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. Out of the energy services stocks, CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are near the bottom with F’s. CARBO Ceramics is the worst stock in its sector, with the company’s share price falling 64.6% in the last 12 months.
The marine sector looks weak, with 75% of its stocks (6 out of 8) rated a “sell”. Golden Ocean Group Ltd (GOGL), Seaspan Corporation (SSW) and Kirby Corporation (KEX) are dragging down the sector overall, each earning a low grade of F.
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 performing worst overall in the sector, with a 37.5% decline over the last 12 months.
The electrical equipment sector is lagging this week with 62% of its stocks (16 out of 26) rated a “sell”. With an overall grade of F, General Cable Corporation (BGC), GrafTech International Ltd (GTI) and Encore Wire Corporation (WIRE) are weighing down the sector. The worst performer in this sector is GrafTech International Ltd, which saw its price sink 60.5% in the last 12 months.
The metals and mining sector is trailing behind others this week, with 57% of its stocks (50 out of 87) rated a “sell”. Among metals and mining stocks, Vale S.A. Sponsored ADR (VALE), Companhia Siderurgica Nacional Sponsored ADR (SID) and Freeport-McMoRan, Inc. (FCX) are lingering near the bottom with grades of F. Companhia Siderurgica Nacional Sponsored ADR is the worst performer in this sector, with a 76.1% decline in 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.