On the Portfolio Grader database this week, the energy services, marine, construction and engineering, distributors and electrical equipment sectors are among the worst.
The energy services sector is dragging, with 91% of its stocks (51 out of 56) 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 73.1% decline.
The marine sector is lagging this week 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 trailing behind others this week, with 67% of its stocks (14 out of 21) rated a “sell”. Out of the construction and engineering stocks, Empresas ICA SAB de CV Sponsored ADR (ICA), KBR, Inc. (KBR) and Jacobs Engineering Group (JEC) are near the bottom with F’s. Empresas ICA SAB de CV Sponsored ADR is the worst stock in its sector, with the company’s share price falling 48.6% in the last 12 months.
With 60% of its stocks (15 out of 25) rated “sell,” the distributors sector is struggling this week. At the bottom of the distributors stocks, Beacon Roofing Supply, Inc. (BECN) and NOW Inc (DNOW) currently have F’s. WESCO International, Inc. (WCC) also has a weak D.
The electrical equipment sector looks weak, 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. The worst performer in this sector is GrafTech International Ltd, which saw its price sink 60.4% 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.