According to the Portfolio Grader database this week, the energy services, marine, construction and engineering, electrical equipment and distributors sectors are at the bottom.
With 91% of its stocks (50 out of 55) rated “sell,” the energy services sector is struggling this week. Among energy services stocks, CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are lingering near the bottom with grades of F. CARBO Ceramics is the worst performer in this sector, with a 75.3% decline in the last 12 months.
The marine sector looks weak, 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 performing worst overall in the sector, with a 20.5% decline over 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. Overall, KBR, Inc. is the poorest performer in this sector. Its share price has dropped 39.1% 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”. General Cable Corporation (BGC), Graftech International Ltd (GTI) and Encore Wire Corporation (WIRE) are pushing the sector down with F grades. The worst performer in this sector is Graftech International Ltd, which saw its price sink 69.3% in the last 12 months.
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.
