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Santa Cruz Standard

Tuesday, December 3, 2024

Value of Watsonville-based Construction and Materials company Granite Construction Inc. (GVA:NYQ) fell 31.6% in week ending Oct. 22

Stock market 16 edited

Value in Construction and Materials stocks rose 8.6 percent in the week ending Oct. 22 from the previous week.

The strongest performing Construction and Materials company in California was Simpson Manufacturing Co. Inc. (SSD:NYQ), sitting 44.5 percent higher to sell at $78.15.

Willdan Group Inc. (WLDN:NMQ) fared the worst among California companies, suffering a 55.6 percent drop to $13.11.

Among Watsonville companies, Granite Construction Inc. (GVA:NYQ) saw the biggest fall in value of 31.6 percent in the week ending Oct. 22.

The Travel and Leisure industry was the week’s best-performing industry on the market. The market is divided into 43 different industries.

Finance and Credit Services 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.

Rank of stock market industries in week ending Oct. 22

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Travel and Leisure14.3%4,762.3%-97.3%
Precious Metals and Mining13.6%129.8%-26.2%
Aerospace and Defense10.6%376.8%-92.3%
Industrial Metals and Mining8.8%243,308.9%-88.1%
Telecommunications Equipment8.6%992.3%-95.9%
Construction and Materials8.6%275.5%-94.7%
Alternative Energy7.8%623.3%-54.4%
Automobiles and Parts7.4%354.4%-66.9%
Oil, Gas and Coal7.2%6,667.9%-70.9%
Electronic and Electrical Equipment6.7%48,926.6%-95.8%
Chemicals5.8%4,649.9%-91.3%
Technology Hardware and Equipment5.3%764.2%-82.8%
Software and Computer Services5.2%3,903.1%-95.8%
Media4.7%96,970.4%-89%
Investment Banking and Brokerage Services4.6%500.4%-95.5%
Industrial Materials4.6%591.6%-49.8%
Personal Goods4.5%175.4%-99.6%
Beverages4.1%633.9%-79.9%
General Industrials4%599.3%-43.3%
Industrial Engineering3.9%496.7%-91.6%
Consumer Services3.9%1,501.7%-97.4%
Waste and Disposal Services3.9%56,969.1%-74%
Telecommunications Service Providers3.3%1,029.5%-73.3%
Industrial Support Services3.3%25,926.9%-98.5%
Life Insurance3%133.4%-77%
Real Estate Investment Trusts2.9%756.8%-81.3%
Gas, Water and Multi-utilities2.9%785.5%-65.6%
Mortgage Real Estate Investment Trusts2.2%247.3%-66.7%
Household Goods and Home Construction2.1%9,397.2%-56.9%
Electricity2.1%241.1%-50.4%
Health Care Providers1.4%1,081.1%-91.4%
Leisure Goods1.3%347.4%-82.7%
Pharmaceuticals and Biotechnology1.2%31,719.4%-98.1%
Retailers1.2%869.2%-97.7%
Medical Equipment and Services1.2%1,273.9%-98.8%
Closed End Investments0.9%51,875%-95.7%
Non-life Insurance0.5%250,265%-73.9%
Personal Care, Drug and Grocery Stores0.4%781.3%-84.2%
Real Estate Investment and Services0.3%17,056.5%-96.9%
Tobacco0.2%94.3%-73.8%
Banks-0.5%251,261.7%-99.5%
Industrial Transportation-0.9%3,721.5%-55.2%
Finance and Credit Services-1%135.3%-96.4%

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