This week, the Communications Equipment, Metals and Mining, Shipping and Logistics, Marine, and Communications Equipment sectors look weak according to Portfolio Grader.
The Gas Utilities sector is trailing behind others this week, with 75% of its stocks (12 out of 16) rated a “sell”. Out of the Gas Utilities stocks, AGL Resources (NYSE:GAS) andSouth Jersey Industries (NYSE:SJI) are near the bottom of the sector with D’s.New Jersey Resources (NYSE:NJR) also ranks a weak F. South Jersey Industries is performing worst overall in the sector, with a 4.9% decline over the last 12 months.
The Metals and Mining sector is lagging this week with 68% of its stocks (60 out of 88) rated a “sell”. Thompson Creek Metals (NYSE:TC), Walter Energy Inc. (NYSE:WLT), and Cliffs Natural Resources (NYSE:CLF) are all currently earning F’s. The worst performer in this sector is Cliffs Natural Resources, which saw its price sink 37.2% in the last 12 months.
The Shipping and Logistics sector is dragging, with 63% of its stocks (5 out of 8) rated a “sell”. Among Shipping and Logistics stocks, UTi Worldwide (NASDAQ:UTIW), Expeditors International of Washington (NASDAQ:EXPD), and C.H. Robinson Worldwide (NASDAQ:CHRW) are lingering near the bottom with grades of D.
The Marine sector looks weak, with 63% of its stocks (5 out of 8) rated a “sell”. With an overall grade of D, DryShips (NASDAQ:DRYS), Kirby Corp. (NYSE:KEX), and Diana Shipping (NYSE:DSX) are weighing down the sector.
With 62% of its stocks (21 out of 34) rated “sell,” the Communications Equipment sector is struggling this week. Adtran (NASDAQ:ADTN), Polycom Inc. (NASDAQ:PLCM), and Acme Packet (NASDAQ:APKT) are dragging down the sector overall, each earning a low grade of F.
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.