Value in Banks stocks fell 49.2 percent in the week ending May 14 from the previous week.
The strongest performing Banks company in Virginia was Virginia National Bankshares Corp. (VABK:NAQ), sitting 75.4 percent higher to sell at $32.9.
Old Point Financial Corp. (OPOF:NAQ) fared the worst among Virginia companies, suffering an 87.7 percent drop to $25.05.
Among Lynchburg companies, Bank of the James (BOTJ:NAQ) saw the biggest fall in value of 60.4 percent in the week ending May 14.
The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 43 different industries.
Banks 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 |
|---|---|---|---|
| Finance and Credit Services | 110.5% | 70.8% | -73.8% |
| Tobacco | 9.4% | 2,108.5% | -33.7% |
| Leisure Goods | 5.4% | 8,428.8% | -83.1% |
| Consumer Services | 3.7% | 3,900% | -76.2% |
| Beverages | 3.1% | 1,111% | -90% |
| Gas, Water and Multi-utilities | 2.7% | 2,377.3% | -62.4% |
| Real Estate Investment and Services | 1.8% | 1,103.1% | -98.5% |
| Non-life Insurance | 1% | 1,842.3% | -93.2% |
| Food Producers | 1% | 1,014.2% | -97.7% |
| Telecommunications Equipment | 0.6% | 488.5% | -93% |
| Industrial Materials | 0.5% | 86.6% | -59.7% |
| Life Insurance | 0.2% | 290.2% | -74.4% |
| Technology Hardware and Equipment | 0.2% | 1,077.9% | -75.7% |
| Personal Goods | -0.2% | 609.5% | -75.8% |
| Travel and Leisure | -0.4% | 4,914.3% | -94.5% |
| Personal Care, Drug and Grocery Stores | -0.5% | 3,661.7% | -66.1% |
| Open End and Miscellaneous Investment Vehicles | -0.8% | 3,295,990.5% | -100% |
| Retailers | -0.9% | 1,541.2% | -93.1% |
| Electricity | -1.4% | 110% | -64% |
| Industrial Support Services | -1.5% | 25,310.6% | -88.4% |
| Industrial Engineering | -1.7% | 7,736.5% | -99.6% |
| Mortgage Real Estate Investment Trusts | -1.7% | 2,114.5% | -48.7% |
| Pharmaceuticals and Biotechnology | -1.9% | 8,158.6% | -96.1% |
| Chemicals | -2.5% | 802.5% | -63.3% |
| Household Goods and Home Construction | -2.7% | 1,816.1% | -89.9% |
| Media | -2.7% | 5,834.7% | -81.3% |
| General Industrials | -2.7% | 243.6% | -71.1% |
| Real Estate Investment Trusts | -2.8% | 490.8% | -74.3% |
| Closed End Investments | -2.9% | 35,307% | -93.4% |
| Investment Banking and Brokerage Services | -3% | 9,477% | -93.4% |
| Industrial Transportation | -3.3% | 4,201.5% | -57.8% |
| Software and Computer Services | -3.4% | 15,787.8% | -99% |
| Waste and Disposal Services | -3.5% | 378.4% | -88.6% |
| Health Care Providers | -3.6% | 902.6% | -83.6% |
| Aerospace and Defense | -4.1% | 1,918.8% | -88.5% |
| Electronic and Electrical Equipment | -4.6% | 7,194.9% | -79.9% |
| Construction and Materials | -5.4% | 936.3% | -80.4% |
| Oil, Gas and Coal | -5.4% | 761.2% | -99% |
| Industrial Metals and Mining | -6% | 2,053.9% | -74.6% |
| Alternative Energy | -6.6% | 241.7% | -80% |
| Medical Equipment and Services | -8.7% | 1,479% | -98.9% |
| Precious Metals and Mining | -9% | 623% | -96.1% |
| Banks | -49.2% | 3,809.7% | -99.7% |
