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 78% of its stocks (125 out of 161) rated “sell,” the reit sector is struggling this week. Out of the reit stocks, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are near the bottom with F’s. Hatteras Financial is the worst stock in its sector, with the company’s share price falling 28% 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”. 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. Gold Fields Limited Sponsored ADR is performing worst overall in the sector, with a 71.1% decline over the last 12 months.
The water utilities sector looks weak, with 67% of its stocks (4 out of 6) rated a “sell”. With an overall grade of D, Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (SBS), SJW Corp. (SJW) and Aqua America, Inc. (WTR) are weighing down the sector. 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 an 83.1% decline.
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 all currently earning F’s. The worst performer in this sector is TransAlta Corporation, which saw its price sink 47% in the last 12 months.
The energy services sector is trailing behind others this week, with 61% of its stocks (39 out of 64) rated a “sell”. Among energy services stocks, McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are lingering near the bottom with grades of F. Overall, ION Geophysical Corporation is the poorest performer in this sector. Its share price has dropped 44% 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.