Waste Management Inc (WM): Today's Featured Materials & Construction Loser

Waste Management ( WM) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction loser. The industry as a whole closed the day down 1.3%. By the end of trading, Waste Management fell 21 cents (-0.7%) to $32.16 on average volume. Throughout the day, 4.4 million shares of Waste Management exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in price between $31.93-$32.42 after having opened the day at $32.26 as compared to the previous trading day's close of $32.37. Other company's within the Materials & Construction industry that declined today were: PGT ( PGTI), down 11.5%, Gafisa ( GFA), down 5.8%, Goldfield ( GV), down 5.8%, and Foster Wheeler ( FWLT), down 5.3%.

Waste Management, Inc., through its subsidiaries, provides waste management services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling, and disposal services. Waste Management has a market cap of $15.01 billion and is part of the industrial goods sector. The company has a P/E ratio of 16, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 1% year to date as of the close of trading on Friday. Currently there are no analysts that rate Waste Management a buy, one analyst rates it a sell, and six 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 revenue growth, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Skyline Corporation ( SKY), up 7.6%, India Globalization Capital ( IGC), up 7.2%, Cemex S.A.B. de C.V ( CX), up 7.2%, and NCI Building Systems ( NCS), up 5.9%, were all gainers within the materials & construction industry with Lennar Corporation ( LEN) 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).
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