Value of Tempe-based Telecommunications company Crexendo Inc. (CXDO:NAQ) rose 108.3% on May 25

Value of Tempe-based Telecommunications company Crexendo Inc. (CXDO:NAQ) rose 108.3% on May 25

Public Policy

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Value in Telecommunications stocks fell 1 percent on May 25 from the previous day.

The strongest performing Telecommunications company in Arizona was Crexendo Inc. (CXDO:NAQ), sitting 108.3 percent higher to sell at $2.81.

Cable One Inc. (CABO:NYQ) experienced the smallest increase in share price among Arizona companies, rising 28.1 percent to sell at $1,248.77.

Among Tempe companies, Crexendo Inc. (CXDO:NAQ) saw the highest rise in value of 108.3 percent on May 25.

The Consumer Discretionary 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.

Rank of stock market sectors on May 25

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Discretionary3.4%4,111.5%-100.0%
Energy2.9%4,306%-100.0%
Technology2.2%368.7%-100.0%
Real Estate1.2%216%-100.0%
Basic Materials1.2%1,190.8%-100.0%
Financials0.6%812,250.6%-100.0%
Industrials0.5%7,200%-100.0%
Health Care0.4%1,244.7%-100.0%
Telecommunications-1.0%4,890.1%-100.0%
Utilities-1.1%2,523.1%-100.0%
Consumer Staples-1.5%22,059.1%-100.0%

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS