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.
The Metals and Mining sector is lagging this week with 78% of its stocks (73 out of 93) rated a “sell”. Finishing near the bottom this week are Cliffs Natural Resources (NYSE:CLF), Walter Energy Inc. (NYSE:WLT), and Thompson Creek Metals (NYSE:TC) 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. The worst performer in this sector is Walter Energy Inc., which saw its price sink 81% 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”. Dwelling near the bottom this week are Diebold (NYSE:DBD), QLogic (NASDAQ:QLGC), and Hewlett-Packard (NYSE:HPQ) among the Computer and Personal Electronics stocks. Diebold has a score of F while QLogic and Hewlett-Packard rated F and F.
The Energy Services sector looks weak, with 61% of its stocks (34 out of 56) rated a “sell”. Among Energy Services stocks, Gulfmark Offshore (NYSE:GLF), Key Energy Services (NYSE:KEG), and Nabors Industries (NYSE:NBR) finished near the bottom. Gulfmark Offshore is currently rated F. Key Energy Services and Nabors Industries are rated F and F. Overall, Key Energy Services is the poorest performer in this sector. Its share price has dropped 49.2% in the last 12 months.
With 59% of its stocks (122 out of 206) rated “sell,” the Oil and Gas sector is struggling this week. Out of the Oil and Gas stocks, Enerplus (NYSE:ERF), Swift Energy (NYSE:SFY), and Newfield Exploration (NYSE:NFX) finished near the bottom. Enerplus has a score of F while Swift Energy and Newfield Exploration rated F and F. Over the last 12 months, Swift Energy is the worst performer in this sector, with a 53.7% decline.
The Technology Equipment sector is dragging, with 57% of its stocks (31 out of 54) rated a “sell”. Among Technology Equipment stocks, TTM Technologies (NASDAQ:TTMI), FARO Technologies (NASDAQ:FARO), and ScanSource (NASDAQ:SCSC) lingered 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 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.
