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5 Worst Sectors to Avoid This Week

Computer and Personal Electronics, Energy Services, Oil and Gas, Metals and Mining, and Technology Equipment have most sells


For the week, the worst sectors according to Portfolio Grader are the Metals and Mining, Energy Services, Computer and Personal Electronics, Oil and Gas, and Technology Equipment sectors.

With 77% of its stocks (72 out of 94) rated “sell,” the Metals and Mining sector is struggling this week. Cliffs Natural Resources (NYSE:CLF), Walter Energy (NYSE:WLT), and Thompson Creek Metals Company Inc. (NYSE:TC) are pushing the sector down with F grades. Walter Energy is the worst performer in this sector, with a 78% decline in the last 12 months.

The Energy Services sector looks weak, with 63% of its stocks (35 out of 56) rated a “sell”. GulfMark Offshore, Inc. Class A (NYSE:GLF), Key Energy Services, Inc. (NYSE:KEG), and Nabors Industries (NYSE:NBR) are all currently earning F’s. Over the last 12 months, Key Energy Services, Inc. is the worst performer in this sector, with a 48.8% decline.

The Computer and Personal Electronics sector is trailing behind others this week, with 62% of its stocks (13 out of 21) rated a “sell”. Diebold, Incorporated (NYSE:DBD), QLogic Corporation (NASDAQ:QLGC), and Hewlett-Packard Company (NYSE:HPQ) are dragging down the sector overall, each earning a low grade of F. Overall, Hewlett-Packard Company is the poorest performer in this sector. Its share price has dropped 10.9% in the last 12 months.

The Oil and Gas sector is lagging this week with 59% of its stocks (122 out of 206) rated a “sell”. Out of the Oil and Gas stocks, Enerplus Corporation (NYSE:ERF), Swift Energy Company (NYSE:SFY), and Newfield Exploration Company (NYSE:NFX) are near the bottom with F’s. The worst performer in this sector is Swift Energy Company, which saw its price sink 59.5% in the last 12 months.

The Technology Equipment sector is dragging, with 56% of its stocks (31 out of 55) rated a “sell”. Among Technology Equipment stocks, TTM Technologies, Inc. (NASDAQ:TTMI), FARO Technologies, Inc. (NASDAQ:FARO), and ScanSource, Inc. (NASDAQ:SCSC) are lingering near the bottom with grades 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.

Article printed from InvestorPlace Media,

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