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St. Charles Times

Saturday, November 23, 2024

Value of St. Charles-based Consumer Discretionary company 1847 Goedeker Inc. (GOED:ASQ) fell 88.8% in Q2

Stock market 22 edited

Value in Consumer Discretionary stocks fell 13.5 percent in the second quarter of 2022 from the previous quarter.

The strongest performing Consumer Discretionary company in Missouri was Build-A-Bear Workshop Inc. (BBW:NYQ), sitting 265.6 percent higher to sell at $16.42.

1847 Goedeker Inc. (GOED:ASQ) fared the worst among Missouri companies, suffering an 88.8 percent drop to $1.22.

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

Technology 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 Q2

Sector% ChangeHighest Positive ChangeLargest Negative Change
Energy4.7%1,133.7%-95.5%
Consumer Staples-4.3%4,949.5%-99.8%
Utilities-7%590.4%-91.6%
Telecommunications-10.7%13,758.6%-99.9%
Consumer Discretionary-13.5%15,926%-99.8%
Basic Materials-13.9%992.4%-99.4%
Industrials-14%5,634.2%-99.9%
Health Care-15.6%453,051.6%-99.9%
Real Estate-17.3%1,576.2%-99.8%
Financials-18.9%897,354.1%-99.9%
Technology-21.9%1,124.8%-99.8%

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