On the Portfolio Grader database this week, the reit, metals and mining, water utilities, energy services and independent power and renewable electricity producers sectors are among the worst.
With 75% of its stocks (126 out of 169) rated “sell,” the reit sector is struggling this week. Among reit stocks, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are lingering near the bottom with grades of F. Overall, Hatteras Financial is the poorest performer in this sector. Its share price has dropped 29.4% 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 pushing the sector down with F grades. Gold Fields Limited Sponsored ADR is the worst performer in this sector, with a 75.3% decline in 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”. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (SBS), SJW Corp. (SJW) and Aqua America, Inc. (WTR) are dragging down the sector overall, each earning a low grade of D. The worst performer in this sector is Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR, which saw its price sink 86.2% in the last 12 months.
The energy services sector is lagging this week 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. Over the last 12 months, McDermott International, Inc. is the worst performer in this sector, with a 57.9% decline.
The independent power and renewable electricity producers sector is dragging, with 60% of its stocks (6 out of 10) 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. TransAlta Corporation is performing worst overall in the sector, with a 50.1% decline over 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.
