For the week, the worst sectors according to Portfolio Grader are the reit, metals and mining, water utilities, independent power and renewable electricity producers and energy services sectors.
The reit sector is lagging this week 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 pushing the sector down with F grades. Hatteras Financial is performing worst overall in the sector, with a 27.2% decline over the last 12 months.
The metals and mining sector is dragging, 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 dragging down the sector overall, each earning a low grade of F. Gold Fields Limited Sponsored ADR is the worst performer in this sector, with a 73.8% decline in the last 12 months.
The water utilities sector is trailing behind others this week, with 67% of its stocks (4 out of 6) rated a “sell”. Out of the 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 near the bottom with D’s. Over the last 12 months, Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the worst performer in this sector, with an 82.2% decline.
The independent power and renewable electricity producers sector looks weak, 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. The worst performer in this sector is TransAlta Corporation, which saw its price sink 39.3% in the last 12 months.
With 60% of its stocks (38 out of 63) rated “sell,” the energy services sector is struggling this week. Among energy services stocks, McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are lingering near the bottom with grades of F. Overall, McDermott International, Inc. is the poorest performer in this sector. Its share price has dropped 30.2% 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.
