This week, these ten stocks have the worst year-to-date performance. Each of these also rates an “F” (“strong sell”) on Portfolio Grader. Since the beginning of the year, the Nasdaq increased 10.9%, the Dow is up 13.2%, and the S&P has increased 12.1%.
Since the first of the year, the price of Molycorp, Inc. (MCP) is down 52.5%. Molycorp produces rare earth products, including oxides, metals, alloys and magnets for a variety of applications including clean energy technologies, technology, and defense applications. As of Nov. 27, 2013, 25.2% of outstanding Molycorp, Inc. shares were held short. For more information, get Portfolio Grader’s complete analysis of MCP stock.
Share prices of Eldorado Gold Corporation (EGO) are down 53.5% since the first of the year. Eldorado Gold acquires, explores, and develops mineral properties. The stock’s trailing PE Ratio is 28.00. For more information, get Portfolio Grader’s complete analysis of EGO stock.
Shares of J. C. Penney Company, Inc. (JCP) have slipped 54.6% since January 1. J. C. Penney operates department stores in the United States and Puerto Rico. As of Nov. 27, 2013, 30% of outstanding J. C. Penney Company, Inc. shares were held short. For more information, get Portfolio Grader’s complete analysis of JCP stock.
Shares of Walter Energy (WLT) have slumped 56.7% since the first of the year. Walter Energy is a producer and exporter of metallurgical coal for the global steel industry. As of Nov. 27, 2013, 13.3% of outstanding Walter Energy shares were held short. For more information, get Portfolio Grader’s complete analysis of WLT stock.
Since January 1, Rubicon Minerals Corporation (RBY) has plunged 60%. Rubicon Minerals explores for gold deposits in the Red Lake gold camp of Canada, as well as Nevada and Alaska. For more information, get Portfolio Grader’s complete analysis of RBY stock.
Since January 1, IAMGOLD Corporation (IAG) has fallen 62.5%. Iamgold is involved in the exploration for, and development and production of mineral resource properties throughout the world. For more information, get Portfolio Grader’s complete analysis of IAG stock.
Shares of Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY) have fallen 63.9% since January 1. Harmony Gold Mining is a mining company which produces gold from its operations in the district of Virginia, Orange Free State. For more information, get Portfolio Grader’s complete analysis of HMY stock.
Since the first of the year, the price of NII Holdings, Inc. Class B (NIHD) is down 64.9%. NII Holdings provides mobile communications for business customers in Latin America. As of Nov. 27, 2013, 33.4% of outstanding NII Holdings, Inc. Class B shares were held short. Trade volume is up 100.1% from the previous week. For more information, get Portfolio Grader’s complete analysis of NIHD stock.
Share prices of Mechel OAO Sponsored ADR (MTL) are down 65.2% since the first of the year. Mechel is a Russian metals and mining company, uniting producers of steel, rolled products, hardware, coal, iron ore concentrate, and nickel. For more information, get Portfolio Grader’s complete analysis of MTL stock.
Shares of Gold Fields Limited Sponsored ADR (GFI) have slumped 66.4% since the first of the year. Gold Fields is engaged in the mining, exploration, extraction, processing, and smelting of gold. For more information, get Portfolio Grader’s complete analysis of GFI stock.
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.
