5 Stocks Pushing The Materials & Construction Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.

The Materials & Construction industry currently sits up 0.4% versus the S&P 500, which is up 0.0%. Top gainers within the industry include Griffon Corporation ( GFF), up 7.2%, McDermott International ( MDR), up 2.4%, James Hardie Industries ( JHX), up 1.9%, Masco Corporation ( MAS), up 1.2% and Lennar Corporation ( LEN), up 1.5%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Stericycle Incorporated ( SRCL) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Stericycle Incorporated is up $0.60 (0.7%) to $91.14 on light volume Thus far, 105,503 shares of Stericycle Incorporated exchanged hands as compared to its average daily volume of 424,600 shares. The stock has ranged in price between $90.38-$91.39 after having opened the day at $90.47 as compared to the previous trading day's close of $90.54.

Stericycle, Inc., together with its subsidiaries, provides regulated waste management and related services. Stericycle Incorporated has a market cap of $7.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 29.8, above the S&P 500 P/E ratio of 17.7. Shares are up 16.2% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Stericycle Incorporated a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Stericycle Incorporated as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Stericycle Incorporated Ratings Report now.

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4. As of noon trading, Chicago Bridge & Iron Company ( CBI) is up $0.43 (1.1%) to $38.98 on light volume Thus far, 440,714 shares of Chicago Bridge & Iron Company exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $38.55-$39.32 after having opened the day at $38.73 as compared to the previous trading day's close of $38.55.

Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, construction, and commissioning services to energy and natural resource industries worldwide. Chicago Bridge & Iron Company has a market cap of $3.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are down 0.6% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Chicago Bridge & Iron Company a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Chicago Bridge & Iron Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Chicago Bridge & Iron Company Ratings Report now.

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3. As of noon trading, Louisiana-Pacific ( LPX) is up $0.39 (2.3%) to $17.32 on light volume Thus far, 1.3 million shares of Louisiana-Pacific exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $16.95-$17.52 after having opened the day at $16.96 as compared to the previous trading day's close of $16.93.

Louisiana-Pacific Corporation, together with its subsidiaries, engages in manufacturing and distributing building products for new home construction, repair and remodeling, manufactured housing, and light industrial and commercial construction. Louisiana-Pacific has a market cap of $2.3 billion and is part of the industrial goods sector. The company has a P/E ratio of -30.1, below the S&P 500 P/E ratio of 17.7. Shares are up 105.1% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Louisiana-Pacific a buy, 4 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Louisiana-Pacific as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Louisiana-Pacific Ratings Report now.

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2. As of noon trading, Owens Corning Incorporated ( OC) is up $0.37 (1.1%) to $33.64 on light volume Thus far, 455,254 shares of Owens Corning Incorporated exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $33.15-$34.05 after having opened the day at $33.33 as compared to the previous trading day's close of $33.27.

Owens Corning engages in the provision of composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. Owens Corning Incorporated has a market cap of $3.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 45.4, above the S&P 500 P/E ratio of 17.7. Shares are up 13.8% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Owens Corning Incorporated a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Owens Corning Incorporated as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Owens Corning Incorporated Ratings Report now.

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1. As of noon trading, Waste Management ( WM) is up $0.22 (0.7%) to $32.04 on average volume Thus far, 1.3 million shares of Waste Management exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $31.70-$32.10 after having opened the day at $31.85 as compared to the previous trading day's close of $31.82.

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 $14.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are down 2.7% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Waste Management a buy, 3 analysts rate it a sell, and 6 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 reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Waste Management Ratings Report now.

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If you are interested in one of these 5 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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