For the week, the worst sectors according to Portfolio Grader are the water utilities, reit, metals and mining, electric utilities and construction materials sectors.
The water utilities sector is lagging this week with 100% of its stocks (6 out of 6) rated a “sell”. SJW Corp. (SJW), Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (SBS) and Aqua America, Inc. (WTR) are pushing the sector down with D grades. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the worst performer in this sector, with an 80.9% decline in the last 12 months. This is worse than the S&P 500, which has seen a 9.8% increase over the same period.
The reit sector is dragging, with 87% of its stocks (131 out of 151) rated a “sell”. American Capital Mortgage Investment Corp. (MTGE), Hatteras Financial (HTS) and Apollo Residential Mortgage, Inc. (AMTG) are all currently earning F’s. Over the last 12 months, Hatteras Financial is the worst performer in this sector, with a 35% decline.
The metals and mining sector looks weak, with 77% of its stocks (68 out of 88) rated a “sell”. Among metals and mining stocks, Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY), Hudbay Minerals Inc. (HBM) and Gold Fields Limited Sponsored ADR (GFI) are lingering near the bottom with grades of F. The worst performer in this sector is Gold Fields Limited Sponsored ADR, which saw its price sink 78% in the last 12 months.
The electric utilities sector is trailing behind others this week, with 76% of its stocks (29 out of 38) rated a “sell”. FirstEnergy (FE), Centrais Eletricas Brasileiras S.A. – Eletrobras Sponsored ADR (EBR) and The Southern Company (SO) are dragging down the sector overall, each earning a low grade of F. FirstEnergy is the worst stock in its sector, with the company’s share price falling 23.5% in the last 12 months.
With 70% of its stocks (7 out of 10) rated “sell,” the construction materials sector is struggling this week. With an overall grade of D, Headwaters Incorporated (HW), Martin Marietta Materials, Inc. (MLM) and Cementos Pacasmayo SAA Sponsored ADR (CPAC) are weighing down the sector.
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.