For the week, the worst sectors according to Portfolio Grader are the Metals and Mining, Computer and Personal Electronics, Energy Services, Oil and Gas, and Technology Equipment sectors.
With 78% of its stocks (72 out of 92) rated “sell,” the Metals and Mining sector is struggling this week. Among Metals and Mining stocks, Cliffs Natural Resources (NYSE:CLF), Walter Energy Inc. (NYSE:WLT), and Thompson Creek Metals (NYSE:TC) are lingering near the bottom with grades of F. The worst performer in this sector is Cliffs Natural Resources, which saw its price sink 58.6% in the last 12 months. This is worse than the S&P 500, which has seen a 13.5% increase over the same period.
The Computer and Personal Electronics sector is lagging this week with 62% of its stocks (13 out of 21) rated a “sell”. Diebold (NYSE:DBD), QLogic (NASDAQ:QLGC), and Hewlett-Packard (NYSE:HPQ) are pushing the sector down with F grades. Overall, Hewlett-Packard is the poorest performer in this sector. Its share price has dropped 16.4% in the last 12 months.
The Energy Services sector looks weak, with 61% of its stocks (33 out of 54) rated a “sell”. Gulfmark Offshore (NYSE:GLF), Key Energy Services (NYSE:KEG
), and Nabors Industries (NYSE:NBR) are all currently earning F’s. Gulfmark Offshore is performing worst overall in the sector, with a 9.4% decline over the last 12 months.
The Oil and Gas sector is trailing behind others this week, with 61% of its stocks (121 out of 199) rated a “sell”. Out of the Oil and Gas stocks, Enerplus (NYSE:ERF), Swift Energy (NYSE:SFY), and Newfield Exploration (NYSE:NFX) are near the bottom with F’s. Over the last 12 months, Swift Energy is the worst performer in this sector, with a 47.4% decline.
The Technology Equipment sector is dragging, with 57% of its stocks (30 out of 53) rated a “sell”. TTM Technologies (NASDAQ:TTMI), FARO Technologies (NASDAQ:FARO), and ScanSource (NASDAQ:SCSC) are dragging down the sector overall, each earning a low grade of F.
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.
