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 looks weak, with 73% of its stocks (124 out of 169) rated a “sell”. Out of the reit stocks, Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are near the bottom with F’s. Overall, Hatteras Financial is the poorest performer in this sector. Its share price has dropped 28.9% in the last 12 months.
With 69% of its stocks (62 out of 90) 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 dragging down the sector overall, each earning a low grade of F. Over the last 12 months, Gold Fields Limited Sponsored ADR is the worst performer in this sector, with a 72.7% decline.
The water utilities sector is trailing behind others this week, 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. The worst performer in this sector is Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR, which saw its price sink 86.6% in the last 12 months.
The energy services sector is dragging, with 61% of its stocks (40 out of 66) 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 63.9% in the last 12 months.
The independent power and renewable electricity producers sector is lagging this week with 60% of its stocks (6 out of 10) rated a “sell”. With an overall grade of F, TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are weighing down the sector. TransAlta Corporation is the worst performer in this sector, with a 50.9% decline 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.