The strongest performing Industrial Engineering company in Massachusetts was L S Starrett Co. (SCX:NYQ), sitting 513.8 percent higher to sell at $6.71.
Agrify Corp. (AGFY:NAQ) fared the worst among Massachusetts companies, suffering a 70.5 percent drop to $2.89.
The Household Goods and Home Construction industry was the week’s best-performing industry on the market. The market is divided into 42 different industries.
Telecommunications Service Providers 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 |
|---|---|---|---|
| Household Goods and Home Construction | 3.9% | 3,906.5% | -86.1% |
| Telecommunications Equipment | 1.8% | 249.9% | -70.6% |
| Industrial Materials | 1.8% | 477.4% | -81.3% |
| Food Producers | 1.8% | 204.5% | -100% |
| Precious Metals and Mining | 1.7% | 70.2% | -68.2% |
| Waste and Disposal Services | 1.1% | 345% | -82.5% |
| Media | 0.2% | 1,743.2% | -85.1% |
| General Industrials | -0.1% | 250.4% | -60.8% |
| Industrial Transportation | -0.6% | 220.4% | -85.3% |
| Alternative Energy | -1.1% | 1,058.4% | -78% |
| Finance and Credit Services | -1.6% | 797.4% | -80.3% |
| Industrial Support Services | -1.6% | 15,458.4% | -95% |
| Mortgage Real Estate Investment Trusts | -1.8% | 8,629.4% | -51.5% |
| Tobacco | -1.8% | 342.6% | -99.4% |
| Technology Hardware and Equipment | -1.9% | 567.8% | -91.1% |
| Chemicals | -2% | 570% | -92.2% |
| Banks | -2% | 54,613.1% | -98.4% |
| Industrial Metals and Mining | -2% | 1,191% | -88.5% |
| Closed End Investments | -2.1% | 4,391.5% | -98.8% |
| Retailers | -2.4% | 1,543.6% | -93.8% |
| Travel and Leisure | -2.5% | 1,607.5% | -91.8% |
| Software and Computer Services | -2.6% | 20,072.7% | -96.7% |
| Automobiles and Parts | -2.6% | 3,315% | -81.3% |
| Personal Goods | -2.8% | 15,643.7% | -59.7% |
| Electronic and Electrical Equipment | -2.8% | 845% | -85% |
| Investment Banking and Brokerage Services | -3.2% | 77,708.2% | -80.5% |
| Non-life Insurance | -3.3% | 532.2% | -95.9% |
| Consumer Services | -3.5% | 510.8% | -93.1% |
| Industrial Engineering | -4.1% | 21,548% | -76.7% |
| Real Estate Investment and Services | -4.2% | 463.9% | -91.5% |
| Health Care Providers | -4.2% | 665.8% | -99% |
| Electricity | -4.3% | 917.4% | -75% |
| Aerospace and Defense | -4.6% | 733% | -70.5% |
| Gas, Water and Multi-utilities | -5.1% | 595.2% | -62.3% |
| Personal Care, Drug and Grocery Stores | -5.5% | 1,073% | -91% |
| Medical Equipment and Services | -5.7% | 339% | -89.1% |
| Pharmaceuticals and Biotechnology | -5.8% | 1,150,437.5% | -99.7% |
| Life Insurance | -5.8% | 240.2% | -92.3% |
| Leisure Goods | -6.1% | 492.7% | -99.7% |
| Real Estate Investment Trusts | -6.1% | 739.8% | -86.4% |
| Construction and Materials | -7.9% | 871.4% | -86.5% |
| Telecommunications Service Providers | -8.6% | 440.2% | -96.5% |
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