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 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. Over the last 12 months, CARBO Ceramics is the worst performer in this sector, with a 62.7% decline.
The marine sector is dragging, 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 looks weak, 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. The worst performer in this sector is Empresas ICA SAB de CV Sponsored ADR, which saw its price sink 35.9% in the last 12 months.
The electrical equipment sector is trailing behind others 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 dragging down the sector overall, each earning a low grade of F. Overall, GrafTech International Ltd is the poorest performer in this sector. Its share price has dropped 60.3% in the last 12 months.
With 58% of its stocks (14 out of 24) rated “sell,” the distributors sector is struggling this week. Beacon Roofing Supply, Inc. (BECN) and NOW Inc (DNOW) are dragging down the sector overall, each earning a low grade of F. WESCO International, Inc. (WCC) currently ranks 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.