For the week, the worst sectors according to Portfolio Grader are the energy services, marine, construction and engineering, distributors and electrical equipment sectors.
The energy services sector is lagging this week with 91% of its stocks (51 out of 56) rated a “sell”. Among energy services stocks, CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are lingering near the bottom with grades of F. Over the last 12 months, CARBO Ceramics is the worst performer in this sector, with a 78.2% 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 is trailing behind others this week, with 67% of its stocks (14 out of 21) rated a “sell”. With an overall grade of F, Empresas ICA SAB de CV Sponsored ADR (ICA), KBR, Inc. (KBR) and Jacobs Engineering Group (JEC) are weighing down the sector. The worst performer in this sector is Empresas ICA SAB de CV Sponsored ADR, which saw its price sink 68.5% 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, 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 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 pushing the sector down with F grades. Overall, General Cable Corporation is the poorest performer in this sector. Its share price has dropped 36.6% 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.