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Suffolk Reporter

Thursday, November 7, 2024

Bay Shore company Air Industries Group (AIRI:ASQ) working in industrials sees value rise 157.7% in Q4 2022

Stock market 23 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 New York was SG Blocks Inc. (SGBX:NAQ), sitting 741.3 percent higher to sell at $1.17.

Ipsidy Inc. (AUID:NAQ) fared the worst among New York companies, suffering a 99.9 percent drop to $0.6.

Among Bay Shore companies, Air Industries Group (AIRI:ASQ) saw the highest rise in value of 157.7 percent in the fourth quarter of 2022.

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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