The

materials & construction

industry closed the day up 1.9%.

US Concrete Inc

(

USCR

),

Continental Materials Corporation

(

CUO

),

Real Goods Solar Inc

(

RSOL

), and

Jewett-Cameron Trading Company

(

JCTCF

) were all decliners today within the materials & construction industry with

Progressive Waste Solutions

(

BIN

) being today's featured materials & construction loser. Progressive Waste Solutions fell $1.48 (-6.4%) to $21.52 on heavy volume. Throughout the day, 1.2 million shares of Progressive Waste Solutions exchanged hands as compared to its average daily volume of 472,500 shares.

Progressive Waste Solutions Ltd. operates as a vertically integrated waste management company in North America. The company provides non-hazardous solid waste collection and landfill disposal services to commercial, industrial, municipal, and residential customers. Progressive Waste Solutions has a market cap of $2.8 billion and is part of the

industrial goods

sector. The company has a P/E ratio of 26.6, below the average materials & construction industry P/E ratio of 26.9 and above the S&P 500 P/E ratio of 17.7. Shares are down 5.3% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Progressive Waste as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself.

On the positive front,

Owens Corning Incorporated

(

OC

),

China Infrastructure Investment Corporation

(

CIIC

),

Nobility Homes Inc

(

NOBH

), and

Standard Pacific

(

SPF

) were all gainers within the materials & construction industry with

Waste Management Inc

(

WM

) being today's featured materials & construction industry winner.

For investors not wanting singular stock exposure, 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

).

null