This week, the independent power and renewable electricity producers, metals and mining, water utilities, energy services and independent power and renewable electricity producers sectors look weak according to Portfolio Grader.
The reit sector is lagging this week with 74% of its stocks (125 out of 169) rated a “sell”. Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are all currently earning F’s. The worst performer in this sector is Hatteras Financial, which saw its price sink 29.5% in the last 12 months.
The metals and mining sector is dragging, with 67% of its stocks (61 out of 91) rated a “sell”. Out of the metals and mining stocks, Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) are near the bottom with F’s. Gold Fields Limited Sponsored ADR is the worst performer in this sector, with a 75.5% decline in the last 12 months.
With 67% of its stocks (4 out of 6) rated “sell,” the water utilities sector is struggling this week. 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 stock in its sector, with the company’s share price falling 85.5% 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, McDermott International, Inc. is the poorest performer in this sector. Its share price has dropped 59.1% in the last 12 months.
The independent power and renewable electricity producers sector is trailing behind others this week, with 60% of its stocks (6 out of 10) rated a “sell”. TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are pushing the sector down with F grades. Over the last 12 months, TransAlta Corporation is the worst performer in this sector, with a 51.8% decline.
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.
