For the week, the worst sectors according to Portfolio Grader are the reit, water utilities, independent power and renewable electricity producers, metals and mining and energy services sectors.
The reit sector is trailing behind others this week, with 80% of its stocks (127 out of 159) rated a “sell”. With an overall grade of F, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are weighing down the sector. Hatteras Financial is the worst performer in this sector, with a 24.7% decline in the last 12 months.
The water utilities sector looks weak, with 67% of its stocks (4 out of 6) rated a “sell”. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (SBS), SJW Corp. (SJW) and Aqua America, Inc. (WTR) are dragging down the sector overall, each earning a low grade of D. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the worst performer in this sector, with an 81.4% decline in the last 12 months.
The independent power and renewable electricity producers sector is dragging, with 67% of its stocks (6 out of 9) rated a “sell”. Out of the independent power and renewable electricity producers stocks, TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are near the bottom with F’s. TransAlta Corporation is performing worst overall in the sector, with a 41.1% decline over the last 12 months.
The metals and mining sector is lagging this week with 66% of its stocks (61 out of 92) 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) are lingering near the bottom with grades of F. Gold Fields Limited Sponsored ADR is the worst stock in its sector, with the company’s share price falling 76.1% in the last 12 months.
With 60% of its stocks (38 out of 63) rated “sell,” the energy services sector is struggling this week. McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are all currently earning F’s. The worst performer in this sector is ION Geophysical Corporation, which saw its price sink 23% 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.