On the Portfolio Grader database this week, the energy services, marine, construction and engineering, electrical equipment and distributors sectors are among the worst.
The energy services sector looks weak, with 95% of its stocks (53 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. Overall, CARBO Ceramics is the poorest performer in this sector. Its share price has dropped 79.5% in the last 12 months.
The marine sector is trailing behind others 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 pushing the sector down with F grades.
The construction and engineering sector is dragging, with 71% of its stocks (15 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. The worst performer in this sector is Empresas ICA SAB de CV Sponsored ADR, which saw its price sink 71.6% in the last 12 months.
With 62% of its stocks (16 out of 26) rated “sell,” the electrical equipment sector is struggling this week. General Cable Corporation (BGC), Graftech International Ltd (GTI) and Encore Wire Corporation (WIRE) are dragging down the sector overall, each earning a low grade of F. Over the last 12 months, General Cable Corporation is the worst performer in this sector, with a 39.3% decline.
The distributors sector is lagging this week with 58% of its stocks (15 out of 26) rated a “sell”. Out of the distributors stocks, NOW Inc (DNOW) and Beacon Roofing Supply, Inc. (BECN) are at the bottom with F’s. WESCO International, Inc. (WCC) also has a weak D.
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.