This week, the energy services, metals and mining, water utilities, energy services and independent utilities sectors look weak according to Portfolio Grader.
The reit sector is trailing behind others this week, with 80% of its stocks (122 out of 152) rated a “sell”. Out of the reit stocks, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) finished near the bottom. Hatteras Financial has a score of F while DDR Corp. and Health Care REIT, Inc. rated F and F. Hatteras Financial is the worst stock in its sector, with the company’s share price falling 28.8% in the last 12 months.
The metals and mining sector is dragging, with 67% of its stocks (61 out of 91) rated a “sell”. Among metals and mining stocks, Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) finished near the bottom. Newmont Mining Corporation is currently rated F. Gold Fields Limited Sponsored ADR and Schnitzer Steel Industries, Inc. Class A are rated F and F. Gold Fields Limited Sponsored ADR is the worst stock in its sector, with the company’s share price falling 73.3% in the last 12 months.
The water utilities sector is lagging this week with 67% of its stocks (4 out of 6) rated a “sell”. Dwelling near the bottom this week are Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (SBS), SJW Corp. (SJW) and Aqua America, Inc. (WTR) among the water utilities stocks. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR has a score of D while SJW Corp. and Aqua America, Inc. rated D and D. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is performing worst overall in the sector, with an 82.2% decline over the last 12 months.
The energy services sector looks weak, with 60% of its stocks (38 out of 63) rated a “sell”. Among energy services stocks, McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) lingered near the bottom. McDermott International, Inc. has a score of F while ION Geophysical Corporation and Tidewater rated F and F. Overall, ION Geophysical Corporation is the poorest performer in this sector. Its share price has dropped 28.8% in the last 12 months.
With 60% of its stocks (6 out of 10) rated “sell,” the independent utilities sector is struggling this week. Finishing near the bottom this week are TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) among the independent utilities stocks. TransAlta Corporation has a score of F while Empresa Nacional de Electricidad S.A. Sponsored ADR and Calpine Corporation rated F and F. The worst performer in this sector is TransAlta Corporation, which saw its price sink 38% 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.
