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.