According to the Portfolio Grader database this week, the energy services, marine, construction and engineering, electrical equipment and distributors sectors are at the bottom.
The energy services sector is trailing behind others this week, with 93% of its stocks (53 out of 57) rated a “sell”. CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are all currently earning F’s. CARBO Ceramics is the worst stock in its sector, with the company’s share price falling 79.5% in the last 12 months.
With 75% of its stocks (6 out of 8) rated “sell,” the marine sector is struggling this week. 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 looks weak, with 71% of its stocks (15 out of 21) rated a “sell”. Among construction and engineering stocks, Empresas ICA SAB de CV Sponsored ADR (ICA), KBR, Inc. (KBR) and Jacobs Engineering Group (JEC) are lingering near the bottom with grades of F. Empresas ICA SAB de CV Sponsored ADR is the worst performer in this sector, with a 71.6% decline in the last 12 months.
The electrical equipment sector is lagging this week with 64% of its stocks (16 out of 25) rated a “sell”. Out of the electrical equipment stocks, General Cable Corporation (BGC), Graftech International Ltd (GTI) and Encore Wire Corporation (WIRE) are near the bottom with F’s. General Cable Corporation is performing worst overall in the sector, with a 39.3% decline over the last 12 months.
The distributors sector is dragging, with 60% of its stocks (15 out of 25) rated a “sell”. With a score of F, NOW Inc (DNOW), Beacon Roofing Supply, Inc. (BECN) are weighing down the sector. WESCO International, Inc. (WCC) also has a low 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.