For the week, the worst sectors according to Portfolio Grader are the Metals and Mining, Auto Parts, Wireless Telecom, Service, and Communications Equipment sectors.
The Metals and Mining sector is trailing behind others this week, with 73% of its stocks (61 out of 84) rated a “sell.” Kinross Gold (NYSE:KGC), ArcelorMittal SA (NY Reg Sh) (NYSE:MT), and Silver Standard Resources (NASDAQ:SSRI) are all currently earning F’s. Kinross Gold is performing worst overall in the sector, with a 50.5% decline over the last 12 months. This is worse than the S&P 500, which has seen a 16.3% increase over the same period.
Auto Parts is lagging this week with 61% of its stocks (11 out of 18) rated a “sell.” Out of the Auto Parts stocks, Federal-Mogul (NASDAQ:FDML) and Visteon (NYSE:VC) are at the bottom with F’s. Johnson Controls (NYSE:JCI) also has a weak D. Visteon is the worst performer in this sector, with a 43.9% decline in the last 12 months.
The Wireless Telecom sector is dragging, with 59% of its stocks (13 out of 22) rated a “sell.” NII Holdings (NASDAQ:NIHD), Partner Communications (NASDAQ:PTNR), and MetroPCS Communications (NYSE:PCS) are pushing the sector down with F grades. NII Holdings is performing worst overall in the sector with a 79.8% decline for the past year.
With 59% of its stocks (13 out of 22) rated “sell,” the Service sector is struggling this week. With a score of F, Education Management Corp. (NASDAQ:EDMC), DeVry (NYSE:DV) are weighing down the sector. Apollo Group (NASDAQ:APOL) also has a low D. Education Management Corp. is performing worst overall in the sector, with a 83.4% decline over the last 12 months.
The Communications Equipment sector looks weak, with 59% of its stocks (20 out of 34) rated a “sell.” Nokia (NYSE:NOK), Research In Motion (NASDAQ:RIMM), and Acme Packet (NASDAQ:APKT) are dragging down the sector overall, each earning a low grade of F. Over the last 12 months, Research In Motion is the worst performer in this sector, with a 69% decline.
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.
