For the week, the worst sectors according to Portfolio Grader are the Metals and Mining, Computer and Personal Electronics, Energy Services, Oil and Gas, and Technology Equipment sectors.
The Metals and Mining sector is dragging, with 78% of its stocks (72 out of 92) rated a “sell”. Cliffs Natural Resources (NYSE:CLF), Walter Energy Inc. (NYSE:WLT), and Thompson Creek Metals (NYSE:TC) are dragging down the sector overall, each earning a low grade of F. Cliffs Natural Resources is the worst performer in this sector, with a 55.7% decline in the last 12 months. This is worse than the S&P 500, which has seen a 10.8% increase over the same period.
With 62% of its stocks (13 out of 21) rated “sell,” the Computer and Personal Electronics sector is struggling this week. With an overall grade of F, Diebold (NYSE:DBD), QLogic (NASDAQ:QLGC), and Hewlett-Packard (NYSE:HPQ) are weighing down the sector. Over the last 12 months, Hewlett-Packard is the worst performer in this sector, with a 23.6% decline.
The Energy Services sector is trailing behind others this week, with 61% of its stocks (33 out of 54) rated a “sell”. Gulfmark Offshore (NYSE:GLF), Key Energy Services (NYSE:KEG), and Nabors Industries (NYSE:NBR) are all currently earning F’s. The worst performer in this sector is Key Energy Services, which saw its price sink 36.6% in the last 12 months.
The Oil and Gas sector is lagging this week with 61% of its stocks (121 out of 199) rated a “sell”. Among Oil and Gas stocks, Enerplus (NYSE:ERF), Swift Energy (NYSE:SFY), and Newfield Exploration (NYSE:NFX) are lingering near the bottom with grades of F. Swift Energy is the worst performer in this sector, with a 50.4% decline in the last 12 months.
The Technology Equipment sector looks weak, with 57% of its stocks (30 out of 53) rated a “sell”. Out of the Technology Equipment stocks, TTM Technologies (NASDAQ:TTMI), FARO Technologies (NASDAQ:FARO), and ScanSource (NASDAQ:SCSC) are near the bottom with F’s.
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.
