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 is trailing behind others 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. Over the last 12 months, CARBO Ceramics is the worst performer in this sector, with a 63.2% decline.
With 75% of its stocks (6 out of 8) rated “sell,” the marine sector is struggling this week. Golden Ocean Group Ltd (GOGL), Seaspan Corporation (SSW) and Kirby Corporation (KEX) are pushing the sector down with F grades.
The construction and engineering sector is dragging, 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. Empresas ICA SAB de CV Sponsored ADR is the worst stock in its sector, with the company’s share price falling 34.3% in the last 12 months.
The electrical equipment sector looks weak, 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. Overall, GrafTech International Ltd is the poorest performer in this sector. Its share price has dropped 60.4% in the last 12 months.
The distributors sector is lagging this week with 58% of its stocks (14 out of 24) rated a “sell”. With a score of F, Beacon Roofing Supply, Inc. (BECN), NOW Inc (DNOW) are weighing down the sector. WESCO International, Inc. (WCC) also has a low D.
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.