For the week, the worst sectors according to Portfolio Grader are the energy services, marine, construction and engineering, electrical equipment and distributors sectors.
The energy services sector looks weak, with 91% of its stocks (50 out of 55) rated a “sell”. CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are dragging down the sector overall, each earning a low grade of F. CARBO Ceramics is the worst performer in this sector, with a 68.1% decline in the last 12 months.
The marine sector is trailing behind others this week, with 71% of its stocks (5 out of 7) rated a “sell”. 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 20.5% 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. Empresas ICA SAB de CV Sponsored ADR (ICA), KBR, Inc. (KBR) and Jacobs Engineering Group (JEC) are pushing the sector down with F grades. The worst performer in this sector is KBR, Inc., which saw its price sink 35.6% 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”. Out of the electrical equipment stocks, General Cable Corporation (BGC), Graftech International Ltd (GTI) and Encore Wire Corporation (WIRE) are near the bottom with F’s. Over the last 12 months, Graftech International Ltd is the worst performer in this sector, with a 65% decline.
The distributors sector is dragging, with 57% of its stocks (13 out of 23) rated a “sell”. Among distributors stocks, WESCO International, Inc. (WCC) and MRC Global Inc. (MRC) are struggling with grades of D. Beacon Roofing Supply, Inc. (BECN) also has 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.
