by Portfolio Grader | March 18, 2014 9:45 am
This week, the energy services, metals and mining, water utilities, independent power and renewable electricity producers and energy services sectors look weak according to Portfolio Grader[1].
The reit sector is trailing behind others this week, with 81% of its stocks (124 out of 154) rated a “sell”. Hatteras Financial (HTS[2]), DDR Corp. (DDR[3]) and Health Care REIT, Inc. (HCN[4]) are pushing the sector down with F grades. Hatteras Financial is the worst performer in this sector, with a 27.2% decline in the last 12 months.
The metals and mining sector is dragging, with 67% of its stocks (61 out of 91) rated a “sell”. Among metals and mining stocks, Newmont Mining Corporation (NEM[5]), Gold Fields Limited Sponsored ADR (GFI[6]) and Schnitzer Steel Industries, Inc. Class A (SCHN[7]) are lingering near the bottom with grades of F. Overall, Gold Fields Limited Sponsored ADR is the poorest performer in this sector. Its share price has dropped 71% in 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[8]), SJW Corp. (SJW[9]) and Aqua America, Inc. (WTR[10]) are dragging down the sector overall, each earning a low grade of D. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is performing worst overall in the sector, with an 83.6% decline over the last 12 months.
With 67% of its stocks (6 out of 9) rated “sell,” the independent power and renewable electricity producers sector is struggling this week. TransAlta Corporation (TAC[11]), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC[12]) and Calpine Corporation (CPN[13]) are all currently earning F’s. TransAlta Corporation is the worst performer in this sector, with a 41.9% decline in the last 12 months.
The energy services sector looks weak, with 60% of its stocks (38 out of 63) rated a “sell”. With an overall grade of F, McDermott International, Inc. (MDR[14]), ION Geophysical Corporation (IO[15]) and Tidewater (TDW[16]) are weighing down the sector. Over the last 12 months, ION Geophysical Corporation is the worst performer in this sector, with a 27.9% decline.
Louis Navellier’s proprietary Portfolio Grader[1] 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[17].
Source URL: https://investorplace.com/2014/03/5-worst-sectors-to-avoid-this-week-mdr-io-tdw-tac-eoc-cpn-sbs-sjw-wtr-hts-ddr-hcn-nem-gfi-schn-2/
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