For the week, the worst sectors according to Portfolio Grader are the reit, metals and mining, water utilities, energy services and independent power and renewable electricity producers sectors.
The reit sector is lagging this week with 79% of its stocks (127 out of 161) rated a “sell”. Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are dragging down the sector overall, each earning a low grade of F. Hatteras Financial is the worst performer in this sector, with a 32% decline in the last 12 months.
The metals and mining sector is dragging, with 67% of its stocks (61 out of 91) rated a “sell”. With an overall grade of F, Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) are weighing down the sector. Overall, Gold Fields Limited Sponsored ADR is the poorest performer in this sector. Its share price has dropped 72.9% 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 all currently earning D’s. The worst performer in this sector is Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR, which saw its price sink 83.9% 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”. Out of the energy services stocks, McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are near the bottom with F’s. Over the last 12 months, ION Geophysical Corporation is the worst performer in this sector, with a 47.9% decline.
With 60% of its stocks (6 out of 10) rated “sell,” the independent power and renewable electricity producers sector is struggling this week. TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are pushing the sector down with F grades. TransAlta Corporation is the worst stock in its sector, with the company’s share price falling 46.3% 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.