This week, the energy services, metals and mining, water utilities, independent power and renewable electricity producers and energy services sectors look weak according to Portfolio Grader.
With 77% of its stocks (124 out of 162) rated “sell,” the reit sector is struggling this week. Among reit stocks, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are lingering near the bottom with grades of F. The worst performer in this sector is Hatteras Financial, which saw its price sink 26.5% in the last 12 months.
The metals and mining sector is lagging this week with 67% of its stocks (61 out of 91) 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. Over the last 12 months, Gold Fields Limited Sponsored ADR is the worst performer in this sector, with a 69.2% decline.
The water utilities sector is trailing behind others this week, 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 the worst stock in its sector, with the company’s share price falling 82.1% 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”. 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. Overall, TransAlta Corporation is the poorest performer in this sector. Its share price has dropped 40.5% in the last 12 months.
The energy services sector looks weak, with 61% of its stocks (39 out of 64) rated a “sell”. McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are all currently earning F’s. ION Geophysical Corporation is the worst performer in this sector, with a 40.1% 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.