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5 Worst Sectors to Avoid This Week

energy services, distributors, and marine among the sectors with the most "sell" calls

This week, the energy services, construction and engineering, marine, electrical equipment and distributors sectors rank lowest on the Portfolio Grader database.

The energy services sector is dragging, with 93% of its stocks (53 out of 57) rated a “sell”. CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are dragging down the sector overall, each earning a low grade of F. The worst performer in this sector is CARBO Ceramics, which saw its price sink 79.5% in the last 12 months.

The construction and engineering sector looks weak, 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. Over the last 12 months, Empresas ICA SAB de CV Sponsored ADR is the worst performer in this sector, with a 71.6% decline.

With 71% of its stocks (5 out of 7) rated “sell,” the marine sector is struggling this week. Among marine stocks, Seaspan Corporation (SSW) and Kirby Corporation (KEX) are struggling with grades of F. Diana Shipping (DSX) also has a low grade of D. Diana Shipping is the worst stock in its sector, with the company’s share price falling 12% in the last 12 months.

The electrical equipment sector is trailing behind others this week, with 64% of its stocks (16 out of 25) 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. General Cable Corporation is the worst performer in this sector, with a 39.3% decline in the last 12 months.

The distributors sector is lagging this week 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.

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