The strongest performing Utilities company in Arizona was Global Water Resources Inc. (GWRS:NMQ), sitting 14.2 percent higher to sell at $13.67.
Pinnacle West Capital Corp. (PNW:NYQ) fared the worst among Arizona companies, suffering a 34.9 percent drop to $74.53.
Among Phoenix companies, Global Water Resources Inc. (GWRS:NMQ) saw the highest rise in value of 14.2 percent on May 17.
The Energy sector was the daily best-performing sector on the market.
Consumer Staples 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 |
|---|---|---|---|
| Energy | 4.1% | 693.1% | -93.5% |
| Basic Materials | 2.6% | 9,677.8% | -94.1% |
| Health Care | 2.6% | 3,874.9% | -100.0% |
| Industrials | 1.8% | 6,481.6% | -89.3% |
| Consumer Discretionary | 1.6% | 55,910.3% | -98.9% |
| Telecommunications | 1.3% | 679.4% | -98.7% |
| Technology | 1.2% | 11,114.8% | -98.8% |
| Real Estate | 1% | 957.8% | -88.7% |
| Financials | 0.6% | 1,524,174% | -100.0% |
| Utilities | 0.1% | 26,363.8% | -91.9% |
| Consumer Staples | -0.8% | 1,938.2% | -83.7% |