5 Worst Sectors to Avoid This Week

by Portfolio Grader | October 15, 2013 10:15 am

This week, the Computer and Personal Electronics, Energy Services, Computer and Personal Electronics, Oil and Gas, and Technology Equipment sectors look weak according to Portfolio Grader[1].

With 78% of its stocks (74 out of 95) rated “sell,” the Metals and Mining sector is struggling this week. 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 75.5% 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”. Out of the Energy Services stocks, Nuverra Environmental Solutions, Inc. (NYSE:NES[5]), GulfMark Offshore, Inc. Class A (NYSE:GLF[6]), and Key Energy Services, Inc. (NYSE:KEG[7]) are near the bottom with F’s. The worst performer in this sector is Key Energy Services, Inc., which saw its price sink 46.2% in the last 12 months.

The Computer and Personal Electronics sector looks weak, with 60% of its stocks (12 out of 20) rated a “sell”. Diebold, Incorporated (NYSE:DBD[8]), QLogic Corporation (NASDAQ:QLGC[9]), and Hewlett-Packard Company (NYSE:HPQ[10]) are pushing the sector down with F grades. Hewlett-Packard Company is the worst performer in this sector, with a 11.2% decline in the last 12 months.

The Oil and Gas sector is trailing behind others this week, with 59% of its stocks (124 out of 211) rated a “sell”. Among Oil and Gas stocks, Enerplus Corporation (NYSE:ERF[11]), Swift Energy Company (NYSE:SFY[12]), and Newfield Exploration Company (NYSE:NFX[13]) are lingering near the bottom with grades of F. Swift Energy Company is the worst stock in its sector, with the company’s share price falling 57.4% in the last 12 months.

The Technology Equipment sector is dragging, with 56% of its stocks (31 out of 55) rated a “sell”. TTM Technologies, Inc. (NASDAQ:TTMI[14]), FARO Technologies, Inc. (NASDAQ:FARO[15]), and ScanSource, Inc. (NASDAQ:SCSC[16]) are all currently earning 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/

---