On the Portfolio Grader database this week, the energy services, marine, construction and engineering, electrical equipment and medical technology sectors are among the worst.
With 91% of its stocks (50 out of 55) rated “sell,” the energy services sector is struggling this week. Out of the energy services stocks, CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are near the bottom with F’s. CARBO Ceramics is the worst stock in its sector, with the company’s share price falling 73.8% in the last 12 months.
The marine sector is lagging this week with 71% of its stocks (5 out of 7) rated a “sell”. At the bottom of the marine stocks, Seaspan Corporation (SSW) and Kirby Corporation (KEX) currently have F’s. Diana Shipping (DSX) also has a weak D. Overall, Diana Shipping is the poorest performer in this sector. Its share price has dropped 16.7% in the last 12 months.
The construction and engineering sector is trailing behind others this week, with 67% of its stocks (14 out of 21) rated a “sell”. Among construction and engineering stocks, Empresas ICA SAB de CV Sponsored ADR (ICA), KBR, Inc. (KBR) and Jacobs Engineering Group (JEC) are lingering near the bottom with grades of F. KBR, Inc. is performing worst overall in the sector, with a 39.9% decline over the last 12 months.
The electrical equipment sector looks weak, with 62% of its stocks (16 out of 26) rated a “sell”. With an overall grade of F, General Cable Corporation (BGC), Graftech International Ltd (GTI) and Encore Wire Corporation (WIRE) are weighing down the sector. Overall, Graftech International Ltd is the poorest performer in this sector. Its share price has dropped 68.5% in the last 12 months.
The medical technology sector is dragging, with 58% of its stocks (7 out of 12) rated a “sell”. athenahealth, Inc. (ATHN), Allscripts Healthcare Solutions, Inc. (MDRX) and Computer Programs and Systems, Inc. (CPSI) are all currently earning F’s.
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.
