5 Worst Sectors to Avoid This Week

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

With 91% of its stocks (50 out of 55) rated “sell,” the energy services sector is struggling this week. CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are pushing the sector down with F grades. The worst performer in this sector is CARBO Ceramics, which saw its price sink 70.2% in the last 12 months.

The marine sector looks weak, with 71% of its stocks (5 out of 7) rated a “sell”. Among marine stocks, Seaspan Corporation (SSW) and Kirby Corporation (KEX) are struggling with grades of F. Diana Shipping (DSX) also has a low grade of D. Over the last 12 months, Diana Shipping is the worst performer in this sector, with a 9.4% decline.

The construction and engineering sector is lagging this week with 67% of its stocks (14 out of 21) rated a “sell”. Empresas ICA SAB de CV Sponsored ADR (ICA), KBR, Inc. (KBR) and Jacobs Engineering Group (JEC) are dragging down the sector overall, each earning a low grade of F. KBR, Inc. is the worst performer in this sector, with a 32.1% decline in the last 12 months.

The electrical equipment sector is trailing behind others this week, with 62% of its stocks (16 out of 26) rated a “sell”. Out of the electrical equipment stocks, General Cable Corporation (BGC), Graftech International Ltd (GTI) and Encore Wire Corporation (WIRE) are near the bottom with F’s. Overall, Graftech International Ltd is the poorest performer in this sector. Its share price has dropped 69.3% in the last 12 months.

The distributors sector is dragging, with 57% of its stocks (13 out of 23) rated a “sell”. Among distributors stocks, WESCO International, Inc. (WCC) and MRC Global Inc. (MRC) are struggling with grades of D. Beacon Roofing Supply, Inc. (BECN) also has a low grade 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/2015/03/5-worst-sectors-to-avoid-this-week-crr-tdw-rig-3/.

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