On the Portfolio Grader database this week, the REIT, metals and mining, water utilities, independent power and renewable electricity producers and energy services sectors are among the worst.
With 80% of its stocks (124 out of 155) rated “sell,” the reit sector is struggling this week. With an overall grade of F, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are weighing down the sector. Overall, Hatteras Financial is the poorest performer in this sector. Its share price has dropped 27.4% in the last 12 months.
The metals and mining sector looks weak, with 67% of its stocks (61 out of 91) rated a “sell”. 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. Overall, Gold Fields Limited Sponsored ADR is the poorest performer in this sector. Its share price has dropped 72.9% in the last 12 months.
The water utilities sector is dragging, with 67% of its stocks (4 out of 6) rated a “sell”. Among water utilities stocks, Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (SBS), SJW Corp. (SJW) and Aqua America, Inc. (WTR) are lingering near the bottom with grades of D. 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 83.8% in the last 12 months.
The independent power and renewable electricity producers sector is lagging this week with 67% of its stocks (6 out of 9) 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. TransAlta Corporation is the worst performer in this sector, with a 42.8% decline 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”. McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are pushing the sector down with F grades. The worst performer in this sector is ION Geophysical Corporation, which saw its price sink 24.2% 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.