This week, the energy services, metals and mining, water utilities, independent power and renewable electricity producers and energy services sectors look weak according to Portfolio Grader.
The reit sector is dragging, with 77% of its stocks (124 out of 162) rated a “sell”. Among reit stocks, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are lingering near the bottom with grades of F. Hatteras Financial is the worst performer in this sector, with a 27.1% decline in the last 12 months.
The metals and mining sector is trailing behind others this week, with 67% of its stocks (61 out of 91) rated a “sell”. Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) are dragging down the sector overall, each earning a low grade of F. Gold Fields Limited Sponsored ADR is performing worst overall in the sector, with a 71.7% decline over the last 12 months.
With 67% of its stocks (4 out of 6) rated “sell,” the water utilities sector is struggling this week. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (SBS), SJW Corp. (SJW) and Aqua America, Inc. (WTR) are all currently earning D’s. Over the last 12 months, Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the worst performer in this sector, with an 83.2% decline.
The independent power and renewable electricity producers sector is lagging this week with 67% of its stocks (6 out of 9) rated a “sell”. Out of the independent power and renewable electricity producers stocks, TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are near the bottom with F’s. The worst performer in this sector is TransAlta Corporation, which saw its price sink 40.6% in the last 12 months.
The energy services sector looks weak, with 61% of its stocks (39 out of 64) rated a “sell”. With an overall grade of F, McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are weighing down the sector. Overall, ION Geophysical Corporation is the poorest performer in this sector. Its share price has dropped 41% 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.