Value of Flagstaff-based Basic Materials company Senestech Inc. (SNES:NAQ) rose 333.1% in week ending July 23

Value of Flagstaff-based Basic Materials company Senestech Inc. (SNES:NAQ) rose 333.1% in week ending July 23

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Value in Basic Materials stocks rose 6.4 percent in the week ending July 23 from the previous week.

The strongest performing Basic Materials company in Arizona was Southern Copper Corp. (SCCO:NYQ), sitting 3,846,183.8 percent higher to sell at $48.

Tombstone Exploration Corp. (TMBXF:QBB) fared the worst among Arizona companies, suffering a 98.8 percent drop to $0.65.

Among Flagstaff companies, Senestech Inc. (SNES:NAQ) saw the highest rise in value of 333.1 percent in the week ending July 23.

The Basic Materials sector was the week’s best-performing sector on the market. The market is divided into 10 different sectors.

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.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Rank of stock market sectors in week ending July 23

Sector% ChangeHighest Positive ChangeLargest Negative Change
Basic Materials6.4%6,724,942.2%-98.8%
Health Care5%178,132,995.1%-99.8%
Energy4.5%262,581,628.6%-89.8%
Industrials4.5%174,790,944.8%-99.0%
Technology4.2%166,588,866.1%-90.8%
Real Estate3.6%535,463,721.9%-87.8%
Telecommunications3.4%125,781,233.3%-95.0%
Consumer Discretionary2.8%76,177,910.5%-97.5%
Financials2.7%143,393,706.9%-100.0%
Consumer Staples2.1%531,498,543.6%-72.9%

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