Materials & Construction Stocks On The Rise With Help From 3 Stocks
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 123 points (-0.7%) at 17,854 as of Tuesday, March 17, 2015, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,105 issues advancing vs. 1,894 declining with 134 unchanged.
The Materials & Construction industry currently sits up 0.1% versus the S&P 500, which is down 0.4%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Covanta is up $0.91 (4.3%) to $22.15 on heavy volume. Thus far, 781,389 shares of Covanta exchanged hands as compared to its average daily volume of 970,900 shares. The stock has ranged in price between $21.28-$22.16 after having opened the day at $21.31 as compared to the previous trading day's close of $21.24.
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Covanta Holding Corporation provides waste and energy services to municipal entities primarily worldwide. It owns and operates infrastructure for the conversion of waste to energy, as well as engages in other waste disposal and renewable energy production businesses. Covanta has a market cap of $2.8 billion and is part of the industrial goods sector. Shares are down 3.5% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Covanta a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Covanta
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
2. As of noon trading,
(
) is up $0.59 (1.4%) to $41.94 on heavy volume. Thus far, 4.1 million shares of Fastenal exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $41.07-$42.36 after having opened the day at $41.07 as compared to the previous trading day's close of $41.36.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. Fastenal has a market cap of $12.1 billion and is part of the services sector. Shares are down 13.1% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate Fastenal a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Fastenal
as a
. 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, notable return on equity, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
1. As of noon trading,
(
) is up $0.08 (0.8%) to $9.62 on average volume. Thus far, 6.1 million shares of Cemex SAB de CV exchanged hands as compared to its average daily volume of 14.8 million shares. The stock has ranged in price between $9.55-$9.70 after having opened the day at $9.57 as compared to the previous trading day's close of $9.54.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
CEMEX, S.A.B. de C.V., through its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, clinker, aggregates, and other construction materials for home construction and concrete pavement applications. Cemex SAB de CV has a market cap of $11.5 billion and is part of the industrial goods sector. Shares are down 6.4% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate Cemex SAB de CV a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Cemex SAB de CV
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full
Cemex SAB de CV Ratings Report
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
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
(
) while those bearish on the materials & construction industry could consider
ProShares Short Basic Materials Fd
(
).
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