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 is lagging this week with 93% of its stocks (53 out of 57) rated a “sell”. CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are pushing the sector down with F grades. 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 dragging, 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.
With 71% of its stocks (15 out of 21) rated “sell,” the construction and engineering sector is struggling this week. 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 71.6% in the last 12 months.
The electrical equipment sector looks weak, with 64% of its stocks (16 out of 25) rated a “sell”. General Cable Corporation (BGC), Graftech International Ltd (GTI) and Encore Wire Corporation (WIRE) are all currently earning 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 trailing behind others this week, with 60% of its stocks (15 out of 25) rated a “sell”. NOW Inc (DNOW) and Beacon Roofing Supply, Inc. (BECN) are dragging down the sector overall, each earning a low grade of F. WESCO International, Inc. (WCC) currently ranks 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.