The strongest performing Health Care company in Indiana was Elanco Animal Health Inc. (ELAN:NYQ), sitting 72.7 percent higher to sell at $20.62.
POINT Biopharma Global Inc. (PNT:NAQ) fared the worst among Indiana companies, suffering a 47.7 percent drop to $7.28.
Among West Lafayette companies, Inotiv Inc. (NOTV:NAQ) saw the biggest fall in value of 43.7 percent in the week ending July 2.
The Energy sector was the week’s best-performing sector on the market. The market is divided into 10 different sectors.
Health Care 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.
| Sector | % Change | Highest Positive Change | Largest Negative Change |
|---|---|---|---|
| Energy | 26,083.8% | 120,779,814.5% | -94.5% |
| Telecommunications | 7,016.7% | 6,909,067.8% | -96.0% |
| Financials | 3,021.1% | 541,045,061.3% | -100.0% |
| Technology | 673.3% | 633,678,732.1% | -97.7% |
| Consumer Staples | 403.8% | 83,080,840.7% | -96.7% |
| Industrials | 322.6% | 217,964,337.8% | -100.0% |
| Real Estate | 232.6% | 324,999,900% | -97.6% |
| Basic Materials | 114.4% | 132,571,475.1% | -93.4% |
| Consumer Discretionary | 31.9% | 478,623,920.9% | -94.8% |
| Health Care | -82.1% | 1,731,575,319% | -99.1% |