This week, the Computer and Personal Electronics, Computer and Personal Electronics, Energy Services, Oil and Gas, and Technology Equipment sectors look weak according to Portfolio Grader.
The Metals and Mining sector is trailing behind others this week, with 78% of its stocks (73 out of 93) rated a “sell”. Out of the Metals and Mining stocks, Cliffs Natural Resources (NYSE:CLF), Walter Energy Inc. (NYSE:WLT), and Thompson Creek Metals (NYSE:TC) are near the bottom with F’s. Walter Energy Inc. is the worst stock in its sector, with the company’s share price falling 76.6% in the last 12 months.
With 62% of its stocks (13 out of 21) rated “sell,” the Computer and Personal Electronics sector is struggling this week. Diebold (NYSE:DBD), QLogic (NASDAQ:QLGC), and Hewlett-Packard (NYSE:HPQ) are all currently earning F’s.
The Energy Services sector is lagging this week with 61% of its stocks (34 out of 56) rated a “sell”. Gulfmark Offshore (NYSE:GLF), Key Energy Services (NYSE:KEG
), and Nabors Industries (NYSE:NBR) are dragging down the sector overall, each earning a low grade of F. The worst performer in this sector is Key Energy Services, which saw its price sink 49.8% in the last 12 months.
The Oil and Gas sector looks weak, with 60% of its stocks (122 out of 205) rated a “sell”. With an overall grade of F, Enerplus (NYSE:ERF), Swift Energy (NYSE:SFY), and Newfield Exploration (NYSE:NFX) are weighing down the sector. Swift Energy is the worst performer in this sector, with a 54.5% decline in the last 12 months.
The Technology Equipment sector is dragging, with 57% of its stocks (31 out of 54) rated a “sell”. Among Technology Equipment stocks, TTM Technologies (NASDAQ:TTMI), FARO Technologies (NASDAQ:FARO), and ScanSource (NASDAQ:SCSC) are lingering near the bottom with grades 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.
