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5 Worst Sectors to Avoid This Week

Technology Equipment, Communications Equipment, Marine, Metals and Mining, and Semiconductor have most sells

   

This week, the Semiconductor, Communications Equipment, Metals and Mining, Marine, and Technology Equipment sectors rank lowest on the Portfolio Grader database.

The Semiconductor sector looks weak, with 71% of its stocks (54 out of 76) rated a “sell.” International Rectifier (NYSE:IRF), Intersil (NASDAQ:ISIL), and RF Micro Devices (NASDAQ:RFMD) are all currently earning F’s. International Rectifier is the worst stock in its sector, with the company’s share price falling 31.9% in the last 12 months. This is worse than the S&P 500, which has seen a 14.3% increase over the same period.

The Communications Equipment sector is trailing behind others this week, with 65% of its stocks (22 out of 34) rated a “sell.” With an overall grade of F, Acme Packet (NASDAQ:APKT), Alcatel-Lucent (NYSE:ALU), and Nokia (NYSE:NOK) are weighing down the sector. Nokia is performing worst overall in the sector, with a 60% decline over the last 12 months.

Metals and Mining is lagging this week with 64% of its stocks (57 out of 89) rated a “sell.” Mechel (NYSE:MTL), Walter Energy Inc. (NYSE:WLT), and Molycorp (NYSE:MCP) are dragging down the sector overall, each earning a low grade of F. Over the last 12 months, Molycorp is the worst performer in this sector, with a 72% decline.

The Marine sector is dragging, with 63% of its stocks (5 out of 8) rated a “sell.” Diana Shipping (NYSE:DSX), DryShips (NASDAQ:DRYS), and Matson Inc. (NYSE:MATX) are pushing the sector down with D grades. Overall, Matson Inc. is the poorest performer in this sector. Its share price has dropped 27.7% in the last 12 months.

With 60% of its stocks (28 out of 47) rated “sell,” the Technology Equipment sector is struggling this week. Among Technology Equipment stocks, AVX (NYSE:AVX), Avnet (NYSE:AVT), and TTM Technologies (NASDAQ:TTMI) are lingering near the bottom with grades of F. The worst performer in this sector is AVX, which saw its price sink 27.9% 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/2012/10/5-worst-sectors-to-avoid-this-week-avx-avt-ttmi/.

©2014 InvestorPlace Media, LLC

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