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Boise City Wire

Thursday, November 28, 2024

Value of Boise-based Basic Materials company Boise Cascade Co. (BCC:NYQ) fell 14.5% in Q3

Stock market 10 edited

Value in Basic Materials stocks fell 5.5 percent in the third quarter of 2022 from the previous quarter.

The strongest performing Basic Materials company in Idaho was Hecla Mining Co. (HL:NYQ), sitting 40.6 percent higher to sell at $3.94.

Boise Cascade Co. (BCC:NYQ) fared the worst among Idaho companies, suffering a 14.5 percent drop to $59.46.

The Energy 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 Q3

Sector% ChangeHighest Positive ChangeLargest Negative Change
Energy11%214,234,871.4%-99.9%
Consumer Discretionary2%572,197,092.7%-99.9%
Financials0.5%110,081,820.9%-99.9%
Industrials-1%403,278,588.5%-99.9%
Technology-3.5%22,686,368.6%-99.9%
Health Care-4.3%262,447,661.2%-99.9%
Utilities-4.7%34,734,059.1%-97%
Basic Materials-5.5%9,017,024.5%-99.9%
Consumer Staples-5.9%41,323,772.7%-99.9%
Real Estate-8.7%51,847,883.9%-93.9%
Telecommunications-13.1%439,928,175.9%-81.6%

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