According to the Portfolio Grader database this week, the reit, water utilities, independent power and renewable electricity producers, metals and mining and energy services sectors are at the bottom.
The reit sector is trailing behind others this week, with 79% of its stocks (125 out of 159) rated a “sell”. Out of the reit stocks, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are near the bottom with F’s. Hatteras Financial is the worst performer in this sector, with a 26.6% decline 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. The worst performer in this sector is Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR, which saw its price sink 80.5% in the last 12 months.
With 67% of its stocks (6 out of 9) rated “sell,” the independent power and renewable electricity producers sector is struggling this week. TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are all currently earning F’s. TransAlta Corporation is the worst stock in its sector, with the company’s share price falling 40.1% in the last 12 months.
The metals and mining sector looks weak, with 66% of its stocks (61 out of 92) 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. Gold Fields Limited Sponsored ADR is performing worst overall in the sector, with a 73.7% decline over 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 dragging down the sector overall, each earning a low grade of F. Overall, ION Geophysical Corporation is the poorest performer in this sector. Its share price has dropped 28.3% 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.