On the Portfolio Grader database this week, the reit, water utilities, independent power and renewable electricity producers, metals and mining and energy services sectors are among the worst.
The reit sector looks weak, with 79% of its stocks (125 out of 159) 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. Over the last 12 months, Hatteras Financial is the worst performer in this sector, with a 27.1% decline.
With 67% of its stocks (4 out of 6) rated “sell,” the water utilities sector is struggling this week. 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 a 79.4% decline over the last 12 months.
The independent power and renewable electricity producers sector is dragging, 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.
The metals and mining sector is trailing behind others this week, with 66% of its stocks (61 out of 92) rated a “sell”. 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. Overall, Gold Fields Limited Sponsored ADR is the poorest performer in this sector. Its share price has dropped 73.1% in the last 12 months.
The energy services sector is lagging 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 pushing the sector down with F grades. ION Geophysical Corporation is the worst stock in its sector, with the company’s share price falling 27.2% 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.