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.
The reit sector is dragging, with 81% of its stocks (125 out of 155) rated a “sell”. Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are all currently earning F’s. Hatteras Financial is the worst stock in its sector, with the company’s share price falling 30.8% in the last 12 months.
The metals and mining sector is trailing behind others this week, 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. Gold Fields Limited Sponsored ADR is the worst stock in its sector, with the company’s share price falling 74.1% 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), SJW Corp. (SJW) and Aqua America, Inc. (WTR) are dragging down the sector overall, each earning a low grade of D. Overall, Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the poorest performer in this sector. Its share price has dropped 82.7% in 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. Among independent power and renewable electricity producers stocks, TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are lingering near the bottom with grades of F. TransAlta Corporation is the worst performer in this sector, with a 41.3% decline in the last 12 months.
The energy services sector looks weak, with 60% of its stocks (38 out of 63) rated a “sell”. McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are all currently earning F’s. ION Geophysical Corporation is the worst stock in its sector, with the company’s share price falling 26.1% 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.
