This week, the Energy Services, Energy Services, Service, Financial Services, and Independent Utilities sectors look weak according to Portfolio Grader.
Metals and Mining is lagging this week with 84% of its stocks (73 out of 87) rated a “sell.” Out of the Metals and Mining stocks, HudBay Minerals (NYSE:HBM), Century Aluminum (NASDAQ:CENX), and Molycorp (NYSE:MCP) are near the bottom with F’s. Molycorp is performing worst overall in the sector, with an 82.0% decline over the last 12 months.
The Energy Services sector is trailing behind others this week, with 60% of its stocks (28 out of 47) rated a “sell.” With an overall grade of F, Tetra Technologies (NYSE:TTI), Key Energy Services (NYSE:KEG), and Precision Drilling (NYSE:PDS) are weighing down the sector. Key Energy Services is the worst performer in this sector, with a 36.3% decline in the last 12 months.
The Service sector is dragging, with 57% of its stocks (12 out of 21) rated a “sell.” DeVry (NYSE:DV), ITT Educational Services (NYSE:ESI), and Sotheby’s (NYSE:BID) are pushing the sector down with F grades. Over the last 12 months, DeVry is the worst performer in this sector, with a 55.3% decline.
With 57% of its stocks (12 out of 21) rated “sell,” the Financial Services sector is struggling this week. With a grade of D, ING Groep (NYSE:ING) and NYSE Euronext (NYSE:NYX) are weighing down the sector. Leucadia (NYSE:LUK) also ranks a low F.
The Independent Utilities sector looks weak, with 56% of its stocks (5 out of 9) rated a “sell.” Out of the Independent Utilities stocks, NRG Energy (NYSE:NRG) andAtlantic Power (NYSE:AT) are near the bottom of the sector with D’s.TransAlta (NYSE:TAC) also ranks a weak F. TransAlta is the worst stock in its sector, with the company’s share price falling 27.6% in 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.