The biotechnology, leisure goods, marine, auto parts and pharmaceutical sectors are having a strong week, according to Portfolio Grader.
Biotechnology is thriving this week with 67% of stocks in the sector (55 out of 82) currently rating a “buy”. With overall grades of A, Gentium S.p.A. Sponsored ADR (GENT), Ligand Pharmaceuticals Incorporated (LGND) and Insys Therapeutics, Inc. (INSY) are buoying the sector. The best performer in this sector is Gentium S.p.A. Sponsored ADR, which saw its price jump up 855.5% in the last 12 months. This is better than the Nasdaq, which has seen a 10.7% increase over the same period.
Leisure goods is excelling, with 67% of stocks in the sector (6 out of 9) rating a “buy”. Sturm, Ruger & Company, Inc. (RGR), Smith & Wesson Holding Corporation (SWHC) and Polaris Industries (PII) are paving the way for the sector with B grades. Over the last 12 months, Polaris Industries is the best performer in this sector, with a 170.4% increase.
Marine stands out with 64% of the sector’s stocks (7 out of 11) rating a “buy”. Near the top of their sector, Safe Bulkers, Inc. (SB) and Navios Maritime Holdings (NM) have A ratings. Danaos Corporation (DAC) also gets a B. The best performer in this sector is Navios Maritime Holdings, which saw its price rise 189.3% in the last 12 months.
The auto parts sector is thriving on Portfolio Grader this week, with 62% of its stocks (16 out of 26) currently rating a “buy”. Drew Industries Incorporated (DW) and Lear Corporation (LEA) are lifting the sector overall, each earning a high score of B. The Goodyear Tire & Rubber Company (GT) currently ranks A. Lear Corporation is the best performer in this sector, with a 126.6% increase in the last 12 months.
The pharmaceutical sector’s track record is proving one of the best with 62% of its stocks (32 out of 52) rating a “buy”. Out of the pharmaceutical stocks, Salix Pharmaceuticals, Ltd. (SLXP), Jazz Pharmaceuticals (JAZZ) and Taro Pharmaceutical (TARO) are out front with A’s. Jazz Pharmaceuticals beats the other stocks in its sector, with a 262.4% increase from a year 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.
