments | 4,328.1% | 693.9% | -91.9% |
| Industrial Engineering | 3,768.3% | 449.4% | -89.7% |
| Telecommunications Equipment | 2,869.1% | 193.9% | -98.8% |
| Software and Computer Services | 2,622% | 49,967.7% | -96.8% |
| Life Insurance | 1,146.5% | - | -78.7% |
| Food Producers | 550.5% | 4,573.1% | -98.2% |
| Consumer Services | 216.6% | 17,233.3% | -94.3% |
| Technology Hardware and Equipment | 158% | 1,581.8% | -91.1% |
| Industrial Transportation | 125.2% | 1,032.4% | -95% |
| Banks | 110% | 1,269% | -99.1% |
| Real Estate Investment and Services | 75% | 5,773.6% | -85% |
| Pharmaceuticals and Biotechnology | 52.2% | 11,470.2% | -99.2% |
| Finance and Credit Services | 35.7% | 182.3% | -95.8% |
| Industrial Metals and Mining | 31.8% | 30,341.6% | -90.8% |
| Open End and Miscellaneous Investment Vehicles | 3.1% | 478,799% | -100% |
| Retailers | -60.6% | 1,752% | -92.7% |
| Medical Equipment and Services | -85.7% | 1,607% | -96.2% |
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