The strongest performing Technology company in Arizona was AudioEye Inc. (AEYE:NAQ), dropping 30.3 percent to sell at $4.97.
Alpine 4 Holdings Inc. (ALPP:NAQ) fared the worst among Arizona companies, suffering a 56 percent drop to $0.6435.
Among Tucson companies, AudioEye Inc. (AEYE:NAQ) saw the biggest fall in value of 30.3 percent in the week ending June 11.
The Consumer Staples sector was the week’s best-performing sector on the market. The market is divided into 11 different sectors.
Health Care 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 | 1.3% | 23.5% | -18.7% |
| Energy | -0.3% | 32% | -51.0% |
| Telecommunications | -0.4% | 2.3% | -79.8% |
| Utilities | -2.3% | - | -42.9% |
| Consumer Discretionary | -3.8% | 47.2% | -61.8% |
| Industrials | -4.1% | 46.9% | -81.0% |
| Real Estate | -5.2% | 44.1% | -59.5% |
| Financials | -6.4% | 22,557.6% | -99.3% |
| Technology | -6.6% | 294.2% | -68.8% |
| Basic Materials | -6.8% | 35.7% | -82.3% |
| Health Care | -6.9% | 312.8% | -86.7% |