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 dragging, with 74% of its stocks (125 out of 169) rated a “sell”. Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are all currently earning F’s. Hatteras Financial is performing worst overall in the sector, with a 30.6% decline over the last 12 months.
The metals and mining sector is trailing behind others this week, with 69% of its stocks (62 out of 90) rated a “sell”. Out of the metals and mining stocks, Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) are near the bottom with F’s. The worst performer in this sector is Gold Fields Limited Sponsored ADR, which saw its price sink 71.7% 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 pushing the sector down with D grades. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the worst performer in this sector, with an 87.3% decline in the last 12 months.
The energy services sector is lagging this week with 61% of its stocks (40 out of 66) rated a “sell”. With an overall grade of F, McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are weighing down the sector. Over the last 12 months, McDermott International, Inc. is the worst performer in this sector, with a 71.1% decline.
With 60% of its stocks (6 out of 10) rated “sell,” the independent power and renewable electricity producers sector is struggling this week. 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. Overall, TransAlta Corporation is the poorest performer in this sector. Its share price has dropped 54.7% 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.