This week, the energy services, marine, construction and engineering, electrical equipment and distributors sectors rank lowest on the Portfolio Grader database.
The energy services sector is trailing behind others this week, with 91% of its stocks (50 out of 55) rated a “sell”. CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are dragging down the sector overall, each earning a low grade of F. CARBO Ceramics is the worst performer in this sector, with a 74.1% decline in the last 12 months.
The marine sector is lagging this week with 71% of its stocks (5 out of 7) rated a “sell”. Out of the marine stocks, Seaspan Corporation (SSW) and Kirby Corporation (KEX) are at the bottom with F’s. Diana Shipping (DSX) also has a weak D. Diana Shipping is performing worst overall in the sector, with a 18.8% decline over the last 12 months.
The construction and engineering sector is dragging, 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. The worst performer in this sector is KBR, Inc., which saw its price sink 33.9% in the last 12 months.
The electrical equipment sector looks weak, with 62% of its stocks (16 out of 26) rated a “sell”. Among electrical equipment stocks, General Cable Corporation (BGC), Graftech International Ltd (GTI) and Encore Wire Corporation (WIRE) are lingering near the bottom with grades of F. Overall, Graftech International Ltd is the poorest performer in this sector. Its share price has dropped 67.4% in the last 12 months.
With 57% of its stocks (13 out of 23) rated “sell,” the distributors sector is struggling this week. 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.
