This week, the independent utilities, metals and mining, reit, energy services and construction materials sectors rank lowest on the Portfolio Grader database.
The independent utilities sector looks weak, with 80% of its stocks (8 out of 10) rated a “sell”. At the bottom of the independent utilities stocks, TransAlta Corporation (TAC) and Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) currently have F’s. Calpine Corporation (CPN) also has a weak D. Overall, TransAlta Corporation is the poorest performer in this sector. Its share price has dropped 33.2% in the last 12 months.
The metals and mining sector is trailing behind others this week, with 76% of its stocks (66 out of 87) rated a “sell”. Among metals and mining stocks, Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY), Allegheny Technologies Incorporated (ATI) and Hudbay Minerals Inc. (HBM) lingered near the bottom. Harmony Gold Mining Co. Ltd. Sponsored ADR has a score of F while Allegheny Technologies Incorporated and Hudbay Minerals Inc. rated F and F. Harmony Gold Mining Co. Ltd. Sponsored ADR is performing worst overall in the sector, with a 75.2% decline over the last 12 months.
The reit sector is dragging, with 75% of its stocks (114 out of 152) rated a “sell”. Among reit stocks, Hatteras Financial (HTS), Apollo Residential Mortgage, Inc. (AMTG) and CYS Investments, Inc. (CYS) finished near the bottom. Hatteras Financial is currently rated F. Apollo Residential Mortgage, Inc. and CYS Investments, Inc. are rated F and F. Overall, CYS Investments, Inc. is the poorest performer in this sector. Its share price has dropped 38.7% in the last 12 months.
The energy services sector is lagging this week with 62% of its stocks (38 out of 61) rated a “sell”. Finishing near the bottom this week are McDermott International, Inc. (MDR), CGG Sponsored ADR (CGG) and Diamond Offshore Drilling, Inc. (DO) among the energy services stocks. McDermott International, Inc. has a score of F while CGG Sponsored ADR and Diamond Offshore Drilling, Inc. rated F and F. McDermott International, Inc. is the worst performer in this sector, with a 15.2% decline in the last 12 months.
With 60% of its stocks (6 out of 10) rated “sell,” the construction materials sector is struggling this week. Among construction materials stocks, Martin Marietta Materials, Inc. (MLM) and Cemex SAB de CV Sponsored ADR (CX) are struggling with grades of D. Cementos Pacasmayo SAA Sponsored ADR (CPAC) also has a low grade of F. Cementos Pacasmayo SAA Sponsored ADR is the worst stock in its sector, with the company’s share price falling 13.5% 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.
