The strongest performing Telecommunications company in Arizona was Cable One Inc. (CABO:NYQ), dropping 18.3 percent to sell at $1,241.
Crexendo Inc. (CXDO:NAQ) fared the worst among Arizona companies, suffering a 68.4 percent drop to $2.72.
Among Phoenix companies, Cable One Inc. (CABO:NYQ) saw the biggest fall in value of 18.3 percent on June 15.
The Consumer Discretionary 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 |
|---|---|---|---|
| Consumer Discretionary | 4.5% | 155,057,291.6% | -100.0% |
| Financials | 3.7% | 31,592,701.5% | -100.0% |
| Technology | 1.8% | 171,714,185.7% | -100.0% |
| Health Care | 1.7% | 164,944,639.4% | -100.0% |
| Real Estate | 1.7% | 84,416,624% | -100.0% |
| Consumer Staples | 1% | 61,489,041.7% | -100.0% |
| Utilities | 0.6% | 43,634,859% | -100.0% |
| Energy | 0.2% | 333,178,726.9% | -100.0% |
| Telecommunications | -0.5% | 1,022.7% | -100.0% |