This week, the Energy Services, Energy Services, Semiconductor, Communications Equipment, and Technology Equipment sectors look weak according to Portfolio Grader.
The Metals and Mining sector is dragging, with 70% of its stocks (62 out of 88) rated a “sell.” Mechel (NYSE:MTL), Cliffs Natural Resources (NYSE:CLF), and Walter Energy Inc. (NYSE:WLT) are all currently earning F’s. The worst performer in this sector is Cliffs Natural Resources, which saw its price sink 48% in the last 12 months.
With 66% of its stocks (33 out of 50) rated “sell,” the Energy Services sector is struggling this week. Among Energy Services stocks, Baker Hughes (NYSE:BHI), Nabors Industries (NYSE:NBR), and Precision Drilling (NYSE:PDS) are lingering near the bottom with grades of F. Over the last 12 months, Precision Drilling is the worst performer in this sector, with a 33.5% decline.
Semiconductor is lagging this week with 65% of its stocks (49 out of 75) rated a “sell.” Out of the Semiconductor stocks, International Rectifier (NYSE:IRF), Rambus Inc. (NASDAQ:RMBS), and Intersil (NASDAQ:ISIL) are near the bottom with F’s. Overall, International Rectifier is the poorest performer in this sector. Its share price has dropped 35.5% in the last 12 months.
The Communications Equipment sector looks weak, with 65% of its stocks (22 out of 34) rated a “sell.” With an overall grade of F, Acme Packet (NASDAQ:APKT), Finisar (NASDAQ:FNSR), and Alcatel-Lucent (NYSE:ALU) are weighing down the sector. Alcatel-Lucent is performing worst overall in the sector, with a 55.6% decline over the last 12 months.
The Technology Equipment sector is trailing behind others this week, with 64% of its stocks (29 out of 45) rated a “sell.” AVX (NYSE:AVX), Aeroflex (NYSE:ARX), and Coherent Inc. (NASDAQ:COHR) are dragging down the sector overall, each earning a low grade of F. Aeroflex is the worst stock in its sector, with the company’s share price falling 41.2% 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.