The commercial banking, aerospace and defense, life science, biotechnology and auto parts sectors are having a strong week, according to Portfolio Grader.
Commercial banking is excelling, with 100% of stocks in the sector (5 out of 5) rating a “buy”. Near the top of their sector, Pacific Capital Bancorp (PCBC) and StellarOne Corporation (STEL) have A ratings. Citizens Republic Bancorp (CRBC) also gets a B.
Aerospace and defense is thriving this week with 74% of stocks in the sector (31 out of 42) currently rating a “buy”. Huntington Ingalls Industries, Inc. (HII), Alliant Techsystem (ATK) and TASER International, Inc. (TASR) are paving the way for the sector with A grades. Huntington Ingalls Industries, Inc. beats the other stocks in its sector, with a 226.4% increase from a year ago.
The life science sector is thriving on Portfolio Grader this week, with 71% of its stocks (17 out of 24) currently rating a “buy”. Out of the life science stocks, Wuxi PharmaTech (Cayman) Inc. Sponsored ADR (WX), Covance (CVD) and Illumina, Inc. (ILMN) are out front with A’s. Wuxi PharmaTech (Cayman) Inc. Sponsored ADR is the top stock in its sector, with a 227.9% increase from 12 months ago.
The biotechnology sector’s track record is proving one of the best with 68% of its stocks (65 out of 95) rating a “buy”. With overall grades of A, Enanta Pharmaceuticals, Inc. (ENTA), Gentium S.p.A. Sponsored ADR (GENT) and Repligen Corporation (RGEN) are buoying the sector. Repligen Corporation is the best performer in this sector, with a 516.6% increase in the last 12 months.
Auto parts stands out with 68% of the sector’s stocks (17 out of 25) rating a “buy”. Magna International (MGA), Dorman Products, Inc. (DORM) and Cooper-Standard Holdings Inc. (CPS) are lifting the sector overall, each earning a high grade of A. Showing the most overall growth in its sector in the last 12 months, Magna International is the top stock, with a 203.2% increase.
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.
