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5 Worst Sectors to Avoid This Week

computer and personal electronics, energy services, oil and gas, marine and metals and mining have most sells

   

This week, the metals and mining, energy services, computer and personal electronics, oil and gas and marine sectors rank lowest on the Portfolio Grader database.

The metals and mining sector is dragging, with 78% of its stocks (74 out of 95) rated a “sell”. Dwelling near the bottom this week are Cliffs Natural Resources (CLF), Walter Energy (WLT) and Thompson Creek Metals Company Inc. (TC) among the metals and mining stocks. Cliffs Natural Resources has a score of F while Walter Energy and Thompson Creek Metals Company Inc. rated F and F.

With 61% of its stocks (34 out of 56) rated “sell,” the energy services sector is struggling this week. Among energy services stocks, GulfMark Offshore, Inc. Class A (GLF), Key Energy Services, Inc. (KEG) and Nabors Industries (NBR) finished near the bottom. GulfMark Offshore, Inc. Class A is currently rated F. Key Energy Services, Inc. and Nabors Industries are rated F and F.

The computer and personal electronics sector is lagging this week with 60% of its stocks (12 out of 20) rated a “sell”. Out of the computer and personal electronics stocks, Diebold, Incorporated (DBD), QLogic Corporation (QLGC) and Hewlett-Packard Company (HPQ) finished near the bottom. Diebold, Incorporated has a score of F while QLogic Corporation and Hewlett-Packard Company rated F and F.

The oil and gas sector is trailing behind others this week, with 58% of its stocks (125 out of 214) rated a “sell”. Among oil and gas stocks, Enerplus Corporation (ERF), Swift Energy Company (SFY) and Newfield Exploration Company (NFX) lingered near the bottom. Enerplus Corporation has a score of F while Swift Energy Company and Newfield Exploration Company rated F and F.

The marine sector looks weak, with 57% of its stocks (4 out of 7) rated a “sell”. With a grade of D, Diana Shipping (DSX) and Navios Maritime Partners LP (NMM) are weighing down the sector. DryShips (DRYS) also ranks a low 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.


Article printed from InvestorPlace Media, http://investorplace.com/2013/12/5-worst-sectors-to-avoid-this-week-dbd-qlgc-hpq-glf-keg-nbr-erf-sfy-nfx-drys-dsx-nmm-clf-wlt-tc-9/.

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