The strongest performing Telecommunications company in Arizona was Cable One Inc. (CABO:NYQ), sitting 30.3 percent higher to sell at $1,288.35.
Crexendo Inc. (CXDO:NAQ) fared the worst among Arizona companies, suffering a 17.6 percent drop to $2.89.
Among Tempe companies, Crexendo Inc. (CXDO:NAQ) saw the biggest fall in value of 17.6 percent on June 2.
The Health Care sector was the daily best-performing sector on the market.
Basic Materials 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 |
|---|---|---|---|
| Health Care | 6.4% | 2,119.7% | -100.0% |
| Telecommunications | 6.2% | 7,402.9% | -100.0% |
| Financials | 5% | 390,304.8% | -100.0% |
| Technology | 4% | 30,801.6% | -100.0% |
| Industrials | 2.6% | 3,625.5% | -100.0% |
| Consumer Discretionary | 1.3% | 1,490% | -100.0% |
| Utilities | 0.8% | 257.4% | -100.0% |
| Real Estate | 0.7% | 3,217.8% | -100.0% |
| Energy | 0.6% | 1,196.2% | -100.0% |
| Consumer Staples | -1.0% | 2,975% | -100.0% |
| Basic Materials | -2.0% | 1,646.1% | -100.0% |