For the week, the worst sectors according to Portfolio Grader are the reit, metals and mining, water utilities, independent power and renewable electricity producers and energy services sectors.
With 81% of its stocks (124 out of 154) rated “sell,” the reit sector is struggling this week. With an overall grade of F, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are weighing down the sector. The worst performer in this sector is Hatteras Financial, which saw its price sink 28.5% in the last 12 months.
The metals and mining sector is trailing behind others this week, with 67% of its stocks (61 out of 91) rated a “sell”. Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) are pushing the sector down with F grades. The worst performer in this sector is Gold Fields Limited Sponsored ADR, which saw its price sink 74.9% in the last 12 months.
The water utilities sector is dragging, with 67% of its stocks (4 out of 6) rated a “sell”. Among water utilities stocks, Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (SBS), SJW Corp. (SJW) and Aqua America, Inc. (WTR) are lingering near the bottom with grades of D. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is performing worst overall in the sector, with an 82.8% decline over the last 12 months.
The independent power and renewable electricity producers sector is lagging this week with 67% of its stocks (6 out of 9) rated a “sell”. TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are dragging down the sector overall, each earning a low grade of F. Over the last 12 months, TransAlta Corporation is the worst performer in this sector, with a 41.3% decline.
The energy services sector looks weak, with 60% of its stocks (38 out of 63) rated a “sell”. Out of the energy services stocks, McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are near the bottom with F’s. ION Geophysical Corporation is the worst performer in this sector, with a 25.3% decline 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.
