The strongest performing Telecommunications company in Arizona was Cable One Inc. (CABO:NYQ), dropping 17.5 percent to sell at $1,192.
Crexendo Inc. (CXDO:NAQ) fared the worst among Arizona companies, suffering a 40.3 percent drop to $3.
Among Tempe companies, Crexendo Inc. (CXDO:NAQ) saw the biggest fall in value of 40.3 percent on May 20.
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 | 2.4% | 39,691,456% | -83.1% |
| Health Care | 1% | 76,665,852% | -99.9% |
| Real Estate | 0.5% | 731,797.4% | -89.0% |
| Utilities | 0.1% | 1,845,438.5% | -94.4% |
| Energy | -0.1% | 17,587,655.1% | -98.7% |
| Consumer Discretionary | -0.6% | 383,545,354.5% | -100.0% |
| Consumer Staples | -0.6% | 6,220,728% | -85.6% |
| Technology | -1.0% | 201,153.6% | -97.4% |
| Financials | -1.1% | 33,443,569.5% | -99.9% |
| Telecommunications | -5.0% | 1,168,652,710.3% | -96.7% |