The commercial banking, aerospace and defense, biotechnology, life science and auto parts sectors are having a strong week, according to Portfolio Grader.
The commercial banking sector’s track record is proving one of the best with 100% of its stocks (5 out of 5) rating a “buy”. Near the top of their sector, Pacific Capital Bancorp () and StellarOne Corporation () have A ratings. Citizens Republic Bancorp () also gets a B.
Aerospace and defense stands out with 74% of the sector’s stocks (31 out of 42) rating a “buy”. Alliant Techsystem (), Huntington Ingalls Industries, Inc. () and TASER International, Inc. () are paving the way for the sector with A grades. Over the last 12 months, Huntington Ingalls Industries, Inc. is the best performer in this sector, with a 216.2% increase.
Biotechnology is excelling, with 71% of stocks in the sector (60 out of 84) rating a “buy”. Gentium S.p.A. Sponsored ADR (), Repligen Corporation () and Insys Therapeutics, Inc. () are lifting the sector overall, each earning a high grade of A. Insys Therapeutics, Inc. is the best performer in this sector, with a 630.8% increase in the last 12 months.
The life science sector is thriving on Portfolio Grader this week, with 70% of its stocks (16 out of 23) currently rating a “buy”. Wuxi PharmaTech (Cayman) Inc. Sponsored ADR (), Covance () and Illumina, Inc. () are all currently earning A’s. Wuxi PharmaTech (Cayman) Inc. Sponsored ADR beats the other stocks in its sector, with a 244.6% increase from a year ago.
Auto parts is thriving this week with 68% of stocks in the sector (17 out of 25) currently rating a “buy”. Out of the auto parts stocks, Magna International (), Dorman Products, Inc. () and Cooper-Standard Holdings Inc. () are out front with A’s. Showing the most overall growth in its sector in the last 12 months, Magna International is the top stock, with a 201.6% increase.
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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