For the week, the worst sectors according to Portfolio Grader are the Metals and Mining, Energy Services, Computer and Personal Electronics, Oil and Gas, and Technology Equipment sectors.
With 77% of its stocks (72 out of 94) rated “sell,” the Metals and Mining sector is struggling this week. Cliffs Natural Resources (NYSE:CLF), Walter Energy (NYSE:WLT), and Thompson Creek Metals Company Inc. (NYSE:TC) are pushing the sector down with F grades. Walter Energy is the worst performer in this sector, with a 78% decline in the last 12 months.
The Energy Services sector looks weak, with 63% of its stocks (35 out of 56) rated a “sell”. GulfMark Offshore, Inc. Class A (NYSE:GLF), Key Energy Services, Inc. (NYSE:KEG), and Nabors Industries (NYSE:NBR) are all currently earning F’s. Over the last 12 months, Key Energy Services, Inc. is the worst performer in this sector, with a 48.8% decline.
The Computer and Personal Electronics sector is trailing behind others this week, with 62% of its stocks (13 out of 21) rated a “sell”. Diebold, Incorporated (NYSE:DBD), QLogic Corporation (NASDAQ:QLGC), and Hewlett-Packard Company (NYSE:HPQ) are dragging down the sector overall, each earning a low grade of F. Overall, Hewlett-Packard Company is the poorest performer in this sector. Its share price has dropped 10.9% in the last 12 months.
The Oil and Gas sector is lagging this week with 59% of its stocks (122 out of 206) rated a “sell”. Out of the Oil and Gas stocks, Enerplus Corporation (NYSE:ERF), Swift Energy Company (NYSE:SFY), and Newfield Exploration Company (NYSE:NFX) are near the bottom with F’s. The worst performer in this sector is Swift Energy Company, which saw its price sink 59.5% in the last 12 months.
The Technology Equipment sector is dragging, with 56% of its stocks (31 out of 55) rated a “sell”. Among Technology Equipment stocks, TTM Technologies, Inc. (NASDAQ:TTMI), FARO Technologies, Inc. (NASDAQ:FARO), and ScanSource, Inc. (NASDAQ:SCSC) are lingering near the bottom with grades 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.