The commercial banking, aerospace and defense, biotechnology, auto parts and life science sectors are showing strength this week, according to Portfolio Grader.
With 100% of the sector’s stocks (5 out of 5) rating a “buy,” the commercial banking sector is one of the strongest. Within the commercial banking sector, Pacific Capital Bancorp () and StellarOne Corporation () receive top marks of A’s. Citizens Republic Bancorp () is also getting a B.
Aerospace and defense is excelling, with 74% of stocks in the sector (31 out of 42) rating a “buy”. Huntington Ingalls Industries, Inc. (), Alliant Techsystem () and TASER International, Inc. () are all currently earning A’s.
Biotechnology stands out with 71% of the sector’s stocks (61 out of 86) 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.
The auto parts sector is thriving on Portfolio Grader this week, with 71% of its stocks (17 out of 24) currently rating a “buy”. With overall grades of A, Magna International (), Dorman Products, Inc. () and Cooper-Standard Holdings Inc. () are buoying the sector.
The life science sector’s track record is proving one of the best with 71% of its stocks (17 out of 24) rating a “buy”. Among life science stocks, Wuxi PharmaTech (Cayman) Inc. Sponsored ADR (), Covance () and Illumina, Inc. () are leading the way with A’s.
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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