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5 Worst Sectors to Avoid This Week

Service, Communications Equipment, Auto Parts, Metals and Mining, and Wireless Telecom have most sells

   

This week, the Metals and Mining, Auto Parts, Wireless Telecom, Service, and Communications Equipment sectors look weak, according to Portfolio Grader.

The Metals and Mining sector is dragging, with 73% of its stocks (61 out of 84) rated a “sell.” Kinross Gold (NYSE:KGC), ArcelorMittal (NYSE:MT), and Century Aluminum (NASDAQ:CENX) are weighing down the sector overall, each earning a low grade of F. Overall, Century Aluminum is the poorest performer in this sector. Its share price has dropped 58.4% in the last 12 months. This is worse than the Nasdaq, which has seen a 0.7% increase over the same period.

With 61% of its stocks (11 out of 18) rated “sell,” the Auto Parts sector is struggling this week. With a grade of F, Federal-Mogul (NASDAQ:FDML), Visteon (NYSE:VC) are weighing down the sector. Johnson Controls (NYSE:JCI) also has a low D. Visteon is the worst performer in this sector, with a 56.5% decline in the last 12 months.

The Wireless Telecom sector is trailing behind others this week, with 59% of its stocks (13 out of 22) rated a “sell.” With an overall grade of F, NII Holdings (NASDAQ:NIHD), MetroPCS Communications (NYSE:PCS), and Partner Communications (NASDAQ:PTNR) are weighing down the sector. NII Holdings is the worst performer in the sector overall, having declined 81.9% in the last year.

The Service sector is lagging this week with 59% of its stocks (13 out of 22) rated a “sell.” Education Management Corp. (NASDAQ:EDMC) and DeVry (NYSE:DV) are dragging down the sector overall, each earning a low grade of F. Apollo Group (NASDAQ:APOL) currently ranks D.

The Communications Equipment sector rounds out the list, with 59% of its stocks (20 out of 34) rated a “sell.” Out of the Communications Equipment stocks, Nokia (NYSE:NOK), Research In Motion (NASDAQ:RIMM), and Acme Packet (NASDAQ:APKT) are near the bottom with F’s. Acme Packet is performing worst overall in the sector, with a 75.8% decline over the last 12 months.

Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.


Article printed from InvestorPlace Media, http://investorplace.com/2012/07/5-worst-sectors-to-avoid-this-week-edmc-dv-apol/.

©2014 InvestorPlace Media, LLC

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