According to the Portfolio Grader database this week, the energy services, marine, construction and engineering, electrical equipment and distributors 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”. With an overall grade of F, CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are weighing down the sector. CARBO Ceramics is performing worst overall in the sector, with a 65.1% decline over the last 12 months.
The marine sector looks weak, with 75% of its stocks (6 out of 8) rated a “sell”. Out of the marine stocks, Golden Ocean Group Ltd (GOGL), Seaspan Corporation (SSW) and Kirby Corporation (KEX) are near the bottom with F’s.
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 pushing the sector down with F grades. Overall, Empresas ICA SAB de CV Sponsored ADR is the poorest performer in this sector. Its share price has dropped 32.1% 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. The worst performer in this sector is GrafTech International Ltd, which saw its price sink 60.1% in the last 12 months.
With 58% of its stocks (14 out of 24) rated “sell,” the distributors sector is struggling this week. WESCO International, Inc. (WCC) and MRC Global Inc. (MRC) are dragging down the sector overall, each earning a high score of D. Beacon Roofing Supply, Inc. (BECN) currently ranks 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.
