5 Worst Sectors to Avoid This Week

by Portfolio Grader | November 5, 2013 10:30 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 is dragging, with 78% of its stocks (74 out of 95) rated a “sell”. Cliffs Natural Resources (NYSE:CLF[2]), Walter Energy (NYSE:WLT[3]), and Thompson Creek Metals Company Inc. (NYSE:TC[4]) are dragging down the sector overall, each earning a low grade of F. Walter Energy is performing worst overall in the sector, with a 70.6% decline over the last 12 months.

The Computer and Personal Electronics sector looks weak, with 60% of its stocks (12 out of 20) rated a “sell”. With an overall grade of F, Diebold, Incorporated (NYSE:DBD[5]), QLogic Corporation (NASDAQ:QLGC[6]), and Hewlett-Packard Company (NYSE:HPQ[7]) are weighing down the sector.

The Energy Services sector is lagging this week with 60% of its stocks (34 out of 57) rated a “sell”. Out of the Energy Services stocks, Nuverra Environmental Solutions, Inc. (NYSE:NES[8]), GulfMark Offshore, Inc. Class A (NYSE:GLF[9]), and Key Energy Services, Inc. (NYSE:KEG[10]) are near the bottom with F’s. Key Energy Services, Inc. is the worst performer in this sector, with a 40.6% decline in the last 12 months.

The Oil and Gas sector is trailing behind others this week, with 58% of its stocks (123 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 54.1% in the last 12 months.

With 56% of its stocks (31 out of 55) rated “sell,” the Technology Equipment sector is struggling this week. 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].

Endnotes:
  1. Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/
  2. CLF: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=CLF
  3. WLT: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=WLT
  4. TC: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=TC
  5. DBD: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=DBD
  6. QLGC: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=QLGC
  7. HPQ: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=HPQ
  8. NES: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=NES
  9. GLF: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=GLF
  10. KEG: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=KEG
  11. ERF: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=ERF
  12. SFY: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=SFY
  13. NFX: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=NFX
  14. TTMI: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=TTMI
  15. FARO: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=FARO
  16. SCSC: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=SCSC
  17. here: http://navelliergrowth.investorplace.com/portfolio-grader/

Source URL: http://investorplace.com/2013/11/5-worst-sectors-to-avoid-this-week-dbd-qlgc-hpq-nes-glf-keg-erf-sfy-nfx-clf-wlt-tc-ttmi-faro-scsc-4/
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