The commercial banking, aerospace and defense, biotechnology, life science and auto parts sectors look strong this week, according to Portfolio Grader.
Commercial banking is thriving this week with 100% of stocks in the sector (5 out of 5) currently rating a “buy”. With a grade of B, StellarOne Corporation (STEL) and Citizens Republic Bancorp (CRBC) are buoying the sector. Pacific Capital Bancorp (PCBC) also ranks a solid A.
Aerospace and defense stands out with 74% of the sector’s stocks (31 out of 42) rating a “buy”. With overall grades of A, Huntington Ingalls Industries, Inc. (HII), Alliant Techsystem (ATK) and TASER International, Inc. (TASR) are buoying the sector. Huntington Ingalls Industries, Inc. is performing the best overall in the sector, with a 246.2% increase from 12 months ago.
The biotechnology sector’s track record is proving one of the best with 72% of its stocks (73 out of 101) rating a “buy”. Gentium S.p.A. Sponsored ADR (GENT), Repligen Corporation (RGEN) and Insys Therapeutics, Inc. (INSY) are paving the way for the sector with A grades. Repligen Corporation beats the other stocks in its sector, with a 539.5% increase from a year ago.
Life science is excelling, with 71% of stocks in the sector (17 out of 24) rating a “buy”. Wuxi PharmaTech (Cayman) Inc. Sponsored ADR (WX), Covance (CVD) and Illumina, Inc. (ILMN) are all currently earning A’s. Showing the most overall growth in its sector in the last 12 months, Wuxi PharmaTech (Cayman) Inc. Sponsored ADR is the top stock, with a 219.5% increase.
With 67% of the sector’s stocks (16 out of 24) rating a “buy,” the auto parts sector is one of the strongest. Among auto parts stocks, Dorman Products, Inc. (DORM), Magna International (MGA) and Cooper-Standard Holdings Inc. (CPS) are leading the way with A’s. Magna International is the best performer in this sector, with a 234.1% increase 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.