Value in Automobiles and Parts stocks fell 0.6 percent in the third quarter of 2022 from the previous quarter.
The strongest performing Automobiles and Parts company in Michigan was Unique Fabricating Inc. (UFAB:ASQ), sitting 93 percent higher to sell at $0.5238.
General Motors Co. (GM:NYQ) fared the worst among Michigan companies, suffering a 100 percent drop to $33.26.
Among Dearborn companies, Ford Motor Co. (F:NYQ) saw the highest rise in value of 21.8 percent in the third quarter of 2022.
The Alternative Energy industry was the quarter’s best-performing industry on the market. The market is divided into 45 different industries.
Banks was the worst-performing industry.
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.
| Industry | Percentage Change | Highest Positive Change | Largest Negative Change |
|---|---|---|---|
| Alternative Energy | 24.9% | 4,593,014.6% | -99.9% |
| Telecommunications Equipment | 18.8% | 229% | -99.9% |
| Waste and Disposal Services | 18% | 32,633,087.3% | -97% |
| Travel and Leisure | 7.8% | 19,461,438.5% | -99.9% |
| Beverages | 6.1% | 3,414,310.2% | -99.6% |
| Oil, Gas and Coal | 5.9% | 24,203,565.5% | -99.9% |
| Investment Banking and Brokerage Services | 5% | 3,656.4% | -99.9% |
| Life Insurance | 4.8% | 23.7% | -95.7% |
| Consumer Services | 4.2% | 2,495,268.6% | -99.9% |
| Construction and Materials | 3.9% | 2,953.8% | -99.9% |
| Electronic and Electrical Equipment | 2.6% | 1,369.3% | -99.9% |
| Pharmaceuticals and Biotechnology | 2.3% | 33,525,999.5% | -99.9% |
| Household Goods and Home Construction | 1.1% | 104.6% | -97.9% |
| Open End and Miscellaneous Investment Vehicles | -0.1% | 22,850,076.1% | -99.9% |
| Retailers | -0.2% | 50,234,687.4% | -99.9% |
| General Industrials | -0.3% | 6,297.2% | -99.9% |
| Media | -0.4% | 551.4% | -99.7% |
| Aerospace and Defense | -0.4% | 11,038,265.5% | -99.9% |
| Automobiles and Parts | -0.6% | 173.3% | -99.4% |
| Industrial Materials | -1% | 3,362,068.6% | -99.4% |
| Industrial Engineering | -1.8% | 9,151,441.3% | -99.6% |
| Technology Hardware and Equipment | -1.9% | 798.6% | -99.2% |
| Industrial Support Services | -2.4% | 325,209,371.8% | -99.9% |
| Leisure Goods | -3.5% | 245,164.7% | -99.7% |
| Industrial Transportation | -4% | 62,389,348.9% | -99.9% |
| Personal Care, Drug and Grocery Stores | -4% | 2,330,275.8% | -99.9% |
| Finance and Credit Services | -4% | 60,564,510.2% | -99.9% |
| Gas, Water and Multi-utilities | -4.1% | 51,915,465.9% | -99.8% |
| Non-life Insurance | -4.1% | 429.2% | -99.1% |
| Industrial Metals and Mining | -4.2% | 9,497,387.4% | -99.8% |
| Personal Goods | -4.5% | 161,824,667.9% | -99.8% |
| Software and Computer Services | -4.5% | 1,914,432.7% | -99.9% |
| Electricity | -4.7% | 2,698.9% | -99.9% |
| Medical Equipment and Services | -5.1% | 80,812.3% | -99.9% |
| Chemicals | -6.5% | 5,869.2% | -99.9% |
| Food Producers | -7.3% | 2,199,582.2% | -99.9% |
| Closed End Investments | -7.7% | 3,714.5% | -99.9% |
| Mortgage Real Estate Investment Trusts | -7.9% | 27,436,490.4% | -99.8% |
| Real Estate Investment Trusts | -9.3% | 265,980.1% | -99.9% |
| Real Estate Investment and Services | -10% | 476,275.9% | -93.3% |
| Health Care Providers | -10.8% | 3,984,082.9% | -99.9% |
| Tobacco | -15% | 1,091,355.7% | -92% |
| Precious Metals and Mining | -24% | 695.7% | -98.3% |
| Telecommunications Service Providers | -26.6% | 69,056,057.6% | -99.8% |
| Banks | -48.6% | 3,497,069.6% | -99.9% |
