The commercial banking, aerospace and defense, auto parts, life science and biotechnology sectors are having a strong week, according to Portfolio Grader.
With 100% of the sector’s stocks (5 out of 5) rating a “buy,” the commercial banking sector is one of the strongest. Near the top of their sector, Pacific Capital Bancorp (PCBC) and StellarOne Corporation (STEL) have A ratings. Citizens Republic Bancorp (CRBC) also gets a B.
The aerospace and defense sector is thriving on Portfolio Grader this week, with 74% of its stocks (31 out of 42) currently rating a “buy”. Out of the aerospace and defense stocks, Huntington Ingalls Industries, Inc. (HII), Alliant Techsystem (ATK) and TASER International, Inc. (TASR) are out front with A’s. Huntington Ingalls Industries, Inc. is performing the best overall in the sector, with a 189.1% increase from 12 months ago.
With 71% of the sector’s stocks (17 out of 24) rating a “buy,” the auto parts sector is one of the strongest. 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 best performer in this sector, with a 247.9% increase in the last 12 months.
Life science is thriving this week with 71% of stocks in the sector (17 out of 24) currently rating a “buy”. Wuxi PharmaTech (Cayman) Inc. Sponsored ADR (WX), Covance (CVD) and Illumina, Inc. (ILMN) are paving the way for the sector with A grades. Wuxi PharmaTech (Cayman) Inc. Sponsored ADR beats the other stocks in its sector, with a 203% increase from a year ago.
Biotechnology stands out with 67% of the sector’s stocks (60 out of 90) rating a “buy”. With overall grades of A, Gentium S.p.A. Sponsored ADR (GENT), Repligen Corporation (RGEN) and Insys Therapeutics, Inc. (INSY) are buoying the sector. Over the last 12 months, Repligen Corporation is the best performer in this sector, with a 588.4% increase.
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.
