5 Materials & Construction Stocks Moving The Industry Upward

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 127 points (0.8%) at 15,307 as of Tuesday, June 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Materials & Construction industry currently sits up 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the industry include EMCOR Group ( EME), up 5.6%, McDermott International ( MDR), up 3.1%, MasTec ( MTZ), up 3.1%, Rayonier ( RYN), up 1.4% and Quanta Services ( PWR), up 1.2%. A company within the industry that fell today was James Hardie Industries ( JHX), up 2.43.

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

5. Waste Management ( WM) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Waste Management is up $0.26 (0.64) to $40.71 on light volume Thus far, 543,776 shares of Waste Management exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $40.40-$40.74 after having opened the day at $40.54 as compared to the previous trading day's close of $40.45.

Waste Management, Inc. provides waste management services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling and resource recovery, and disposal services. Waste Management has a market cap of $18.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 22.7, above the S&P 500 P/E ratio of 17.7. Shares are up 19.9% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates 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 revenue growth, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Waste Management Ratings Report now.

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