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

Dow Jones Industrial Average

(

^DJI

) trading up 22 points (0.1%) at 18,013 as of Wednesday, April 27, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,726 issues advancing vs. 1,184 declining with 169 unchanged.

The Materials & Construction industry currently is unchanged today versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include

Masco

(

MAS

), down 0.7%, and

Sherwin-Williams

(

SHW

), down 0.6%.

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

3.

Covanta

(

CVA

) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Covanta is down $0.59 (-3.5%) to $16.10 on heavy volume. Thus far, 1.6 million shares of Covanta exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $15.77-$16.44 after having opened the day at $16.44 as compared to the previous trading day's close of $16.69.

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Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. The company owns and operates infrastructure for the conversion of waste to energy. Covanta has a market cap of $2.2 billion and is part of the industrial goods sector. Shares are up 7.8% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Covanta a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Covanta

as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and generally higher debt management risk. Get the full

Covanta Ratings Report

now.

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2. As of noon trading,

Owens-Corning

(

OC

) is down $3.12 (-6.0%) to $48.59 on heavy volume. Thus far, 3.2 million shares of Owens-Corning exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $47.61-$51.52 after having opened the day at $51.26 as compared to the previous trading day's close of $51.71.

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Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential and commercial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. Owens-Corning has a market cap of $6.0 billion and is part of the industrial goods sector. Shares are up 9.9% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Owens-Corning a buy, no analysts rate it a sell, and 6 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and attractive valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full

Owens-Corning Ratings Report

now.

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1. As of noon trading,

Waste Management

(

WM

) is down $0.43 (-0.8%) to $56.10 on heavy volume. Thus far, 3.0 million shares of Waste Management exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $56.08-$56.76 after having opened the day at $56.59 as compared to the previous trading day's close of $56.53.

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Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. Waste Management has a market cap of $25.1 billion and is part of the industrial goods sector. Shares are up 5.9% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Waste Management a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates

Waste Management

as a

buy

. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, reasonable valuation levels 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

Waste Management 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

SPDR S&P Homebuilders ETF

(

XHB

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

ProShares Short Basic Materials Fd

(

SBM

).