Value in Banks stocks rose two percent in the week ending Oct. 29 from the previous week.
The strongest performing Banks company in South Carolina was Bank of South Carolina (BKSC:NAQ), sitting 1,299.4 percent higher to sell at $16.6.
Oconee Federal Financial Corp. (OFED:NAQ) fared the worst among South Carolina companies, suffering a 94.2 percent drop to $26.
Among Greenville companies, Southern First Bancshares Inc. (SFST:NMQ) saw the highest rise in value of 242.2 percent in the week ending Oct. 29.
The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.
Beverages 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 |
|---|---|---|---|
| Finance and Credit Services | 132% | 482.6% | -67% |
| Alternative Energy | 13.4% | 126.1% | -87.3% |
| Mortgage Real Estate Investment Trusts | 12.6% | 306.6% | -58.2% |
| Telecommunications Equipment | 10.8% | 12,486.5% | -61.1% |
| Retailers | 9% | 1,043.5% | -73.9% |
| Leisure Goods | 8.8% | 313.8% | -90.5% |
| Automobiles and Parts | 8.4% | 1,176.1% | -92.9% |
| Personal Care, Drug and Grocery Stores | 7.8% | 254.6% | -74.5% |
| Gas, Water and Multi-utilities | 7.4% | 166.9% | -83.7% |
| Telecommunications Service Providers | 7.3% | 988.4% | -52.4% |
| Industrial Support Services | 7.1% | 1,353% | -89.6% |
| Industrial Transportation | 7% | 505.9% | -93.7% |
| Tobacco | 7% | 6,514.6% | -55.3% |
| Construction and Materials | 6.9% | 670% | -70.9% |
| Investment Banking and Brokerage Services | 6.9% | 26,606.5% | -96.4% |
| Household Goods and Home Construction | 6.2% | 114.7% | -96.1% |
| Industrial Engineering | 6.1% | 4,914.3% | -89% |
| Electricity | 6.1% | 82.5% | -62.3% |
| Real Estate Investment Trusts | 5.9% | 884% | -84.7% |
| Health Care Providers | 5.9% | 832.6% | -79.9% |
| Software and Computer Services | 5.8% | 5,230.2% | -89.7% |
| Precious Metals and Mining | 5.5% | 40.2% | -57.7% |
| Life Insurance | 5.4% | 114% | -63.6% |
| Pharmaceuticals and Biotechnology | 5.4% | 50,902.2% | -99.7% |
| Food Producers | 5.2% | 1,335.9% | -90.5% |
| Aerospace and Defense | 4.9% | 411.2% | -81.3% |
| Electronic and Electrical Equipment | 4.6% | 2,627% | -99% |
| Travel and Leisure | 4.3% | 632.9% | -92.3% |
| Oil, Gas and Coal | 3.9% | 3,075.7% | -88.2% |
| Technology Hardware and Equipment | 3.3% | 32,745.3% | -95.1% |
| Chemicals | 2.9% | 192.3% | -99.4% |
| General Industrials | 2.8% | 708.7% | -70.9% |
| Industrial Materials | 2.6% | 2,319.8% | -53% |
| Closed End Investments | 2.6% | 3,208.1% | -94.8% |
| Consumer Services | 2.4% | 456.2% | -88.6% |
| Banks | 2% | 203,207.2% | -98.5% |
| Media | 1.5% | 2,487.7% | -80.6% |
| Real Estate Investment and Services | 1.3% | 3,046.9% | -94.4% |
| Medical Equipment and Services | 1.1% | 769% | -97.4% |
| Waste and Disposal Services | 0.8% | 112.9% | -95.9% |
| Industrial Metals and Mining | 0.5% | 591.2% | -99.6% |
| Open End and Miscellaneous Investment Vehicles | 0.5% | 20,339,900% | -99.9% |
| Personal Goods | -0.2% | 444.2% | -80.6% |
| Non-life Insurance | -6.4% | 491.4% | -97.9% |
| Beverages | -15.3% | 162.2% | -77.2% |
