Value in Banks stocks rose 2.1 percent in the week ending Oct. 15 from the previous week.
The strongest performing Banks company in California was Summit State Bank (SSBI:NMQ), sitting 17,312.2 percent higher to sell at $14.81.
American Business Bank (AMBZ:QXP) fared the worst among California companies, suffering a 99.7 percent drop to $38.95.
Among Los Angeles companies, OP Bancorp (OPBK:NMQ) saw the highest rise in value of 34.1 percent in the week ending Oct. 15.
The Life Insurance industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.
Travel and Leisure 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.
| Industry | Percentage Change | Highest Positive Change | Largest Negative Change |
|---|---|---|---|
| Life Insurance | 6.5% | 226,592,565.8% | -85.2% |
| Beverages | 5% | 18,823,083.3% | -89.1% |
| Food Producers | 4.7% | 179,820,718.4% | -75.1% |
| Investment Banking and Brokerage Services | 3.9% | 239,131,027.9% | -99.5% |
| Tobacco | 2.6% | 11,693,434.8% | -67.3% |
| Banks | 2.1% | 1,639,836,432.5% | -99.8% |
| Personal Care, Drug and Grocery Stores | 2% | 141,525,312.9% | -87.8% |
| Real Estate Investment and Services | 1.9% | 1,543,959.4% | -99.9% |
| Leisure Goods | 1.1% | 14,211,272% | -73.1% |
| Non-life Insurance | 0.9% | 142,518,697% | -89.6% |
| Mortgage Real Estate Investment Trusts | 0.8% | 27,684,447.4% | -80% |
| Industrial Transportation | 0.4% | 195,004,456.8% | -70.3% |
| Gas, Water and Multi-utilities | 0.3% | 870,535.4% | -90.6% |
| Retailers | 0.2% | 19,242,376.9% | -91% |
| Electronic and Electrical Equipment | -0.2% | 339,480.1% | -94.9% |
| Industrial Materials | -0.2% | 14,838,741.3% | -16.1% |
| Open End and Miscellaneous Investment Vehicles | -0.3% | 8,207,900% | -99.9% |
| Real Estate Investment Trusts | -0.4% | 222,147,369.1% | -70.7% |
| Media | -0.7% | 152,851,569.5% | -87.8% |
| Industrial Engineering | -0.8% | 75,012,411.3% | -99.2% |
| General Industrials | -0.8% | 142,771,955.6% | -91.6% |
| Consumer Services | -0.9% | 62,878,583.4% | -77.8% |
| Pharmaceuticals and Biotechnology | -1.3% | 564,055,408.8% | -97.1% |
| Automobiles and Parts | -1.3% | 5,371,182.6% | -50.7% |
| Waste and Disposal Services | -1.4% | 26,628,004.9% | -99.4% |
| Industrial Support Services | -1.5% | 606,189,913% | -95.2% |
| Chemicals | -1.6% | 39,305,148.6% | -95.9% |
| Health Care Providers | -1.6% | 215,817,390.5% | -95.9% |
| Electricity | -2.1% | 64,206,636.4% | -53.5% |
| Closed End Investments | -2.2% | 2,724,772.7% | -98.5% |
| Personal Goods | -2.6% | 707,185,788.7% | -75% |
| Aerospace and Defense | -2.9% | 51,151,344.3% | -92.7% |
| Finance and Credit Services | -2.9% | 29,203,338.4% | -91.1% |
| Telecommunications Service Providers | -3% | 237,373,034.3% | -95.6% |
| Oil, Gas and Coal | -3.1% | 218,730,919.5% | -93% |
| Medical Equipment and Services | -3.5% | 26,911,731% | -95.9% |
| Precious Metals and Mining | -3.7% | 1,306,263.8% | -75.6% |
| Technology Hardware and Equipment | -4.1% | 3,672,510.3% | -95% |
| Household Goods and Home Construction | -4.5% | 82,290,827.1% | -92.6% |
| Telecommunications Equipment | -6.3% | 102,997,855.2% | -91.6% |
| Industrial Metals and Mining | -6.4% | 142,309,536.1% | -97.8% |
| Software and Computer Services | -7.3% | 70,494,017.7% | -99% |
| Construction and Materials | -7.9% | 137,402,699.2% | -80.2% |
| Alternative Energy | -10% | 53,943,750.8% | -84.3% |
| Travel and Leisure | -12.3% | 7,807,192.6% | -93.3% |
