The strongest performing Consumer Discretionary company in Arizona was Mister Car Wash Inc. (MCW:NYQ), sitting 261 percent higher to sell at $12.16.
Ammo Inc. (POWW:NAQ) fared the worst among Arizona companies, suffering an 11.3 percent drop to $3.61.
Among Tempe companies, Carvana Co. (CVNA:NYQ) saw the highest rise in value of 117.6 percent on May 11.
The Basic Materials sector was the daily best-performing sector on the market.
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.
| Sector | % Change | Highest Positive Change | Largest Negative Change |
|---|---|---|---|
| Basic Materials | -0.2% | 13,747.9% | -98.3% |
| Energy | -0.3% | 1,039.2% | -93.2% |
| Real Estate | -0.9% | 1,138.4% | -82.0% |
| Financials | -0.9% | 572,434.2% | -99.7% |
| Consumer Staples | -1.0% | 6,743.4% | -98.0% |
| Industrials | -1.1% | 6,935.1% | -89.9% |
| Consumer Discretionary | -2.4% | 437,400% | -96.7% |
| Health Care | -2.8% | 5,416.5% | -100.0% |
| Technology | -3.6% | 1,084.1% | -99.6% |
| Telecommunications | -6.4% | 973.3% | -99.9% |