This week, the reit, water utilities, independent power and renewable electricity producers, metals and mining and energy services sectors rank lowest on the Portfolio Grader database.
The reit sector is trailing behind others this week, with 79% of its stocks (125 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 stock in its sector, with the company’s share price falling 28% in the last 12 months.
With 67% of its stocks (4 out of 6) rated “sell,” the water utilities sector is struggling this week. 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. Over the last 12 months, Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the worst performer in this sector, with a 79.8% decline.
The independent power and renewable electricity producers sector looks weak, 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. TransAlta Corporation is performing worst overall in the sector, with a 37.9% decline over the last 12 months.
The metals and mining sector is dragging, with 66% of its stocks (61 out of 92) rated a “sell”. Out of the metals and mining stocks, Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) are near the bottom with F’s. Overall, Gold Fields Limited Sponsored ADR is the poorest performer in this sector. Its share price has dropped 75.9% in the last 12 months.
The energy services sector is lagging this week with 60% of its stocks (38 out of 63) rated a “sell”. McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are pushing the sector down with F grades. The worst performer in this sector is ION Geophysical Corporation, which saw its price sink 26% 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.