The strongest performing Consumer Discretionary company in Arizona was InnSuites Hospitality Trust (IHT:ASQ), sitting 85.6 percent higher to sell at $2.97.
Carvana Co. (CVNA:NYQ) fared the worst among Arizona companies, suffering a 25.3 percent drop to $21.4.
Among Phoenix companies, InnSuites Hospitality Trust (IHT:ASQ) saw the highest rise in value of 85.6 percent on June 16.
The Consumer Staples 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 Staples | -1.4% | 171.4% | -100.0% |
| Utilities | -2.1% | 269% | -89.9% |
| Real Estate | -2.1% | 290.6% | -100.0% |
| Health Care | -2.7% | 7,923.4% | -100.0% |
| Basic Materials | -4.2% | 51,554.3% | -99.0% |
| Industrials | -4.2% | 10,972.7% | -100.0% |
| Energy | -4.3% | 712.5% | -100.0% |
| Financials | -4.6% | 148,117.1% | -100.0% |
| Consumer Discretionary | -4.9% | 6,732.5% | -100.0% |
| Technology | -5.1% | 5,503.3% | -100.0% |
| Telecommunications | -5.1% | 196.8% | -82.3% |