This week, the independent utilities, metals and mining, reit, construction materials and energy services sectors look weak according to Portfolio Grader.
The independent utilities sector is dragging, with 80% of its stocks (8 out of 10) rated a “sell”. TransAlta Corporation (TAC) and Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) are dragging down the sector overall, each earning a low grade of F. Calpine Corporation (CPN) currently ranks D. Over the last 12 months, TransAlta Corporation is the worst performer in this sector, with a 33% decline.
With 76% of its stocks (66 out of 87) rated “sell,” the metals and mining sector is struggling this week. Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY), Allegheny Technologies Incorporated (ATI) and Hudbay Minerals Inc. (HBM) are dragging down the sector overall, each earning a low grade of F. Harmony Gold Mining Co. Ltd. Sponsored ADR is the worst stock in its sector, with the company’s share price falling 75.6% in the last 12 months.
The reit sector looks weak, with 75% of its stocks (114 out of 152) rated a “sell”. With an overall grade of F, Hatteras Financial (HTS), Apollo Residential Mortgage, Inc. (AMTG) and CYS Investments, Inc. (CYS) are weighing down the sector. The worst performer in this sector is CYS Investments, Inc., which saw its price sink 36.2% in the last 12 months.
The construction materials sector is lagging this week with 70% of its stocks (7 out of 10) rated a “sell”. Out of the construction materials stocks, Martin Marietta Materials, Inc. (MLM) and Cemex SAB de CV Sponsored ADR (CX) are near the bottom of the sector with D’s. Cementos Pacasmayo SAA Sponsored ADR (CPAC) also ranks a weak F.
The energy services sector is trailing behind others this week, with 56% of its stocks (34 out of 61) rated a “sell”. McDermott International, Inc. (MDR), CGG Sponsored ADR (CGG) and Diamond Offshore Drilling, Inc. (DO) are all currently earning F’s. Overall, CGG Sponsored ADR is the poorest performer in this sector. Its share price has dropped 46.3% in the last 12 months.