This week, the energy services, marine, construction and engineering, electrical equipment and medical technology sectors look weak according to Portfolio Grader.
The energy services sector is trailing behind others this week, with 91% of its stocks (50 out of 55) rated a “sell”. CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are all currently earning F’s. CARBO Ceramics is performing worst overall in the sector, with a 71.6% decline over the last 12 months.
The marine sector looks weak, with 71% of its stocks (5 out of 7) rated a “sell”. Seaspan Corporation (SSW) and Kirby Corporation (KEX) are dragging down the sector overall, each earning a low grade of F. Diana Shipping (DSX) currently ranks D. Over the last 12 months, Diana Shipping is the worst performer in this sector, with a 15.3% decline.
The construction and engineering sector is lagging 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 pushing the sector down with F grades. KBR, Inc. is the worst performer in this sector, with a 38.8% decline in the last 12 months.
With 62% of its stocks (16 out of 26) rated “sell,” the electrical equipment sector is struggling this week. With an overall grade of F, General Cable Corporation (BGC), Graftech International Ltd (GTI) and Encore Wire Corporation (WIRE) are weighing down the sector. The worst performer in this sector is Graftech International Ltd, which saw its price sink 69.2% in the last 12 months.
The medical technology sector is dragging, with 58% of its stocks (7 out of 12) rated a “sell”. athenahealth, Inc. (ATHN), Allscripts Healthcare Solutions, Inc. (MDRX) and Computer Programs and Systems, Inc. (CPSI) 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.
