by Portfolio Grader | October 16, 2012 11:03 am
This week, the Shipping and Logistics, Metals and Mining, Communications Equipment, Marine, and Shipping and Logistics sectors look weak according to Portfolio Grader.
The Semiconductor sector looks weak, with 80% of its stocks (61 out of 76) rated a “sell.” Among Semiconductor stocks, International Rectifier (NYSE:IRF), TriQuint Semiconductor (NASDAQ:TQNT), and Intersil (NASDAQ:ISIL) are lingering near the bottom with grades of F. The worst performer in this sector is International Rectifier, which saw its price sink 31.5% in the last 12 months. This is worse than the S&P 500, which has seen a 17.6% increase over the same period.
With 69% of its stocks (61 out of 88) rated “sell,” the Metals and Mining sector is struggling this week. Mechel (NYSE:MTL), Century Aluminum (NASDAQ:CENX), and Companhia Siderurgica Naciona (NYSE:SID) are all currently earning F’s. The worst performer in this sector is Companhia Siderurgica Naciona, which saw its price sink 35.8% in the last 12 months.
Communications Equipment is lagging this week with 68% of its stocks (23 out of 34) rated a “sell.” Out of the Communications Equipment stocks, Nokia (NYSE:NOK), Acme Packet (NASDAQ:APKT), and Finisar (NASDAQ:FNSR) are near the bottom with F’s. Nokia is the worst performer in this sector, with a 57.7% decline in the last 12 months.
The Marine sector is dragging, with 63% of its stocks (5 out of 8) rated a “sell.” With a grade of D, DryShips (NASDAQ:DRYS) and Matson Inc. (NYSE:MATX) are weighing down the sector. Diana Shipping (NYSE:DSX) also ranks a low F. Matson Inc. is the worst stock in its sector, with the company’s share price falling 23.9% in the last 12 months.
The Shipping and Logistics sector is trailing behind others this week, with 63% of its stocks (5 out of 8) rated a “sell.” Among Shipping and Logistics stocks, UTi Worldwide (NASDAQ:UTIW) andC.H. Robinson Worldwide (NASDAQ:CHRW) are struggling with grades of D.Expeditors International of Washington (NASDAQ:EXPD) 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.
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