Saturday, October 12, 2013

5 Worst Sectors to Avoid This Week

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This week, the Computer and Personal Electronics, Energy Services, Computer and Personal Electronics, Oil and Gas, and Marine sectors look weak according to Portfolio Grader.

With 78% of its stocks (74 out of 95) rated “sell,” the Metals and Mining sector is struggling this week. Out of the Metals and Mining stocks, Cliffs Natural Resources (NYSE:), Walter Energy (NYSE:), and Thompson Creek Metals Company Inc. (NYSE:) are near the bottom with F’s. Over the last 12 months, Walter Energy is the worst performer in this sector, with a 74.6% decline.

The Energy Services sector is trailing behind others this week, with 61% of its stocks (34 out of 56) rated a “sell”. Nuverra Environmental Solutions, Inc. (NYSE:), GulfMark Offshore, Inc. Class A (NYSE:), and Key Energy Services, Inc. (NYSE:) are all currently earning F’s. The worst performer in this sector is Key Energy Services, Inc., which saw its price sink 44.5% in the last 12 months.

The Computer and Personal Electronics sector is lagging this week with 60% of its stocks (12 out of 20) rated a “sell”. Diebold, Incorporated (NYSE:), QLogic Corporation (NASDAQ:), and Hewlett-Packard Company (NYSE:) are pushing the sector down with F grades. Hewlett-Packard Company is the worst performer in this sector, with a 15.4% decline in the last 12 months.

The Oil and Gas sector looks weak, with 59% of its stocks (123 out of 208) rated a “sell”. Enerplus Corporation (NYSE:), Swift Energy Company (NYSE:), and Newfield Exploration Company (NYSE:) are dragging down the sector overall, each earning a low grade of F. Overall, Swift Energy Company is the poorest performer in this sector. Its share price has dropped 56.4% in the last 12 months.

The Marine sector is dragging, with 57% of its stocks (4 out of 7) rated a “sell”. With a grade of D, Diana Shipping (NYSE:) and Navios Maritime Partners LP (NYSE:) are weighing down the sector. DryShips (NASDAQ:) also ranks a low 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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