5 Worst Sectors to Avoid This Week

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For the week, the worst sectors according to Portfolio Grader are the reit, metals and mining, water utilities, independent power and renewable electricity producers and energy services sectors.

The reit sector looks weak, with 81% of its stocks (126 out of 156) rated a “sell”. Hatteras Financial (), DDR Corp. () and Health Care REIT, Inc. () are pushing the sector down with F grades. Hatteras Financial is the worst performer in this sector, with a 27.5% decline in the last 12 months.

The metals and mining sector is trailing behind others this week, with 67% of its stocks (61 out of 91) rated a “sell”. Newmont Mining Corporation (), Gold Fields Limited Sponsored ADR () and Schnitzer Steel Industries, Inc. Class A () are all currently earning F’s. Gold Fields Limited Sponsored ADR is performing worst overall in the sector, with a 72.1% decline over the last 12 months.

With 67% of its stocks (4 out of 6) rated “sell,” the water utilities sector is struggling this week. With an overall grade of D, Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (), SJW Corp. () and Aqua America, Inc. () are weighing down the sector. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the worst performer in this sector, with an 81.1% decline in the last 12 months.

The independent power and renewable electricity producers sector is lagging this week with 67% of its stocks (6 out of 9) rated a “sell”. Out of the independent power and renewable electricity producers stocks, TransAlta Corporation (), Empresa Nacional de Electricidad S.A. Sponsored ADR () and Calpine Corporation () are near the bottom with F’s. TransAlta Corporation is the worst stock in its sector, with the company’s share price falling 38.6% in the last 12 months.

The energy services sector is dragging, with 60% of its stocks (38 out of 63) rated a “sell”. Among energy services stocks, McDermott International, Inc. (), ION Geophysical Corporation () and Tidewater () are lingering near the bottom with grades of F. Over the last 12 months, ION Geophysical Corporation is the worst performer in this sector, with a 26.7% 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.