The commercial banking, aerospace and defense, biotechnology, life science and auto parts sectors are on the rise this week on the Portfolio Grader database.
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.
Aerospace and defense is excelling, with 74% of stocks in the sector (31 out of 42) rating a “buy”. Out of the aerospace and defense stocks, Alliant Techsystem (ATK), Huntington Ingalls Industries, Inc. (HII) and TASER International, Inc. (TASR) are out front with A’s. The best performer in this sector is Huntington Ingalls Industries, Inc., which saw its price jump up 226.1% in the last 12 months.
The biotechnology sector’s track record is proving one of the best with 71% of its stocks (60 out of 85) rating a “buy”. With overall grades of A, Gentium S.p.A. Sponsored ADR (GENT), Repligen Corporation (RGEN) and Insys Therapeutics, Inc. (INSY) are buoying the sector. The best performer in this sector is Repligen Corporation, which saw its price rise 364.7% in the last 12 months.
Life science is thriving this week with 70% of stocks in the sector (16 out of 23) currently 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. Wuxi PharmaTech (Cayman) Inc. Sponsored ADR is performing the best overall in the sector, with a 232.2% increase from 12 months ago.
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 all currently earning A’s. Magna International is the top stock in its sector, with a 217.4% 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.
