The commercial banking, aerospace and defense, life science, biotechnology and auto parts sectors are rising to the top this week on the Portfolio Grader database.
The commercial banking sector’s track record is proving one of the best with 100% of its stocks (5 out of 5) rating a “buy”. Among commercial banking stocks, StellarOne Corporation (STEL) and Citizens Republic Bancorp (CRBC) are leading the way with grades of B. Pacific Capital Bancorp (PCBC) also has a top grade of A.
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 the top stock in its sector, with a 214.7% increase from 12 months ago.
With 71% of the sector’s stocks (17 out of 24) rating a “buy,” the life science sector is one of the strongest. Wuxi PharmaTech (Cayman) Inc. Sponsored ADR (WX), Covance (CVD) and Illumina, Inc. (ILMN) are lifting the sector overall, each earning a high grade of A. Wuxi PharmaTech (Cayman) Inc. Sponsored ADR beats the other stocks in its sector, with a 226.3% increase from a year ago.
Biotechnology is thriving this week with 68% of stocks in the sector (63 out of 92) currently 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. The best performer in this sector is Repligen Corporation, which saw its price rise 469.1% in the last 12 months.
Auto parts is excelling, with 68% of stocks in the sector (17 out of 25) rating a “buy”. Among auto parts stocks, Dorman Products, Inc. (DORM), Magna International (MGA) and Cooper-Standard Holdings Inc. (CPS) are leading the way with A’s. Magna International is the top stock in its sector, with a 254.6% increase from 12 months ago.
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.