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Thursday, November 7, 2024

Value of Columbus-based industrials company Cummins Inc. (CMI:NYQ) fell 57.3% in Q4 2022

Stock market 3 edited

Value in industrials stocks rose 13.1 percent in the fourth quarter of 2022 from the previous quarter.

The strongest performing industrials company in Indiana was Infrastructure and Energy Alternatives Inc. (IEA:NAQ), sitting 813.3 percent higher to sell at $13.72.

Cummins Inc. (CMI:NYQ) fared the worst among Indiana companies, suffering a 57.3 percent drop to $241.34.

The Industrials sector was the quarter’s best-performing sector on the market. The market is divided into 11 different sectors.

Telecommunications was the worst-performing sector.

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 sectors in Q4 2022

Sector% ChangeHighest Positive ChangeLargest Negative Change
Industrials13.1%43,399,362.3%-99.9%
Consumer Staples11.8%297,518.2%-99.9%
Basic Materials11.5%223,454.7%-99.8%
Consumer Discretionary9.4%20,286,624.5%-99.9%
Utilities9.4%40,146,770.4%-99.9%
Financials6.8%129,975,784.2%-99.9%
Health Care6.2%17,727,473.3%-99.9%
Energy1.8%14,025,376.8%-99.9%
Technology0.6%100,079.4%-99.9%
Real Estate-1.1%504,009.3%-99.2%
Telecommunications-5.3%6,787.4%-99.9%

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