The strongest performing Financials company in Arizona was Senior Connect Acquisition Corp. I (SNRH:NAQ), sitting 378.4 percent higher to sell at $9.83.
Social Leverage Acquisition Corp. I (SLAC:NYQ) fared the worst among Arizona companies, suffering a 99 percent drop to $9.76.
Among Phoenix companies, Mission Advancement Corp. (MACC:NYQ) saw the biggest fall in value of 97.7 percent on May 19.
The Consumer Staples sector was the daily best-performing sector on the market.
Financials 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 |
|---|---|---|---|
| Consumer Staples | 65% | 8,040,420.9% | -100.0% |
| Energy | 15.7% | 21,625,750.3% | -94.9% |
| Technology | 14.3% | 153,916.7% | -94.5% |
| Health Care | 6.3% | 435,468.9% | -99.9% |
| Utilities | 2.7% | 2,840,967.1% | -86.2% |
| Industrials | 0.2% | 136,411,239.4% | -99.8% |
| Telecommunications | -4.8% | 1,103,887,487.8% | -94.7% |
| Real Estate | -6.3% | 1,282,801.1% | -80.8% |
| Basic Materials | -9.9% | 5,661.6% | -99.4% |
| Consumer Discretionary | -11.8% | 19,729.2% | -99.2% |
| Financials | -12.9% | 38,136,608.9% | -100.0% |