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 or Stephanie Link.

Two out of the three major indices are trading lower today with the

Dow Jones Industrial Average

(

^DJI

) trading down 34 points (-0.2%) at 18,106 as of Monday, Feb. 23, 2015, 12:10 PM ET. The NYSE advances/declines ratio sits at 1,298 issues advancing vs. 1,669 declining with 161 unchanged.

The Materials & Construction industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include

Armstrong World Industries

(

AWI

), up 2.7%, and

Weyerhaeuser

(

WY

), up 0.5%. On the negative front, top decliners within the industry include

Boise Cascade

(

BCC

), down 4.2%,

Clean Harbors

(

CLH

), down 1.9%,

Quanta Services

(

PWR

), down 2.2%,

Eagle Materials

(

EXP

), down 1.4% and

Chicago Bridge & Iron Company

(

CBI

), down 1.7%.

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

3.

Trex

(

TREX

) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Trex is up $1.37 (3.1%) to $45.90 on heavy volume. Thus far, 185,878 shares of Trex exchanged hands as compared to its average daily volume of 180,000 shares. The stock has ranged in price between $44.60-$46.24 after having opened the day at $44.65 as compared to the previous trading day's close of $44.53.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Trex Company, Inc. manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. Trex has a market cap of $1.4 billion and is part of the industrial goods sector. Shares are up 4.6% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate Trex a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Trex

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full

Trex Ratings Report

now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading,

Covanta

(

CVA

) is up $0.33 (1.6%) to $21.64 on light volume. Thus far, 357,464 shares of Covanta exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $21.25-$21.64 after having opened the day at $21.30 as compared to the previous trading day's close of $21.31.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in North America. Covanta has a market cap of $2.7 billion and is part of the industrial goods sector. Shares are down 3.2% year-to-date as of the close of trading on Friday. 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

hold

. 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

Covanta Ratings Report

now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading,

Owens-Corning

(

OC

) is up $0.44 (1.1%) to $40.94 on light volume. Thus far, 381,629 shares of Owens-Corning exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $40.41-$40.99 after having opened the day at $40.50 as compared to the previous trading day's close of $40.50.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composite systems; and residential and commercial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. Owens-Corning has a market cap of $4.8 billion and is part of the industrial goods sector. Shares are up 13.1% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate Owens-Corning a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates

Owens-Corning

as a

buy

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Owens-Corning Ratings Report

now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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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