On the Portfolio Grader database this week, the Metals and Mining, Computer and Personal Electronics, Energy Services, Oil and Gas, and Technology Equipment sectors are among the worst.
With 78% of its stocks (74 out of 95) 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 dragging down the sector overall, each earning a low grade of F. Over the last 12 months, Walter Energy is the worst performer in this sector, with a 74% decline.
The Computer and Personal Electronics sector is trailing behind others this week, with 60% of its stocks (12 out of 20) rated a “sell”. Diebold, Incorporated (NYSE:DBD), QLogic Corporation (NASDAQ:QLGC), and Hewlett-Packard Company (NYSE:HPQ) are pushing the sector down with F grades. Overall, Hewlett-Packard Company is the poorest performer in this sector. Its share price has dropped 6.6% in the last 12 months.
The Energy Services sector looks weak, with 60% of its stocks (34 out of 57) rated a “sell”. Out of the Energy Services stocks, Nuverra Environmental Solutions, Inc. (NYSE:NES), GulfMark Offshore, Inc. Class A (NYSE:GLF), and Key Energy Services, Inc. (NYSE:KEG) are near the bottom with F’s. Over the last 12 months, Key Energy Services, Inc. is the worst performer in this sector, with a 43.3% decline.
The Oil and Gas sector is dragging, with 59% of its stocks (124 out of 211) rated a “sell”. Among Oil and Gas stocks, Enerplus Corporation (NYSE:ERF), Swift Energy Company (NYSE:SFY), and Newfield Exploration Company (NYSE:NFX) are lingering near the bottom with grades of F. The worst performer in this sector is Swift Energy Company, which saw its price sink 53.8% in the last 12 months.
The Technology Equipment sector is lagging this week with 56% of its stocks (31 out of 55) rated a “sell”. TTM Technologies, Inc. (NASDAQ:TTMI), FARO Technologies, Inc. (NASDAQ:FARO), and ScanSource, Inc. (NASDAQ:SCSC) are dragging down the sector overall, each earning 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.
