by Portfolio Grader | September 4, 2012 5:45 pm
This week, the Service, Marine, Communications Equipment, Service, and Energy Services sectors look weak according to Portfolio Grader.
Metals and Mining is lagging this week with 85% of its stocks (74 out of 87) rated a “sell.” Among Metals and Mining stocks, HudBay Minerals (NYSE:HBM), Century Aluminum (NASDAQ:CENX), and Molycorp (NYSE:MCP) are lingering near the bottom with grades of F. Overall, Molycorp is the poorest performer in this sector. Its share price has dropped 78.3% in the last 12 months. This is worse than the S$P 500’s 19.5% increase during the same period.
The Marine sector is trailing behind others this week, with 63% of its stocks (5 out of 8) rated a “sell.” Out of the Marine stocks, DryShips (NASDAQ:DRYS) and Kirby Corp. (NYSE:KEX) are near the bottom of the sector with D’s. Diana Shipping (NYSE:DSX) also ranks a weak F. DryShips is the worst stock in its sector, with the company’s share price falling 25.8% in the last 12 months.
The Communications Equipment sector looks weak, with 60% of its stocks (21 out of 35) rated a “sell.” Nokia (NYSE:NOK), Acme Packet (NASDAQ:APKT), and Alcatel-Lucent (NYSE:ALU) are pushing the sector down with F grades. Alcatel Lucent is the worst performer in this sector, with a 67.3% decline in the last 12 months.
With 57% of its stocks (12 out of 21) rated “sell,” the Service sector is struggling this week. DeVry (NYSE:DV), ITT Educational Services (NYSE:ESI), and Sotheby’s (NYSE:BID) are dragging down the sector overall, each earning a low grade of F. Over the last 12 months, DeVry is the worst performer in this sector, with a 52.6% decline.
The Energy Services sector is dragging, with 57% of its stocks (26 out of 46) rated a “sell.” Out of the Energy Services stocks, Tetra Technologies (NYSE:TTI), Key Energy Services (NYSE:KEG), and Weatherford International (NYSE:WFT) are near the bottom with F’s. The worst performer in this sector is Key Energy Services, which saw its price sink 41.8% 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.
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