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 trailing behind others this week, with 76% of its stocks (126 out of 166) rated a “sell”. Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are all currently earning F’s. Hatteras Financial is the worst performer in this sector, with a 30.2% decline in the last 12 months.
With 67% of its stocks (61 out of 91) rated “sell,” the metals and mining sector is struggling this week. 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. The worst performer in this sector is Gold Fields Limited Sponsored ADR, which saw its price sink 75.5% in the last 12 months.
The water utilities sector is lagging this week 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. Overall, Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the poorest performer in this sector. Its share price has dropped 84.6% in the last 12 months.
The energy services sector is dragging, 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 Frank’s International NV (FI) are near the bottom with F’s. McDermott International, Inc. is performing worst overall in the sector, with a 59.2% decline over the last 12 months.
The independent power and renewable electricity producers sector looks weak, with 60% of its stocks (6 out of 10) rated a “sell”. Among independent power and renewable electricity producers stocks, TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are lingering near the bottom with grades of F. Over the last 12 months, TransAlta Corporation is the worst performer in this sector, with a 50.9% decline.
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.