The strongest performing Consumer Discretionary company in Arizona was InnSuites Hospitality Trust (IHT:ASQ), sitting 73.7 percent higher to sell at $2.48.
Universal Technical Institute Inc. (UTI:NYQ) fared the worst among Arizona companies, suffering a 67.3 percent drop to $8.11.
Among Scottsdale companies, Taylor Morrison Home Corp. (TMHC:NYQ) saw the highest rise in value of 7.6 percent on May 24.
The Utilities sector was the daily best-performing sector on the market.
Technology 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 |
|---|---|---|---|
| Utilities | 2.5% | 1,669,720.9% | -77.5% |
| Consumer Staples | 2.5% | 4,758,439.6% | -92.9% |
| Basic Materials | 0.6% | 30,678,614.7% | -99.2% |
| Telecommunications | 0.2% | 1,256,614,654.1% | -82.4% |
| Real Estate | 0.1% | 1,876,431.9% | -83.7% |
| Industrials | -0.9% | 109,325,623% | -99.9% |
| Health Care | -1.2% | 8,030,508.9% | -97.2% |
| Consumer Discretionary | -1.7% | 226,039,212% | -99.3% |
| Technology | -3.6% | 430,595% | -86.9% |