This week, the energy services, construction and engineering, marine, electrical equipment and metals and mining sectors look weak according to Portfolio Grader.
The energy services sector is trailing behind others this week, with 93% of its stocks (54 out of 58) rated a “sell”. Out of the energy services stocks, CARBO Ceramics (CRR), Tidewater (TDW) and Transocean (RIG) are near the bottom with F’s. 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 lagging this week with 71% of its stocks (15 out of 21) rated a “sell”. Empresas ICA SAB de CV Sponsored ADR (ICA), KBR, Inc. (KBR) and Jacobs Engineering Group (JEC) are pushing the sector down with F grades. Empresas ICA SAB de CV Sponsored ADR is performing worst overall in the sector, with a 71.6% decline over the last 12 months.
The marine sector is dragging, with 71% of its stocks (5 out of 7) rated a “sell”. 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. Overall, Diana Shipping is the poorest performer in this sector. Its share price has dropped 12% 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. The worst performer in this sector is General Cable Corporation, which saw its price sink 39.3% in the last 12 months.
With 57% of its stocks (50 out of 88) rated “sell,” the metals and mining sector is struggling this week. Vale S.A. Sponsored ADR (VALE), TimkenSteel Corp (TMST) and Companhia Siderurgica Nacional Sponsored ADR (SID) are pushing the sector down with F grades. Companhia Siderurgica Nacional Sponsored ADR is the worst stock in its sector, with the company’s share price falling 86.5% in the last 12 months.
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.