The strongest performing Banks company in New York was Lake Shore Bancorp Inc. (LSBK:NMQ), sitting 1,011.6 percent higher to sell at $14.25.
Greene County Bancorp Inc. (GCBC:NAQ) fared the worst among New York companies, suffering a 63.5 percent drop to $52.3.
Among Albany companies, Pioneer Bancorp Inc. (PBFS:NAQ) saw the biggest fall in value of 3.1 percent in the week ending May 21.
The Telecommunications Service Providers industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.
Retailers 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 |
|---|---|---|---|
| Telecommunications Service Providers | 4.7% | 208% | -77.6% |
| Oil, Gas and Coal | 2.9% | 1,078.9% | -97.3% |
| Alternative Energy | 2.8% | 833.2% | -98.1% |
| Pharmaceuticals and Biotechnology | 2.4% | 273,334.5% | -99.8% |
| Precious Metals and Mining | 2.2% | 27,940.5% | -61.7% |
| Medical Equipment and Services | 1.7% | 44,188.6% | -96% |
| Electricity | 1.3% | 14,160.7% | -45% |
| Gas, Water and Multi-utilities | 0.7% | 185.2% | -94.1% |
| Industrial Materials | 0.5% | 250% | -49% |
| Banks | 0.3% | 51,251.4% | -99.9% |
| Open End and Miscellaneous Investment Vehicles | 0.2% | 490,255.6% | -100% |
| Finance and Credit Services | -0.2% | 221.2% | -71% |
| Chemicals | -0.4% | 1,257.3% | -92.9% |
| Telecommunications Equipment | -0.4% | 185.8% | -82.1% |
| Consumer Services | -0.5% | 435% | -84.9% |
| Non-life Insurance | -0.5% | 303.9% | -94.5% |
| Closed End Investments | -0.6% | 1,866.7% | -94.6% |
| Health Care Providers | -0.7% | 3,137.2% | -86.2% |
| Investment Banking and Brokerage Services | -0.8% | 2,161.2% | -99.6% |
| Personal Care, Drug and Grocery Stores | -0.8% | 83.6% | -93.5% |
| Household Goods and Home Construction | -1.1% | 75.3% | -98.3% |
| Industrial Support Services | -1.3% | 666.8% | -96.9% |
| General Industrials | -1.5% | 548.6% | -88.8% |
| Waste and Disposal Services | -1.5% | 193.3% | -97.8% |
| Industrial Metals and Mining | -1.6% | 710.2% | -95.4% |
| Electronic and Electrical Equipment | -1.8% | 2,104.1% | -87.3% |
| Automobiles and Parts | -1.9% | 138,540.9% | -96.5% |
| Construction and Materials | -1.9% | 212.3% | -87.7% |
| Technology Hardware and Equipment | -2.3% | 158.3% | -96.9% |
| Real Estate Investment Trusts | -2.7% | 581% | -90.6% |
| Personal Goods | -2.7% | 408.5% | -78.3% |
| Aerospace and Defense | -2.8% | 7,909.4% | -97% |
| Software and Computer Services | -3.3% | 5,344% | -94.9% |
| Industrial Engineering | -3.9% | 14,876.6% | -86.1% |
| Industrial Transportation | -4% | 56.8% | -98.1% |
| Mortgage Real Estate Investment Trusts | -4.2% | 414.4% | -79.9% |
| Life Insurance | -4.8% | 546.9% | -79.8% |
| Food Producers | -5% | 393.6% | -100% |
| Real Estate Investment and Services | -5.3% | 1,301.2% | -93.1% |
| Media | -5.3% | 592.2% | -100% |
| Beverages | -5.9% | 127.6% | -82.8% |
| Travel and Leisure | -6.1% | 2,784.1% | -93.1% |
| Tobacco | -9.8% | 376.5% | -72.6% |
| Leisure Goods | -10.5% | 991.2% | -99.3% |
| Retailers | -10.5% | 5,396% | -94.2% |
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