The commercial banking, aerospace and defense, biotechnology, life science and auto parts sectors are showing strength this week, according to Portfolio Grader.
Commercial banking stands out with 100% of the sector’s stocks (5 out of 5) rating a “buy”. Among commercial banking stocks, StellarOne Corporation (STEL) and Citizens Republic Bancorp (CRBC) are leading the way with grades of B. Pacific Capital Bancorp (PCBC) also has a top grade of A.
The aerospace and defense sector’s track record is proving one of the best with 74% of its stocks (31 out of 42) rating a “buy”. With overall grades of A, Alliant Techsystem (ATK), Huntington Ingalls Industries, Inc. (HII) and TASER International, Inc. (TASR) are buoying the sector. Huntington Ingalls Industries, Inc. is the top stock in its sector, with a 229.2% increase from 12 months ago.
Biotechnology is thriving this week with 71% of stocks in the sector (59 out of 83) currently rating a “buy”. Out of the biotechnology stocks, Gentium S.p.A. Sponsored ADR (GENT), Repligen Corporation (RGEN) and Insys Therapeutics, Inc. (INSY) are out front with A’s. Insys Therapeutics, Inc. beats the other stocks in its sector, with a 700% increase from a year ago.
Life science stands out with 70% of the sector’s stocks (16 out of 23) rating a “buy”. Wuxi PharmaTech (Cayman) Inc. Sponsored ADR (WX), Covance (CVD) and Illumina, Inc. (ILMN) are lifting the sector overall, each earning a high grade of A. The best performer in this sector is Wuxi PharmaTech (Cayman) Inc. Sponsored ADR, which saw its price rise 235.2% in the last 12 months.
The auto parts sector is thriving on Portfolio Grader this week, with 68% of its stocks (17 out of 25) currently rating a “buy”. Magna International (MGA), Dorman Products, Inc. (DORM) and Cooper-Standard Holdings Inc. (CPS) are paving the way for the sector with A grades. Magna International is the top stock in its sector, with a 203.8% increase from 12 months 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.
