The strongest performing Financials company in Michigan was Conifer Holdings Inc. (CNFR:NMQ), sitting 72.3 percent higher to sell at $1.91.
Jackson Financial Inc. (JXN:NYQ) fared the worst among Michigan companies, suffering a 99.9 percent drop to $30.48.
Among Detroit companies, Ally Financial Inc. (ALLY:NYQ) saw the biggest fall in value of 31 percent on Aug. 30.
The Basic Materials sector was the daily best-performing sector on the market.
Energy was the worst-performing sector.
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.
| Sector | % Change | Highest Positive Change | Largest Negative Change |
|---|---|---|---|
| Basic Materials | 11.7% | 6,523,971.5% | -100% |
| Consumer Staples | 8.1% | 16,650,836.4% | -100% |
| Real Estate | 7.6% | 14,324.6% | -100% |
| Financials | 7.4% | 99,863,052.3% | -100% |
| Consumer Discretionary | 1.8% | 45,258,057.2% | -100% |
| Technology | 1.1% | 9,270,422.8% | -100% |
| Utilities | -3% | 2,928% | -100% |
| Telecommunications | -5.9% | 26,481.5% | -100% |
| Industrials | -8.4% | 24,509,801.1% | -100% |
| Health Care | -10.5% | 149,476,514.7% | -100% |
| Energy | -28.7% | 15,735,083.7% | -100% |
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