Value in Banks stocks fell 3.6 percent in the week ending June 11 from the previous week.
The strongest performing Banks company in South Carolina was First Community Corp. (South Carolina) (FCCO:NAQ), sitting 559.7 percent higher to sell at $18.25.
Bank of South Carolina (BKSC:NAQ) fared the worst among South Carolina companies, suffering a 75.9 percent drop to $17.34.
The Beverages industry was the week’s best-performing industry on the market. The market is divided into 44 different industries.
Finance and Credit 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 |
|---|---|---|---|
| Beverages | 23.2% | 363.5% | -96% |
| Oil, Gas and Coal | 0.4% | 661.1% | -99.6% |
| Food Producers | 0.3% | 724.3% | -87.4% |
| Open End and Miscellaneous Investment Vehicles | -0.4% | 1,308,121.6% | -100% |
| Telecommunications Service Providers | -0.5% | 1,950% | -49.5% |
| Waste and Disposal Services | -1.4% | 1,780.5% | -91.8% |
| Consumer Services | -1.5% | 4,191.2% | -64.2% |
| Mortgage Real Estate Investment Trusts | -1.8% | 377% | -82.1% |
| Telecommunications Equipment | -2.1% | 1,667.7% | -85% |
| Closed End Investments | -2.2% | 4,176.8% | -88.5% |
| Personal Care, Drug and Grocery Stores | -2.3% | 158.7% | -76.2% |
| Retailers | -2.5% | 1,262.2% | -84.5% |
| Health Care Providers | -2.6% | 303.6% | -76.4% |
| Leisure Goods | -2.7% | 3,085.4% | -89.9% |
| Media | -2.8% | 4,585.5% | -96.4% |
| Gas, Water and Multi-utilities | -2.8% | 551.9% | -57.8% |
| Automobiles and Parts | -2.9% | 880.9% | -97.2% |
| Non-life Insurance | -3% | 369.6% | -84.3% |
| Aerospace and Defense | -3% | 1,763% | -76.9% |
| Electricity | -3.1% | 2,489.9% | -37.8% |
| Banks | -3.6% | 8,888.1% | -99.5% |
| Pharmaceuticals and Biotechnology | -4.4% | 5,864% | -94.7% |
| Alternative Energy | -4.4% | 301.3% | -56.1% |
| Industrial Engineering | -4.5% | 2,975% | -93.9% |
| Personal Goods | -4.5% | 486.1% | -53.2% |
| Industrial Materials | -4.5% | 80.1% | -37.3% |
| Real Estate Investment and Services | -4.7% | 3,393.5% | -99.9% |
| General Industrials | -4.7% | 380.7% | -89% |
| Industrial Support Services | -4.9% | 567.2% | -97.7% |
| Electronic and Electrical Equipment | -4.9% | 248,119.7% | -97.4% |
| Investment Banking and Brokerage Services | -5% | 13,523.7% | -100% |
| Real Estate Investment Trusts | -5.2% | 317.3% | -71.9% |
| Travel and Leisure | -5.5% | 1,205.4% | -98.5% |
| Household Goods and Home Construction | -5.8% | 10,090.8% | -84.3% |
| Chemicals | -6% | 533.1% | -63.7% |
| Technology Hardware and Equipment | -6.1% | 1,186.1% | -96.6% |
| Industrial Metals and Mining | -6.7% | 6,952.1% | -96.6% |
| Software and Computer Services | -6.7% | 38,011.4% | -96.8% |
| Industrial Transportation | -6.7% | 383.7% | -64% |
| Precious Metals and Mining | -7.1% | 12,593.5% | -96.6% |
| Life Insurance | -9.7% | 2,562.6% | -95.1% |
| Tobacco | -11.3% | 584.4% | -38.2% |
| Medical Equipment and Services | -11.4% | 1,454% | -91.2% |
| Finance and Credit Services | -52.6% | 440.3% | -74% |