According to the Portfolio Grader database this week, the energy services, marine, construction and engineering, electrical equipment and distributors sectors are at the bottom.
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 pushing the sector down with F grades. Overall, CARBO Ceramics is the poorest performer in this sector. Its share price has dropped 69.3% in the last 12 months.
With 71% of its stocks (5 out of 7) rated “sell,” the marine sector is struggling this week. Out of the marine stocks, Seaspan Corporation (SSW) and Kirby Corporation (KEX) are at the bottom with F’s. Diana Shipping (DSX) also has a weak D. Diana Shipping is the worst stock in its sector, with the company’s share price falling 13.5% 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”. Empresas ICA SAB de CV Sponsored ADR (ICA), KBR, Inc. (KBR) and Jacobs Engineering Group (JEC) are all currently earning F’s. Empresas ICA SAB de CV Sponsored ADR is the worst performer in this sector, with a 34.9% decline in the last 12 months.
The electrical equipment sector is lagging this week with 62% of its stocks (16 out of 26) rated a “sell”. Among electrical equipment stocks, General Cable Corporation (BGC), Graftech International Ltd (GTI) and Encore Wire Corporation (WIRE) are lingering near the bottom with grades of F. Graftech International Ltd is the worst stock in its sector, with the company’s share price falling 67.6% in the last 12 months.
The distributors sector looks weak, 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.
