This week, the reit, metals and mining, water utilities, independent power and renewable electricity producers and energy services sectors rank lowest on the Portfolio Grader database.
The reit sector is lagging this week with 81% of its stocks (127 out of 157) rated a “sell”. With an overall grade of F, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are weighing down the sector. The worst performer in this sector is Hatteras Financial, which saw its price sink 27.1% in the last 12 months.
With 67% of its stocks (61 out of 91) rated “sell,” the metals and mining sector is struggling this week. Among metals and mining stocks, Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) are lingering near the bottom with grades of F. Gold Fields Limited Sponsored ADR is the worst stock in its sector, with the company’s share price falling 73.5% in the last 12 months.
The water utilities sector is dragging, 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. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is performing worst overall in the sector, with an 81.3% decline over the last 12 months.
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 dragging down the sector overall, each earning a low grade of F. The worst performer in this sector is TransAlta Corporation, which saw its price sink 39.3% 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 all currently earning F’s. McDermott International, Inc. is the worst performer in this sector, with a 28.5% 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.