This week, the energy services, water utilities, independent power and renewable electricity producers, metals and mining and energy services sectors look weak according to Portfolio Grader.
The reit sector is dragging, with 80% of its stocks (127 out of 159) rated a “sell”. With an overall grade of F, Hatteras Financial (), DDR Corp. () and Health Care REIT, Inc. () are weighing down the sector. Hatteras Financial is the worst performer in this sector, with a 24.7% decline 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”. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (), SJW Corp. () and Aqua America, Inc. () are all currently earning D’s. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the worst performer in this sector, with an 81.4% decline in the last 12 months.
With 67% of its stocks (6 out of 9) rated “sell,” the independent power and renewable electricity producers sector is struggling this week. TransAlta Corporation (), Empresa Nacional de Electricidad S.A. Sponsored ADR () and Calpine Corporation () are pushing the sector down with F grades. The worst performer in this sector is TransAlta Corporation, which saw its price sink 39% in the last 12 months.
The metals and mining sector looks weak, with 66% of its stocks (61 out of 92) rated a “sell”. Among metals and mining stocks, Newmont Mining Corporation (), Gold Fields Limited Sponsored ADR () and Schnitzer Steel Industries, Inc. Class A () are lingering near the bottom with grades of F. Overall, Gold Fields Limited Sponsored ADR is the poorest performer in this sector. Its share price has dropped 76.5% in the last 12 months.
The energy services sector is trailing behind others this week, with 60% of its stocks (38 out of 63) rated a “sell”. McDermott International, Inc. (), ION Geophysical Corporation () and Tidewater () are dragging down the sector overall, each earning a low grade of F. Over the last 12 months, ION Geophysical Corporation is the worst performer in this sector, with a 26.3% 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.
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