Value in Banks stocks fell 3.6 percent in the week ending June 11 from the previous week.
The strongest performing Banks company in Maine was Bar Harbor Bankshares (BHB:ASQ), sitting 46.4 percent higher to sell at $24.92.
Northeast Bank (NBN:NMQ) experienced the smallest increase in share price among Maine companies, rising 5.5 percent to sell at $36.52.
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% |
