This week, the Energy Services, Energy Services, Communications Equipment, Shipping and Logistics, and Independent Utilities sectors look weak according to Portfolio Grader.
The Metals and Mining sector is lagging this week with 72% of its stocks (63 out of 88) rated a “sell”. With an overall grade of F, Mechel (NYSE:MTL), Thompson Creek Metals (NYSE:TC), and Walter Energy Inc. (NYSE:WLT) are weighing down the sector. The worst performer in this sector is Walter Energy Inc., which saw its price sink 41.6% in the last 12 months.
The Energy Services sector looks weak, with 69% of its stocks (36 out of 52) rated a “sell”. Precision Drilling (NYSE:PDS), Key Energy Services (NYSE:KEG), and Gulfmark Offshore (NYSE:GLF) are pushing the sector down with F grades. Overall, Key Energy Services is the poorest performer in this sector. Its share price has dropped 49.4% in the last 12 months.
The Communications Equipment sector is dragging, with 65% of its stocks (22 out of 34) rated a “sell”. Acme Packet (NASDAQ:APKT), Adtran (NASDAQ:ADTN), and Polycom Inc. (NASDAQ:PLCM) are dragging down the sector overall, each earning a low grade of F.
With 63% of its stocks (5 out of 8) rated “sell,” the Shipping and Logistics sector is struggling this week. Expeditors International of Washington (NASDAQ:EXPD), UTi Worldwide (NASDAQ:UTIW), and C.H. Robinson Worldwide (NASDAQ:CHRW) are all currently earning D’s.
The Independent Utilities sector is trailing behind others this week, with 60% of its stocks (6 out of 10) rated a “sell”. TransAlta (NYSE:TAC) and Dynegy Inc. (NYSE:DYN) are dragging down the sector overall, each earning a low grade of F. AES (NYSE:AES) currently ranks D. TransAlta is performing worst overall in the sector, with a 24.2% decline over 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.