by Portfolio Grader | June 11, 2013 10:00 am
This week, the Computer and Personal Electronics, Computer and Personal Electronics, Energy Services, Oil and Gas, and Technology Equipment sectors look weak according to Portfolio Grader.
With 77% of its stocks (72 out of 93) rated “sell,” the Metals and Mining sector is struggling this week. Among Metals and Mining stocks, Cliffs Natural Resources (NYSE:CLF), Walter Energy Inc. (NYSE:WLT), and Thompson Creek Metals (NYSE:TC) are lingering near the bottom with grades of F. Walter Energy Inc. is the worst stock in its sector, with the company’s share price falling 74% in the last 12 months.
The Computer and Personal Electronics sector is trailing behind others this week, with 62% of its stocks (13 out of 21) rated a “sell”. Out of the Computer and Personal Electronics stocks, Diebold (NYSE:DBD), QLogic (NASDAQ:QLGC), and Hewlett-Packard (NYSE:HPQ) are near the bottom with F’s. Hewlett-Packard is performing worst overall in the sector, with a 1.3% decline over the last 12 months.
The Energy Services sector is lagging this week with 61% of its stocks (34 out of 56) rated a “sell”. Gulfmark Offshore (NYSE:GLF), Key Energy Services (NYSE:KEG), and Nabors Industries (NYSE:NBR) are pushing the sector down with F grades. Key Energy Services is the worst performer in this sector, with a 52.5% decline in the last 12 months.
The Oil and Gas sector looks weak, with 60% of its stocks (122 out of 204) rated a “sell”. Enerplus (NYSE:ERF), Swift Energy (NYSE:SFY), and Newfield Exploration (NYSE:NFX) are dragging down the sector overall, each earning a low grade of F. Over the last 12 months, Swift Energy is the worst performer in this sector, with a 47% decline.
The Technology Equipment sector is dragging, with 57% of its stocks (30 out of 53) rated a “sell”. TTM Technologies (NASDAQ:TTMI), FARO Technologies (NASDAQ:FARO), and ScanSource (NASDAQ:SCSC) are all currently earning 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.
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