5 Worst Sectors to Avoid This Week

Energy Services, Financial Services, Independent Utilities, Metals and Mining, and Service have most sells

   
5 Worst Sectors to Avoid This Week

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.


Article printed from InvestorPlace Media, http://investorplace.com/2012/08/5-worst-sectors-to-avoid-this-week-tti-keg-pds/.

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