Quantcast

Minneapolis Review

Monday, December 23, 2024

Minneapolis-based consumer staples company General Mills Inc. (GIS:NYQ) sees value fall 53.9% in Q4 2022

Stock market 9 edited

Value in consumer staples stocks rose 11.8 percent in the fourth quarter of 2022 from the previous quarter.

The strongest performing consumer staples company in Minnesota was Fresh Vine Wine Inc. (VINE:ASQ), dropping 18.4 percent to sell at $1.05.

General Mills Inc. (GIS:NYQ) fared the worst among Minnesota companies, suffering a 53.9 percent drop to $84.76.

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%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS