Value of Scottsdale-based Pharmaceuticals and Biotechnology company Journey Medical Corp. (DERM:NAQ) fell 82.9% on Aug. 16

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Stock market 20 edited

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The value in Pharmaceuticals and Biotechnology stocks rose 24 percent on Aug. 16 from the previous day.

The strongest performing Pharmaceuticals and Biotechnology company in Arizona was Weed Inc. (BUDZ:QBB), dropping 81.7 percent to sell at $0.1003.

Journey Medical Corp. (DERM:NAQ) fared the worst among Arizona companies, suffering an 82.9 percent drop to $3.56.

Among Scottsdale companies, Journey Medical Corp. (DERM:NAQ) saw the biggest fall in value of 82.9 percent on Aug. 16.

The Household Goods and Home Construction industry was the daily best-performing industry on the market. The market is divided into 43 different industries.

Waste and Disposal 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.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Rank of stock market industries on Aug. 16

Industry% ChangeHighest Positive ChangeLargest Negative Change
Household Goods and Home Construction937.3%226.3%-59.2%
Precious Metals and Mining168.3%59.6%-100%
Electronic and Electrical Equipment119.9%26,643.5%-100%
Non-life Insurance98%18,021,580.1%-98.3%
Industrial Metals and Mining57.6%241,793,204.2%-100%
Real Estate Investment and Services48.5%4,289,932.7%-48.9%
Food Producers43.6%908.9%-100%
Pharmaceuticals and Biotechnology24%5,835,100.4%-100%
Automobiles and Parts22.8%728.7%-100%
Software and Computer Services22.3%1,242,287.6%-100%
Leisure Goods22.3%3,024,122%-99.7%
Construction and Materials21.1%25,270,681.3%-100%
Telecommunications Equipment19.6%7,849.6%-48.5%
Personal Care, Drug and Grocery Stores18.9%311.2%-100%
Aerospace and Defense18.1%119.5%-100%
Banks16.4%69,735,594.7%-100%
Finance and Credit Services15.2%1,135.9%-100%
Health Care Providers12.8%1,893.1%-100%
General Industrials9.3%430.3%-100%
Chemicals5.3%3,107,156.8%-100%
Electricity2.8%903.4%-100%
Telecommunications Service Providers2.1%8,487.2%-48.5%
Industrial Transportation1.5%12,055.6%-100%
Open End and Miscellaneous Investment Vehicles1.1%142,352.8%-100%
Media-1.3%6,388,608.5%-100%
Alternative Energy-2.5%268.7%-99.6%
Mortgage Real Estate Investment Trusts-3.2%155.3%-100%
Closed End Investments-3.5%67,446,034.6%-100%
Industrial Materials-3.9%79%-100%
Gas, Water and Multi-utilities-5.2%11,236,134.3%-57.5%
Life Insurance-5.3%217.7%-
Technology Hardware and Equipment-5.5%555.7%-100%
Oil, Gas and Coal-9.3%111,075,979.5%-100%
Industrial Engineering-10.1%14,605.9%-100%
Personal Goods-11.9%20,800.3%-100%
Real Estate Investment Trusts-12.4%287,461,039.9%-100%
Medical Equipment and Services-16.8%5,303,815.6%-100%
Consumer Services-17.8%233.9%-99.4%
Retailers-20.6%19,024.5%-100%
Beverages-26%7,996,459.1%-77.1%
Investment Banking and Brokerage Services-27.1%1,756.3%-100%
Industrial Support Services-27.3%1,471,130%-100%
Waste and Disposal Services-29.4%1,398.7%-57.1%

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