This week, the energy services, marine, construction and engineering, distributors and electrical equipment sectors look weak according to Portfolio Grader.
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. Overall, CARBO Ceramics is the poorest performer in this sector. Its share price has dropped 70.9% 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 40.7% decline over the last 12 months.
The distributors sector is trailing behind others this week, with 60% of its stocks (15 out of 25) rated a “sell”. At the bottom of the distributors stocks, NOW Inc (DNOW) and Beacon Roofing Supply, Inc. (BECN) currently have F’s. WESCO International, Inc. (WCC) also has a weak D.
The electrical equipment sector is lagging this week with 59% of its stocks (16 out of 27) rated a “sell”. Among electrical equipment stocks, General Cable Corporation (BGC), GrafTech International Ltd (GTI) and Encore Wire Corporation (WIRE) are lingering near the bottom with grades of F. GrafTech International Ltd is the worst performer in this sector, with a 60.6% 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.