This week, the energy services, marine, construction and engineering, distributors and electrical equipment sectors rank lowest on the Portfolio Grader database.
The energy services sector is trailing behind others this week, with 91% of its stocks (50 out of 55) rated a “sell”. Among energy services stocks, CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are lingering near the bottom with grades of F. The worst performer in this sector is CARBO Ceramics, which saw its price sink 72.7% in the last 12 months.
The marine sector is lagging this week with 75% of its stocks (6 out of 8) rated a “sell”. Seaspan Corporation (SSW), Kirby Corporation (KEX) and Golden Ocean Group Ltd (GOGL) are pushing the sector down with F grades.
With 67% of its stocks (14 out of 21) rated “sell,” the construction and engineering sector is struggling this week. Empresas ICA SAB de CV Sponsored ADR (ICA), KBR, Inc. (KBR) and Jacobs Engineering Group (JEC) are dragging down the sector overall, each earning a low grade of F. Empresas ICA SAB de CV Sponsored ADR is performing worst overall in the sector, with a 42.7% decline over the last 12 months.
The distributors sector is dragging, with 60% of its stocks (15 out of 25) rated a “sell”. 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.
The electrical equipment sector looks weak, with 59% of its stocks (16 out of 27) rated a “sell”. General Cable Corporation (BGC), GrafTech International Ltd (GTI) and Encore Wire Corporation (WIRE) are all currently earning F’s. Over the last 12 months, GrafTech International Ltd is the worst performer in this sector, with a 60.4% decline.
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.