Value in Banks stocks fell three percent in the week ending Sept. 24 from the previous week.
The strongest performing Banks company in Virginia was MainStreet Bancshares Inc. (MNSB:NAQ), dropping 24.4 percent to sell at $23.26.
Old Point Financial Corp. (OPOF:NAQ) fared the worst among Virginia companies, suffering a 96.1 percent drop to $27.25.
Among Charlottesville companies, Virginia National Bankshares Corp. (VABK:NAQ) saw the biggest fall in value of 86.7 percent in the week ending Sept. 24.
The Alternative Energy industry was the week’s best-performing industry on the market. The market is divided into 43 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 |
|---|---|---|---|
| Alternative Energy | 75.1% | 892.8% | -89.4% |
| Tobacco | 2.9% | 151.2% | -75.2% |
| Telecommunications Service Providers | -0.4% | 247.5% | -92.4% |
| Open End and Miscellaneous Investment Vehicles | -0.5% | 4,688,626.5% | -99.9% |
| Life Insurance | -0.5% | 1,301% | -88.7% |
| Media | -2.2% | 4,350.9% | -94.3% |
| Investment Banking and Brokerage Services | -2.5% | 170,055.9% | -95.9% |
| Personal Goods | -2.9% | 138.8% | -90% |
| Banks | -3% | 26,563.8% | -99.3% |
| Health Care Providers | -3.4% | 5,000.9% | -97.2% |
| Household Goods and Home Construction | -3.4% | 238.9% | -92.6% |
| Aerospace and Defense | -3.5% | 374.1% | -89.1% |
| Gas, Water and Multi-utilities | -3.5% | 115.9% | -86.7% |
| Waste and Disposal Services | -3.8% | 520.5% | -91% |
| Electricity | -3.8% | 60.1% | -77.6% |
| Retailers | -3.9% | 385.1% | -85% |
| Technology Hardware and Equipment | -4.2% | 533.5% | -91.4% |
| Industrial Materials | -4.5% | 325.7% | -95.8% |
| Real Estate Investment and Services | -4.7% | 23,664.6% | -99.9% |
| General Industrials | -5.1% | 745.3% | -85.3% |
| Telecommunications Equipment | -5.2% | 324.7% | -99.4% |
| Food Producers | -5.2% | 3,942.6% | -93.7% |
| Consumer Services | -5.3% | 1,602.9% | -99.8% |
| Closed End Investments | -5.3% | 52,988.3% | -89.9% |
| Chemicals | -5.5% | 232.1% | -98.2% |
| Pharmaceuticals and Biotechnology | -5.9% | 126,193.1% | -98.6% |
| Real Estate Investment Trusts | -5.9% | 259.9% | -96% |
| Non-life Insurance | -6% | 127.3% | -92.1% |
| Industrial Engineering | -6% | 234.9% | -93.9% |
| Industrial Transportation | -6.3% | 82.4% | -99.5% |
| Software and Computer Services | -6.4% | 896.1% | -96.9% |
| Travel and Leisure | -6.9% | 1,577.8% | -94.7% |
| Industrial Support Services | -7.1% | 1,368.8% | -93% |
| Electronic and Electrical Equipment | -7.6% | 614.5% | -85.7% |
| Mortgage Real Estate Investment Trusts | -8% | 92.1% | -90.2% |
| Automobiles and Parts | -8.4% | 135.4% | -84.1% |
| Finance and Credit Services | -8.5% | 132.5% | -94.5% |
| Leisure Goods | -8.5% | 919% | -89.5% |
| Precious Metals and Mining | -9% | 1,096.4% | -79% |
| Industrial Metals and Mining | -9.1% | 1,763.6% | -97.7% |
| Oil, Gas and Coal | -10.3% | 3,780.8% | -94.8% |
| Construction and Materials | -10.3% | 10,683.2% | -96.2% |
| Beverages | -22.8% | 2,034.6% | -95.1% |
