According to the Portfolio Grader database this week, the reit, metals and mining, water utilities, independent power and renewable electricity producers and energy services sectors are at the bottom.
With 81% of its stocks (125 out of 155) rated “sell,” the reit sector is struggling this week. Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are dragging down the sector overall, each earning a low grade of F. The worst performer in this sector is Hatteras Financial, which saw its price sink 27.3% 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”. Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) are pushing the sector down with F grades. The worst performer in this sector is Gold Fields Limited Sponsored ADR, which saw its price sink 73.1% in the last 12 months.
The water utilities sector is dragging, with 67% of its stocks (4 out of 6) rated a “sell”. With an overall grade of D, Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (SBS), SJW Corp. (SJW) and Aqua America, Inc. (WTR) are weighing down the sector. 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 83% 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”. 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 stock in its sector, with the company’s share price falling 39.2% in the last 12 months.
The energy services sector looks weak, with 60% of its stocks (38 out of 63) rated a “sell”. Out of the energy services stocks, McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are near the bottom with F’s. McDermott International, Inc. is the worst performer in this sector, with a 30.5% decline 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.