The strongest performing Consumer Discretionary company in Arizona was Mister Car Wash Inc. (MCW:NYQ), sitting 468.7 percent higher to sell at $11.33.
Engage Mobility Inc. (ENGA:PKC) fared the worst among Arizona companies, suffering a 67 percent drop to $0.76.
Among Tempe companies, Carvana Co. (CVNA:NYQ) saw the highest rise in value of 209.7 percent on May 13.
The Technology sector was the daily best-performing sector on the market.
Industrials 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 |
|---|---|---|---|
| Technology | 6.8% | 4,109.1% | -98.7% |
| Energy | 5.4% | 896.7% | -92.7% |
| Financials | 3.9% | 181,194.4% | -99.9% |
| Health Care | 3.4% | 45,584.4% | -100.0% |
| Consumer Discretionary | 3% | 15,519% | -90.8% |
| Telecommunications | 2.6% | 515.2% | -83.0% |
| Basic Materials | 2.3% | 21,875% | -89.6% |
| Real Estate | 2.1% | 6,772.3% | -88.6% |
| Utilities | 2.1% | 964.7% | -92.6% |
| Consumer Staples | 1.5% | 2,593% | -86.4% |
| Industrials | 1.5% | 15,104.2% | -99.3% |