The strongest performing Technology company in Arizona was AudioEye Inc. (AEYE:NAQ), sitting 169.8 percent higher to sell at $5.
GoDaddy Inc. (GDDY:NYQ) fared the worst among Arizona companies, suffering a 55.2 percent drop to $83.67.
Among Phoenix companies, Alpine 4 Holdings Inc. (ALPP:NAQ) saw the biggest fall in value of 30.7 percent in the week ending April 23.
The Real Estate sector was the week’s best performing sector on the market. The market is divided into 11 different sectors.
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 |
|---|---|---|---|
| Real Estate | 0.4% | 1,079.7% | -88.1% |
| Utilities | -1.3% | 470.8% | -90.2% |
| Consumer Staples | -2.3% | 489,733.4% | -97.5% |
| Industrials | -2.7% | 1,905.8% | -99.5% |
| Basic Materials | -3.2% | 1,180% | -92.3% |
| Financials | -3.2% | 25,442,387.1% | -99.9% |
| Consumer Discretionary | -3.2% | 36,771.5% | -99.4% |
| Energy | -6.1% | 919.7% | -97.6% |
| Health Care | -6.6% | 37,541% | -100.0% |
| Technology | -7.1% | 2,935.5% | -99.5% |
| Telecommunications | -7.7% | 2,788.9% | -81.5% |