According to the Portfolio Grader database this week, the Auto parts, Metals & Mining, Life Science, Energy Services, and Communications Equipment sectors are at the bottom.
With 72% of its stocks (13 out of 18) rated “sell,” the Auto parts sector is struggling this week. Federal-Mogul (NASDAQ:FDML) and Visteon (NYSE:VC) are dragging down the sector overall, each earning a low grade of F. Gentex (NASDAQ:GNTX) currently ranks D. Visteon is the worst performer in this sector, with a 53.3% decline in the last 12 months. This is worse than the S&P 500, which has seen a 2.8% increase over the same period.
The Metals & Mining sector is trailing behind others this week, with 69% of its stocks (59 out of 85) rated a “sell.” Kinross Gold (NYSE:KGC), Century Aluminum (NASDAQ:CENX), and ArcelorMittal (NYSE:MT) are all currently earning F’s. Overall, Kinross Gold is the poorest performer in this sector. Its share price has dropped 52% in the last 12 months.
The Life Science sector is dragging, with 61% of its stocks (11 out of 18) rated a “sell.” Nordion Inc. (NYSE:NDZ), Bio-Rad Laboratories (NYSE:BIO), and Covance (NYSE:CVD) are dragging down the sector overall, each earning a low grade of D.
The Energy Services sector looks weak, with 61% of its stocks (28 out of 46) rated a “sell.” Out of the Energy Services stocks, Key Energy Services (NYSE:KEG), Baker Hughes (NYSE:BHI), and CARBO Ceramics (NYSE:CRR) are near the bottom with F’s. Key Energy Services is the worst performer in this sector, with a 64.9% decline in the last 12 months.
Communications Equipment is lagging this week with 54% of its stocks (19 out of 35) rated a “sell.” Among Communications Equipment stocks, Nokia (NYSE:NOK), Research In Motion (NASDAQ:RIMM), and Acme Packet (NASDAQ:APKT) are lingering near the bottom with grades of F. Nokia is performing worst overall in the sector, with a 67.5% 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.