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 dragging, 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 64% decline.
With 71% of its stocks (5 out of 7) rated “sell,” the marine sector is struggling this week. With a score of F, Seaspan Corporation (SSW), Kirby Corporation (KEX) are weighing down the sector. Diana Shipping (DSX) also has a low D. The worst performer in this sector is Diana Shipping, which saw its price sink 18.3% 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. Empresas ICA SAB de CV Sponsored ADR is performing worst overall in the sector, with a 29.6% 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 62% in the last 12 months.
The distributors sector is lagging this week with 57% of its stocks (13 out of 23) rated a “sell”. WESCO International, Inc. (WCC) and MRC Global Inc. (MRC) are dragging down the sector overall, each earning a high score of D. Beacon Roofing Supply, Inc. (BECN) currently ranks 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.
