Fishers-based Energy company American Resources Corp. (AREC:NAQ) sees value fall 51.5% on July 8

Fishers-based Energy company American Resources Corp. (AREC:NAQ) sees value fall 51.5% on July 8

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Value in Energy stocks rose 1.7 percent on July 8 from the previous day.

The strongest performing Energy company in Indiana was Hallador Energy Co. (HNRG:NAQ), dropping 6.9 percent to sell at $5.98.

American Resources Corp. (AREC:NAQ) fared the worst among Indiana companies, suffering a 51.5 percent drop to $1.59.

Among Fishers companies, American Resources Corp. (AREC:NAQ) saw the biggest fall in value of 51.5 percent on July 8.

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 July 8

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Discretionary2.7%327,643,253.1%-97.1%
Energy1.7%566,532,292.6%-96.7%
Financials1.5%587,010,810.5%-99.9%
Health Care1.1%600,924,195.8%-95.9%
Telecommunications0.7%6,846,912.8%-93.6%
Real Estate0.3%92,994,488.4%-99.2%
Industrials0.3%528,382,402.5%-97.9%
Utilities-0.3%142,519,027.9%-74.3%
Consumer Staples-5.8%76,465,817.2%-99.2%

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