Phoenix company Freeport-McMoRan Inc. (FCX:NYQ) working in Basic Materials sees value rise 275,624% on Aug. 19

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Value in Basic Materials stocks fell four percent on Aug. 19 from the previous day.

The strongest performing Basic Materials company in Arizona was Freeport-McMoRan Inc. (FCX:NYQ), sitting 275,624 percent higher to sell at $30.45.

4Front Ventures Corp. (FFNTF:QXE) experienced the smallest increase in share price among Arizona companies, rising 95.7 percent to sell at $0.57.

Among Phoenix companies, Freeport-McMoRan Inc. (FCX:NYQ) saw the highest rise in value of 275,624 percent on Aug. 19.

The Consumer Staples sector was the daily best-performing sector on the market.

Financials 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 on Aug. 19

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Staples61.7%19,934,586%-60.5%
Energy11.6%398,130,255.2%-87.8%
Industrials4.5%121,770,795.2%-90%
Health Care2.6%26,022,381.8%-97%
Technology1%29,437,068.5%-86.7%
Utilities-2.8%122,571,567.4%-93.3%
Basic Materials-4%36,746,805.1%-66.7%
Consumer Discretionary-7.8%294,876,901.2%-90.4%
Real Estate-8.9%85,967,130.9%-90.6%
Telecommunications-34.2%68,474,037.9%-41.1%
Financials-42.4%180,301,487.3%-100%

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