This week, the reit, metals and mining, water utilities, independent power and renewable electricity producers and energy services sectors rank lowest on the Portfolio Grader database.
With 78% of its stocks (125 out of 161) rated “sell,” the reit sector is struggling this week. With an overall grade of F, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are weighing down the sector. Overall, Hatteras Financial is the poorest performer in this sector. Its share price has dropped 30.3% in the last 12 months.
The metals and mining sector looks weak, 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 all currently earning F’s. Gold Fields Limited Sponsored ADR is performing worst overall in the sector, with a 71.7% decline over the last 12 months.
The water utilities sector is trailing behind others this week, with 67% of its stocks (4 out of 6) rated a “sell”. Among 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 lingering near the bottom with grades of D. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the worst performer in this sector, with an 83.7% decline in the last 12 months.
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. Over the last 12 months, TransAlta Corporation is the worst performer in this sector, with a 44.1% decline.
The energy services sector is dragging, with 61% of its stocks (39 out of 64) 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. The worst performer in this sector is ION Geophysical Corporation, which saw its price sink 44.2% 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.
