On the Portfolio Grader database this week, the energy services, marine, construction and engineering, electrical equipment and metals and mining sectors are among the worst.
With 91% of its stocks (50 out of 55) rated “sell,” the energy services sector is struggling this week. 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 64.2% decline in the last 12 months.
The marine sector looks weak, with 71% of its stocks (5 out of 7) rated a “sell”. With a score of F, Seaspan Corporation (SSW), Kirby Corporation (KEX) are weighing down the sector. Diana Shipping (DSX) also has a low D. Over the last 12 months, Diana Shipping is the worst performer in this sector, with a 5.5% decline.
The construction and engineering sector is lagging this week with 67% of its stocks (14 out of 21) rated a “sell”. Out of the construction and engineering stocks, Empresas ICA SAB de CV Sponsored ADR (ICA), KBR, Inc. (KBR) and Jacobs Engineering Group (JEC) are near the bottom with F’s. Overall, KBR, Inc. is the poorest performer in this sector. Its share price has dropped 24.2% in the last 12 months.
The electrical equipment sector is dragging, 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 the worst stock in its sector, with the company’s share price falling 61% in the last 12 months.
The metals and mining sector is trailing behind others this week, with 57% of its stocks (49 out of 86) rated a “sell”. Vale S.A. Sponsored ADR (VALE), Companhia Siderurgica Nacional Sponsored ADR (SID) and Freeport-McMoRan, Inc. (FCX) are pushing the sector down with F grades. Vale S.A. Sponsored ADR is performing worst overall in the sector, with a 65.3% decline over the last 12 months.
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.
