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Dallas City Wire

Wednesday, November 6, 2024

Value of Basic Materials company Valhi Inc. (VHI:NYQ) based in Dallas fell 72.8% in Q3

Stock market 5 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 Texas was Uranium Energy Corp. (UEC:ASQ), sitting 1,151.2 percent higher to sell at $3.5.

Valhi Inc. (VHI:NYQ) fared the worst among Texas companies, suffering a 72.8 percent drop to $25.16.

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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