Value in Medical Equipment and Services stocks rose 0.3 percent in May from the previous month.
The strongest performing Medical Equipment and Services company in Minnesota was Predictive Oncology Inc. (POAI:NAQ), sitting 183.7 percent higher to sell at $0.38.
Electromed Inc. (ELMD:ASQ) experienced the smallest increase in share price among Minnesota companies, rising 14.7 percent to sell at $11.5.
Among Arden Hills companies, Intricon Corp. (IIN:NMQ) saw the highest rise in value of 29.2 percent in May.
The Telecommunications Service Providers industry was the month’s best-performing industry on the market. The market is divided into 42 different industries.
Precious Metals and Mining 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 |
|---|---|---|---|
| Telecommunications Service Providers | 13.4% | 3,502.9% | -77.2% |
| Oil, Gas and Coal | 13.2% | 2,519.3% | -79.1% |
| Alternative Energy | 8.8% | 209.3% | -63.9% |
| Electricity | 6% | 225.7% | -77.5% |
| Non-life Insurance | 5.8% | 299.9% | -90.5% |
| Chemicals | 5.5% | 815.7% | -90.2% |
| Life Insurance | 5.1% | 1,070.4% | -64.4% |
| Leisure Goods | 4.6% | 595.5% | -77.6% |
| Gas, Water and Multi-utilities | 4.4% | 1,495.1% | -91% |
| Automobiles and Parts | 4.1% | 1,985.7% | -85.2% |
| Construction and Materials | 3.5% | 21,490.9% | -87.8% |
| General Industrials | 3.3% | 353.9% | -85.8% |
| Tobacco | 3.1% | 1,011.2% | -99.3% |
| Industrial Materials | 3.1% | 775.7% | -83.4% |
| Technology Hardware and Equipment | 3% | 556.1% | -75.4% |
| Consumer Services | 2.7% | 910.2% | -98.9% |
| Mortgage Real Estate Investment Trusts | 2.6% | 246.3% | -99.5% |
| Industrial Engineering | 2.6% | 982.7% | -77.4% |
| Household Goods and Home Construction | 2.3% | 1,409.1% | -87% |
| Industrial Transportation | 1% | 160.4% | -87.2% |
| Investment Banking and Brokerage Services | 0.8% | 29,714.8% | -99.9% |
| Aerospace and Defense | 0.8% | 10,173.7% | -76.5% |
| Health Care Providers | 0.6% | 834.9% | -91% |
| Banks | 0.5% | 4,039.8% | -99.2% |
| Medical Equipment and Services | 0.3% | 8,239.9% | -96.4% |
| Industrial Metals and Mining | 0.1% | 292.6% | -91.5% |
| Electronic and Electrical Equipment | -0.4% | 5,398% | -91.2% |
| Open End and Miscellaneous Investment Vehicles | -0.6% | 49,587,953.6% | -99.9% |
| Retailers | -0.6% | 1,310% | -99.4% |
| Industrial Support Services | -0.8% | 604.9% | -92.3% |
| Media | -1.2% | 700.1% | -99.5% |
| Telecommunications Equipment | -1.3% | 558.4% | -94.8% |
| Pharmaceuticals and Biotechnology | -2.3% | 155,777.2% | -99.5% |
| Personal Care, Drug and Grocery Stores | -2.7% | 171.4% | -91% |
| Travel and Leisure | -2.8% | 3,428% | -90.8% |
| Personal Goods | -2.8% | 232.8% | -97.5% |
| Waste and Disposal Services | -3.1% | 150.7% | -75% |
| Real Estate Investment and Services | -3.7% | 16,992.5% | -96.7% |
| Real Estate Investment Trusts | -3.7% | 251.5% | -91.3% |
| Software and Computer Services | -4.2% | 3,197% | -98.7% |
| Finance and Credit Services | -4.3% | 1,380.9% | -72% |
| Precious Metals and Mining | -5.3% | 90.4% | -81.3% |
