The strongest performing Household Goods and Home Construction company in Michigan was Pultegroup Inc. (PHM:NYQ), sitting 7.9 percent higher to sell at $45.69.
La-Z-Boy Inc. (LZB:NYQ) fared the worst among Michigan companies, suffering a 61 percent drop to $25.55.
Among Grand Rapids companies, Steelcase Inc. (SCS:NYQ) saw the biggest fall in value of 13.9 percent in the week ending May 28.
The Tobacco industry was the week’s best-performing industry on the market. The market is divided into 45 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 |
|---|---|---|---|
| Tobacco | 14.4% | 111.3% | -99.7% |
| Construction and Materials | 13.1% | 408.5% | -64% |
| Retailers | 12.5% | 1,246.3% | -89.5% |
| Leisure Goods | 12.4% | 35,421.1% | -87.1% |
| Oil, Gas and Coal | 11.2% | 3,744.5% | -98.7% |
| Life Insurance | 11.1% | 1,408.7% | -51.7% |
| Alternative Energy | 11.1% | 5,558.7% | -77.3% |
| Industrial Transportation | 10.2% | 679.1% | -62.1% |
| Precious Metals and Mining | 10.1% | 143.7% | -100% |
| Telecommunications Equipment | 9.9% | 714% | -80% |
| Aerospace and Defense | 9.6% | 17,143.7% | -95.7% |
| Media | 9.1% | 66,566.7% | -80% |
| Real Estate Investment and Services | 9.1% | 1,017.6% | -95% |
| Travel and Leisure | 9.1% | 1,117.8% | -92.7% |
| Industrial Metals and Mining | 8.9% | 1,258.7% | -86.8% |
| Food Producers | 8.4% | 1,351,983.3% | -72.5% |
| Industrial Engineering | 8% | 593.8% | -98.4% |
| Technology Hardware and Equipment | 7.6% | 692% | -75.3% |
| Household Goods and Home Construction | 7.3% | 6,447.1% | -88.2% |
| Mortgage Real Estate Investment Trusts | 7.3% | 188.2% | -70.4% |
| Health Care Providers | 7.2% | 1,454.8% | -89% |
| Personal Goods | 7.1% | 290.4% | -80.1% |
| Investment Banking and Brokerage Services | 7.1% | 36,477% | -100% |
| Software and Computer Services | 7% | 19,566.7% | -92.2% |
| Telecommunications Service Providers | 6.8% | 98.1% | -97.3% |
| Beverages | 6.7% | 2,396.7% | -76% |
| Industrial Materials | 6.4% | 323.5% | -82.8% |
| Automobiles and Parts | 6.1% | 1,997.8% | -91.6% |
| Chemicals | 5.9% | 6,769.2% | -93.8% |
| Industrial Support Services | 5.7% | 234.9% | -84.7% |
| General Industrials | 5.6% | 784.2% | -88% |
| Closed End Investments | 5.2% | 1,195.4% | -97.1% |
| Non-life Insurance | 5% | 178.4% | -86.4% |
| Real Estate Investment Trusts | 4.7% | 569.2% | -86% |
| Personal Care, Drug and Grocery Stores | 4.6% | 1,000% | -72.3% |
| Electricity | 4.6% | 64.4% | -97.1% |
| Banks | 4.5% | 10,818% | -95.1% |
| Waste and Disposal Services | 4.5% | 35,815.3% | -65.4% |
| Electronic and Electrical Equipment | 4% | 18,715.5% | -96.3% |
| Medical Equipment and Services | 4% | 2,406.9% | -95.6% |
| Consumer Services | 3.8% | 3,491.7% | -78.5% |
| Gas, Water and Multi-utilities | 3.5% | 1,589.3% | -64.5% |
| Pharmaceuticals and Biotechnology | 1.6% | 21,700.2% | -99.2% |
| Open End and Miscellaneous Investment Vehicles | 0.4% | 955,422.5% | -100% |
| Finance and Credit Services | -50.7% | 1,099.2% | -65.2% |
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