According to the Portfolio Grader database this week, the energy services, marine, construction and engineering, electrical equipment and medical technology sectors are at the bottom.
The energy services sector is lagging this week 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. The worst performer in this sector is CARBO Ceramics, which saw its price sink 75.4% in the last 12 months.
The marine sector is dragging, with 71% of its stocks (5 out of 7) rated a “sell”. Among marine stocks, Seaspan Corporation (SSW) and Kirby Corporation (KEX) are struggling with grades of F. Diana Shipping (DSX) also has a low grade of D. Diana Shipping is the worst performer in this sector, with a 17.9% decline in the last 12 months.
With 67% of its stocks (14 out of 21) rated “sell,” the construction and engineering sector is struggling this week. With an overall grade of F, Empresas ICA SAB de CV Sponsored ADR (ICA), KBR, Inc. (KBR) and Jacobs Engineering Group (JEC) are weighing down the sector. KBR, Inc. is the worst stock in its sector, with the company’s share price falling 40.6% in the last 12 months.
The electrical equipment sector is trailing behind others this week, with 62% of its stocks (16 out of 26) rated a “sell”. General Cable Corporation (BGC), Graftech International Ltd (GTI) and Encore Wire Corporation (WIRE) are all currently earning F’s. Graftech International Ltd is performing worst overall in the sector, with a 68.8% decline over the last 12 months.
The medical technology sector looks weak, with 58% of its stocks (7 out of 12) rated a “sell”. Out of the medical technology stocks, athenahealth, Inc. (ATHN), Allscripts Healthcare Solutions, Inc. (MDRX) and Computer Programs and Systems, Inc. (CPSI) are near the bottom with F’s.
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.
