This week, the energy services, marine, construction and engineering, electrical equipment and distributors sectors look weak according to Portfolio Grader.
The energy services sector is lagging 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. Over the last 12 months, CARBO Ceramics is the worst performer in this sector, with a 73.8% decline.
The marine sector looks weak, with 71% of its stocks (5 out of 7) rated a “sell”. With a score of F, Seaspan Corporation (SSW), Kirby Corporation (KEX) are weighing down the sector. Diana Shipping (DSX) also has a low D. Overall, Diana Shipping is the poorest performer in this sector. Its share price has dropped 20.4% in the last 12 months.
With 67% of its stocks (14 out of 21) rated “sell,” the construction and engineering sector is struggling this week. 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 the worst stock in its sector, with the company’s share price falling 36.4% in the last 12 months.
The electrical equipment sector is dragging, 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. Graftech International Ltd is performing worst overall in the sector, with a 67.9% decline over the last 12 months.
The distributors sector is trailing behind others this week, with 57% of its stocks (13 out of 23) rated a “sell”. With a grade of D, WESCO International, Inc. (WCC) and MRC Global Inc. (MRC) are weighing down the sector. Beacon Roofing Supply, Inc. (BECN) 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.
