3 Stocks Pulling The Materials & Construction Industry Downward

TheStreet highlights 3 stocks pushing the wholesale industry lower today.
By TheStreet Wire ,

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 8 points (0.0%) at 18,524 as of Monday, July 18, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,660 issues advancing vs. 1,244 declining with 151 unchanged.

The Materials & Construction industry currently sits up 0.2% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was

Stantec

(

STN

), up 1.3%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3.

Fastenal

(

FAST

) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Fastenal is down $0.30 (-0.7%) to $43.15 on average volume. Thus far, 1.1 million shares of Fastenal exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $43.09-$43.44 after having opened the day at $43.42 as compared to the previous trading day's close of $43.45.

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Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. Fastenal has a market cap of $12.5 billion and is part of the services sector. Shares are up 6.4% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Fastenal a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates

Fastenal

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Fastenal Ratings Report

now.

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2. As of noon trading,

Lennar

(

LEN

) is down $0.26 (-0.5%) to $48.39 on light volume. Thus far, 383,710 shares of Lennar exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $48.36-$48.84 after having opened the day at $48.75 as compared to the previous trading day's close of $48.65.

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Lennar Corporation, together with its subsidiaries, engages in the homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, and Homebuilding Other segments. Lennar has a market cap of $10.7 billion and is part of the industrial goods sector. Shares are down 0.5% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate Lennar a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Lennar

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, attractive valuation levels, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

Lennar Ratings Report

now.

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1. As of noon trading,

Masco

(

MAS

) is down $0.22 (-0.6%) to $33.86 on light volume. Thus far, 1.2 million shares of Masco exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $33.81-$34.21 after having opened the day at $34.18 as compared to the previous trading day's close of $34.08.

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Masco Corporation designs, manufactures, markets, and distributes home improvement and building products in North America and internationally. Masco has a market cap of $11.3 billion and is part of the industrial goods sector. Shares are up 20.4% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Masco a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Masco

as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full

Masco Ratings Report

now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the materials & construction industry could consider

SPDR S&P Homebuilders ETF

(

XHB

) while those bearish on the materials & construction industry could consider

ProShares Short Basic Materials Fd

(

SBM

).

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