5 Worst Sectors to Avoid This Week

by Portfolio Grader | October 29, 2013 11:00 am

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 looks weak, with 78% of its stocks (74 out of 95) rated a “sell”. With an overall grade of F, Cliffs Natural Resources (NYSE:CLF[2]), Walter Energy (NYSE:WLT[3]), and Thompson Creek Metals Company Inc. (NYSE:TC[4]) are weighing down the sector. Walter Energy is performing worst overall in the sector, with a 73.3% decline over the last 12 months.

The Computer and Personal Electronics sector is lagging this week with 60% of its stocks (12 out of 20) rated a “sell”. Among Computer and Personal Electronics stocks, Diebold, Incorporated (NYSE:DBD[5]), QLogic Corporation (NASDAQ:QLGC[6]), and Hewlett-Packard Company (NYSE:HPQ[7]) are lingering near the bottom with grades of F. Hewlett-Packard Company is the worst stock in its sector, with the company’s share price falling 5% in the last 12 months.

The Energy Services sector is dragging, with 60% of its stocks (34 out of 57) rated a “sell”. Nuverra Environmental Solutions, Inc. (NYSE:NES[8]), GulfMark Offshore, Inc. Class A (NYSE:GLF[9]), and Key Energy Services, Inc. (NYSE:KEG[10]) are all currently earning F’s. Key Energy Services, Inc. is the worst performer in this sector, with a 44.8% decline in the last 12 months.

The Oil and Gas sector is trailing behind others this week, with 58% of its stocks (124 out of 212) rated a “sell”. Enerplus Corporation (NYSE:ERF[11]), Swift Energy Company (NYSE:SFY[12]), and Newfield Exploration Company (NYSE:NFX[13]) are pushing the sector down with F grades. Swift Energy Company is the worst stock in its sector, with the company’s share price falling 52.4% in the last 12 months.

With 56% of its stocks (31 out of 55) rated “sell,” the Technology Equipment sector is struggling this week. Out of the Technology Equipment stocks, TTM Technologies, Inc. (NASDAQ:TTMI[14]), FARO Technologies, Inc. (NASDAQ:FARO[15]), and ScanSource, Inc. (NASDAQ:SCSC[16]) are near the bottom with F’s.

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/2013/10/5-worst-sectors-to-avoid-this-week-dbd-qlgc-hpq-nes-glf-keg-erf-sfy-nfx-clf-wlt-tc-ttmi-faro-scsc-3/

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