Value in Energy stocks fell 20.6 percent on Aug. 23 from the previous day.
The strongest performing Energy company in Oklahoma was Devon Energy Corp. (DVN:NYQ), sitting 93.6 percent higher to sell at $70.88.
Magellan Midstream Partners LP (MMP:NYQ) fared the worst among Oklahoma companies, suffering a 100 percent drop to $52.2.
Among Oklahoma City companies, Devon Energy Corp. (DVN:NYQ) saw the highest rise in value of 93.6 percent on Aug. 23.
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.
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.
| Sector | % Change | Highest Positive Change | Largest Negative Change |
|---|---|---|---|
| Consumer Discretionary | 10.7% | 113,353,652.9% | -100% |
| Basic Materials | 5.1% | 12,565,859.3% | -100% |
| Financials | 5.1% | 43,275,060.5% | -100% |
| Real Estate | 2.6% | 87,538,013.5% | -100% |
| Industrials | 2% | 80,795,917.7% | -100% |
| Telecommunications | 0.8% | 54,104.1% | -100% |
| Technology | -1.1% | 274,584,870.1% | -100% |
| Health Care | -4.6% | 100,122,422.5% | -100% |
| Utilities | -6.6% | 147,643,541.2% | -100% |
| Energy | -20.6% | 463,471,237.6% | -100% |
| Consumer Staples | -36.9% | 35,944,826.2% | -100% |
