This week, the energy services, construction and engineering, marine, electrical equipment and distributors sectors look weak according to Portfolio Grader.
The energy services sector looks weak, 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. 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 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. Empresas ICA SAB de CV Sponsored ADR is performing worst overall in the sector, with a 71.6% decline over the last 12 months.
With 71% of its stocks (5 out of 7) rated “sell,” the marine sector is struggling this week. Seaspan Corporation (SSW) and Kirby Corporation (KEX) are dragging down the sector overall, each earning a low grade of F. Diana Shipping (DSX) currently ranks D. Diana Shipping is the worst performer in this sector, with a 12% decline 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”. 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. General Cable Corporation is the worst stock in its sector, with the company’s share price falling 39.3% in the last 12 months.
The distributors sector is lagging this week with 60% of its stocks (15 out of 25) 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.