5 Worst Sectors to Avoid This Week

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This week, the energy services, marine, construction and engineering, electrical equipment and oil and gas sectors look weak according to Portfolio Grader.

The energy services sector looks weak, with 91% of its stocks (52 out of 57) rated a “sell”. CARBO Ceramics (CRR), Transocean (RIG) and Seadrill (SDRL) are dragging down the sector overall, each earning a low grade of F.

The marine sector is trailing behind others this week, with 71% of its stocks (5 out of 7) rated a “sell”. Diana Shipping (DSX), Seaspan Corporation (SSW) and Kirby Corporation (KEX) are all currently earning D’s.

The construction and engineering sector is lagging this week with 67% of its stocks (14 out of 21) rated a “sell”. Out of the construction and engineering stocks, Empresas ICA SAB de CV Sponsored ADR (ICA), KBR, Inc. (KBR) and Jacobs Engineering Group (JEC) are near the bottom with F’s.

With 67% of its stocks (16 out of 24) rated “sell,” the electrical equipment sector is struggling this week. With an overall grade of F, General Cable Corporation (BGC), Graftech International Ltd (GTI) and Encore Wire Corporation (WIRE) are weighing down the sector.

The oil and gas sector is dragging, with 54% of its stocks (122 out of 228) rated a “sell”. Among oil and gas stocks, Stone Energy Corporation (SGY), Ecopetrol SA Sponsored ADR (EC) and Resolute Energy Corporation (REN) 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.


Article printed from InvestorPlace Media, https://investorplace.com/2015/01/5-worst-sectors-to-avoid-this-week-crr-rig-sdrl/.

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