On the Portfolio Grader database this week, the reit, metals and mining, water utilities, energy services and independent utilities sectors are among the worst.
The reit sector looks weak, with 81% of its stocks (124 out of 154) rated a “sell”. Among reit stocks, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are lingering near the bottom with grades of F. Hatteras Financial is the worst performer in this sector, with a 26.8% decline in the last 12 months.
With 67% of its stocks (61 out of 91) rated “sell,” the metals and mining sector is struggling this week. Out of the metals and mining stocks, Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) are near the bottom with F’s. Gold Fields Limited Sponsored ADR is performing worst overall in the sector, with a 75.5% decline over the last 12 months.
The water utilities sector is lagging this week with 67% of its stocks (4 out of 6) rated a “sell”. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (SBS), SJW Corp. (SJW) 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 stock in its sector, with the company’s share price falling 82.4% in the last 12 months.
The energy services sector is trailing behind others this week, with 60% of its stocks (38 out of 63) rated a “sell”. With an overall grade of F, McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are weighing down the sector. Overall, ION Geophysical Corporation is the poorest performer in this sector. Its share price has dropped 28.1% in the last 12 months.
The independent utilities sector is dragging, with 60% of its stocks (6 out of 10) rated a “sell”. TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are all currently earning F’s. The worst performer in this sector is TransAlta Corporation, which saw its price sink 41.8% 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.