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 Communications Equipment sectors.
The Metals and Mining sector looks weak, with 78% of its stocks (74 out of 95) rated a “sell”. Finishing near the bottom this week are Cliffs Natural Resources (NYSE:), Walter Energy (NYSE:), and Thompson Creek Metals Company Inc. (NYSE:) among the Metals and Mining stocks. Cliffs Natural Resources has a score of F while Walter Energy and Thompson Creek Metals Company Inc. rated F and F. Over the last 12 months, Walter Energy is the worst performer in this sector, with a 70.4% decline.
The Computer and Personal Electronics sector is lagging this week with 60% of its stocks (12 out of 20) rated a “sell”. Among Computer and Personal Electronics stocks, Diebold, Incorporated (NYSE:), QLogic Corporation (NASDAQ:), and Hewlett-Packard Company (NYSE:) finished near the bottom. Diebold, Incorporated is currently rated F. QLogic Corporation and Hewlett-Packard Company are rated F and F.
The Energy Services sector is trailing behind others this week, with 59% of its stocks (33 out of 56) rated a “sell”. Dwelling near the bottom this week are GulfMark Offshore, Inc. Class A (NYSE:), Key Energy Services, Inc. (NYSE:), and Nabors Industries (NYSE:) among the Energy Services stocks. GulfMark Offshore, Inc. Class A has a score of F while Key Energy Services, Inc. and Nabors Industries rated F and F. Key Energy Services, Inc. is the worst performer in this sector, with a 42.7% decline in the last 12 months.
The Oil and Gas sector is dragging, with 58% of its stocks (124 out of 212) rated a “sell”. Out of the Oil and Gas stocks, Enerplus Corporation (NYSE:), Swift Energy Company (NYSE:), and Newfield Exploration Company (NYSE:) finished near the bottom. Enerplus Corporation has a score of F while Swift Energy Company and Newfield Exploration Company rated F and F. Swift Energy Company is performing worst overall in the sector, with a 51% decline over the last 12 months.
With 56% of its stocks (20 out of 36) rated “sell,” the Communications Equipment sector is struggling this week. Among Communications Equipment stocks, Alcatel-Lucent SA Sponsored ADR (NYSE:), ADTRAN, Inc. (NASDAQ:), and Polycom, Inc. (NASDAQ:) lingered near the bottom. Alcatel-Lucent SA Sponsored ADR has a score of F while ADTRAN, Inc. and Polycom, Inc. rated F and 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.
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