According to the Portfolio Grader database this week, the reit, metals and mining, water utilities, energy services and independent power and renewable electricity producers sectors are at the bottom.
The reit sector is lagging this week with 76% of its stocks (126 out of 165) rated a “sell”. Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are pushing the sector down with F grades. Hatteras Financial is the worst stock in its sector, with the company’s share price falling 30.7% in the last 12 months.
The metals and mining sector is trailing behind others this week, with 67% of its stocks (61 out of 91) rated a “sell”. Among metals and mining stocks, Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) are lingering near the bottom with grades of F. Overall, Gold Fields Limited Sponsored ADR is the poorest performer in this sector. Its share price has dropped 74.9% in the last 12 months.
The water utilities sector is dragging, 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. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the worst performer in this sector, with an 84.3% decline 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 Frank’s International NV (FI) are all currently earning F’s. The worst performer in this sector is ION Geophysical Corporation, which saw its price sink 59% in the last 12 months.
With 60% of its stocks (6 out of 10) rated “sell,” the independent power and renewable electricity producers sector is struggling this week. Out of the independent power and renewable electricity producers stocks, TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are near the bottom with F’s. TransAlta Corporation is performing worst overall in the sector, with a 49.6% decline over 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.