The commercial banking, aerospace and defense, biotechnology, life science and auto parts sectors are rising to the top this week on the Portfolio Grader database.
The commercial banking sector’s track record is proving one of the best with 100% of its stocks (5 out of 5) rating a “buy”. Among commercial banking stocks, StellarOne Corporation (STEL) and Citizens Republic Bancorp (CRBC) are leading the way with grades of B. Pacific Capital Bancorp (PCBC) also has a top grade of A.
Aerospace and defense is thriving this week with 74% of stocks in the sector (31 out of 42) currently rating a “buy”. Alliant Techsystem (ATK), Huntington Ingalls Industries, Inc. (HII) and TASER International, Inc. (TASR) are paving the way for the sector with A grades. The best performer in this sector is Huntington Ingalls Industries, Inc., which saw its price jump up 218.3% in the last 12 months.
Biotechnology is excelling, with 71% of stocks in the sector (60 out of 85) rating a “buy”. Among biotechnology stocks, Gentium S.p.A. Sponsored ADR (GENT), Repligen Corporation (RGEN) and Insys Therapeutics, Inc. (INSY) are leading the way with A’s. Repligen Corporation beats the other stocks in its sector, with a 357% increase from a year ago.
Life science stands out with 70% of the sector’s stocks (16 out of 23) rating a “buy”. With overall grades of A, Wuxi PharmaTech (Cayman) Inc. Sponsored ADR (WX), Covance (CVD) and Illumina, Inc. (ILMN) are buoying the sector. Wuxi PharmaTech (Cayman) Inc. Sponsored ADR is performing the best overall in the sector, with a 233.9% increase from 12 months ago.
The auto parts sector is thriving on Portfolio Grader this week, with 68% of its stocks (17 out of 25) currently rating a “buy”. Magna International (MGA), Dorman Products, Inc. (DORM) and Cooper-Standard Holdings Inc. (CPS) are lifting the sector overall, each earning a high grade of A. Magna International is the top stock in its sector, with a 208.6% increase from 12 months ago.
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.
