5 Worst Sectors to Avoid This Week

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On the Portfolio Grader database this week, the reit, metals and mining, energy services, construction and engineering and independent utilities sectors are among the worst.

The reit sector is dragging, with 77% of its stocks (117 out of 152) rated a “sell”. Finishing near the bottom this week are Hatteras Financial (), Apollo Residential Mortgage, Inc. () and DDR Corp. () among the reit stocks. Hatteras Financial has a score of F while Apollo Residential Mortgage, Inc. and DDR Corp. rated F and F. Hatteras Financial is performing worst overall in the sector, with a 28.3% decline over the last 12 months.

The metals and mining sector is lagging this week with 68% of its stocks (62 out of 91) rated a “sell”. Among metals and mining stocks, Allegheny Technologies Incorporated (), Harmony Gold Mining Co. Ltd. Sponsored ADR () and Schnitzer Steel Industries, Inc. Class A () finished near the bottom. Allegheny Technologies Incorporated is currently rated F. Harmony Gold Mining Co. Ltd. Sponsored ADR and Schnitzer Steel Industries, Inc. Class A are rated F and F. Over the last 12 months, Harmony Gold Mining Co. Ltd. Sponsored ADR is the worst performer in this sector, with a 72.5% decline.

The energy services sector is trailing behind others this week, with 67% of its stocks (42 out of 63) rated a “sell”. Dwelling near the bottom this week are McDermott International, Inc. (), ION Geophysical Corporation () and Tidewater () among the energy services stocks. McDermott International, Inc. has a score of F while ION Geophysical Corporation and Tidewater rated F and F. ION Geophysical Corporation is performing worst overall in the sector, with a 27% decline over the last 12 months.

With 61% of its stocks (11 out of 18) rated “sell,” the construction and engineering sector is struggling this week. Out of the construction and engineering stocks, Granite Construction Incorporated (), Empresas ICA SAB de CV Sponsored ADR () and Aegion Corporation () finished near the bottom. Granite Construction Incorporated has a score of F while Empresas ICA SAB de CV Sponsored ADR and Aegion Corporation rated F and F.

The independent utilities sector looks weak, with 60% of its stocks (6 out of 10) rated a “sell”. With a score of F, TransAlta Corporation (), Empresa Nacional de Electricidad S.A. Sponsored ADR () are weighing down the sector. Calpine Corporation () also has a low D. TransAlta Corporation is the worst performer in this sector, with a 31% decline 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.