by Portfolio Grader | July 9, 2013 2:00 pm
This week, the Metals and Mining, Computer and Personal Electronics, Energy Services, Oil and Gas, and Technology Equipment sectors rank lowest on the Portfolio Grader[1] database.
The Metals and Mining sector is trailing behind others this week, with 77% of its stocks (72 out of 93) rated a “sell”. Finishing near the bottom this week are Cliffs Natural Resources (NYSE:CLF[2]), Walter Energy Inc. (NYSE:WLT[3]), and Thompson Creek Metals (NYSE:TC[4]) among the Metals and Mining stocks. Cliffs Natural Resources has a score of F while Walter Energy Inc. and Thompson Creek Metals rated F and F. Overall, Walter Energy Inc. is the poorest performer in this sector. Its share price has dropped 82.4% in the last 12 months.
The Computer and Personal Electronics sector is dragging, with 62% of its stocks (13 out of 21) rated a “sell”. Among Computer and Personal Electronics stocks, Diebold (NYSE:DBD[5]), QLogic (NASDAQ:QLGC[6]), and Hewlett-Packard (NYSE:HPQ[7]) finished near the bottom. Diebold is currently rated F. QLogic and Hewlett-Packard are rated F and F.
With 61% of its stocks (34 out of 56) rated “sell,” the Energy Services sector is struggling this week. Dwelling near the bottom this week are Gulfmark Offshore (NYSE:GLF[8]), Key Energy Services (NYSE:KEG[9]), and Nabors Industries (NYSE:NBR[10]) among the Energy Services stocks. Gulfmark Offshore has a score of F while Key Energy Services and Nabors Industries rated F and F. Key Energy Services is the worst performer in this sector, with a 51.9% decline in the last 12 months.
The Oil and Gas sector looks weak, with 60% of its stocks (122 out of 205) rated a “sell”. Among Oil and Gas stocks, Enerplus (NYSE:ERF[11]), Swift Energy (NYSE:SFY[12]), and Newfield Exploration (NYSE:NFX[13]) lingered near the bottom. Enerplus has a score of F while Swift Energy and Newfield Exploration rated F and F. The worst performer in this sector is Swift Energy, which saw its price sink 55.5% in the last 12 months.
The Technology Equipment sector is lagging this week with 57% of its stocks (31 out of 54) rated a “sell”. Out of the Technology Equipment stocks, TTM Technologies (NASDAQ:TTMI[14]), FARO Technologies (NASDAQ:FARO[15]), and ScanSource (NASDAQ:SCSC[16]) finished near the bottom. TTM Technologies has a score of F while FARO Technologies and ScanSource rated F and F.
Louis Navellier’s proprietary Portfolio Grader[1] 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[17].
Source URL: https://investorplace.com/2013/07/5-worst-sectors-to-avoid-this-week-dbd-qlgc-hpq-glf-keg-nbr-erf-sfy-nfx-clf-wlt-tc-ttmi-faro-scsc-6/
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