According to the Portfolio Grader database this week, the reit, construction materials, infrastructure, metals and mining and energy services sectors are at the bottom.
The reit sector looks weak, with 82% of its stocks (124 out of 151) rated a “sell.” Finishing near the bottom this week are Hatteras Financial (HTS), Apollo Residential Mortgage, Inc. (AMTG) and DDR Corp. (DDR) among the reit stocks. Hatteras Financial has a score of F while Apollo Residential Mortgage, Inc. and DDR Corp. rated F and F. Overall, Hatteras Financial is the poorest performer in this sector. Its share price has dropped 33.9% in the last 12 months. This is worse than the S&P 500, which has seen a 9.3% increase over the same period.
With 80% of its stocks (8 out of 10) rated “sell,” the construction materials sector is struggling this week. Dwelling near the bottom this week are Cementos Pacasmayo SAA Sponsored ADR (CPAC), Martin Marietta Materials, Inc. (MLM) and Cemex SAB de CV Sponsored ADR (CX) among the construction materials stocks. Cementos Pacasmayo SAA Sponsored ADR has a score of D while Martin Marietta Materials, Inc. and Cemex SAB de CV Sponsored ADR rated D and D. Cementos Pacasmayo SAA Sponsored ADR is the worst performer in this sector, with a 5.8% decline in the last 12 months.
The infrastructure sector is lagging this week with 80% of its stocks (4 out of 5) rated a “sell.” Among infrastructure stocks, Grupo Aeroportuario del Pacifico SAB de CV Sponsored ADR Class B (PAC), Grupo Aeroportuario del Sureste SA de CV Sponsored ADR Class B (ASR) and Macquarie Infrastructure Company LLC (MIC) lingered near the bottom. Grupo Aeroportuario del Pacifico SAB de CV Sponsored ADR Class B has a score of D while Grupo Aeroportuario del Sureste SA de CV Sponsored ADR Class B and Macquarie Infrastructure Company LLC rated D and D.
The metals and mining sector is trailing behind others this week, with 78% of its stocks (69 out of 89) rated a “sell.” Out of the metals and mining stocks, Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY), Hudbay Minerals Inc. (HBM) and Gold Fields Limited Sponsored ADR (GFI) finished near the bottom. Harmony Gold Mining Co. Ltd. Sponsored ADR has a score of F while Hudbay Minerals Inc. and Gold Fields Limited Sponsored ADR rated F and F. Gold Fields Limited Sponsored ADR is the worst stock in its sector, with the company’s share price falling 76.7% in the last 12 months.
The energy services sector is dragging, with 66% of its stocks (41 out of 62) rated a “sell.” Among energy services stocks, McDermott International, Inc. (MDR), CGG Sponsored ADR (CGG) and Diamond Offshore Drilling, Inc. (DO) finished near the bottom. McDermott International, Inc. is currently rated F. CGG Sponsored ADR and Diamond Offshore Drilling, Inc. are rated F and F. Over the last 12 months, CGG Sponsored ADR is the worst performer in this sector, with a 45.7% 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.
