This week, the energy services, independent power and renewable electricity producers, metals and mining, water utilities and energy services sectors look weak according to Portfolio Grader.
With 74% of its stocks (125 out of 169) rated “sell,” the reit sector is struggling this week. Out of the reit stocks, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are near the bottom with F’s. Over the last 12 months, Hatteras Financial is the worst performer in this sector, with a 29.9% decline.
The independent power and renewable electricity producers sector is trailing behind others this week, with 70% of its stocks (7 out of 10) rated a “sell”. TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are pushing the sector down with F grades. Overall, TransAlta Corporation is the poorest performer in this sector. Its share price has dropped 56.3% in the last 12 months.
The metals and mining sector is lagging this week with 69% of its stocks (62 out of 90) rated a “sell”. Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) are dragging down the sector overall, each earning a low grade of F. Gold Fields Limited Sponsored ADR is the worst performer in this sector, with a 71.5% decline 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. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is performing worst overall in the sector, with an 87.6% decline over the last 12 months.
The energy services sector is dragging, with 61% of its stocks (41 out of 67) rated a “sell”. Among energy services stocks, McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are lingering near the bottom with grades of F. McDermott International, Inc. is the worst stock in its sector, with the company’s share price falling 75% 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.