4 Materials & Construction Stocks Driving The Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 27 points (0.2%) at 15,548 as of Wednesday, July 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,364 issues advancing vs. 1,544 declining with 117 unchanged.

The Materials & Construction industry currently sits up 0.6% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Fastenal Company ( FAST), up 1.4%, and Cemex S.A.B. de C.V ( CX), up 1.1%. A company within the industry that fell today was Aegion ( AEGN), up 5.5%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. Progressive Waste Solutions ( BIN) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Progressive Waste Solutions is up $0.79 (3.4%) to $23.85 on average volume. Thus far, 136,641 shares of Progressive Waste Solutions exchanged hands as compared to its average daily volume of 183,300 shares. The stock has ranged in price between $23.03-$23.89 after having opened the day at $23.09 as compared to the previous trading day's close of $23.06.

Progressive Waste Solutions Ltd. operates as a vertically integrated non-hazardous solid waste management company in North America. It operates through three segments: Canada, the U.S. south, and the U.S. northeast. Progressive Waste Solutions has a market cap of $2.6 billion and is part of the industrial goods sector. Shares are up 6.8% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Progressive Waste Solutions a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Progressive Waste Solutions as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Progressive Waste Solutions Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Quanta Services ( PWR) is up $0.39 (1.5%) to $26.94 on light volume. Thus far, 630,380 shares of Quanta Services exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $26.50-$26.99 after having opened the day at $26.62 as compared to the previous trading day's close of $26.55.

Quanta Services, Inc. provides specialty contracting services and infrastructure solutions in North America and internationally. It operates in three segments: Electric Power Infrastructure Services; Natural Gas and Pipeline Infrastructure Services; and Fiber Optic Licensing and Other. Quanta Services has a market cap of $5.6 billion and is part of the industrial goods sector. Shares are down 2.6% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Quanta Services a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Quanta Services as a buy. 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, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Quanta Services Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Waste Management ( WM) is up $0.32 (0.8%) to $42.04 on average volume. Thus far, 787,900 shares of Waste Management exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $41.79-$42.24 after having opened the day at $41.88 as compared to the previous trading day's close of $41.72.

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 $19.5 billion and is part of the industrial goods sector. Shares are up 23.7% year to date as of the close of trading on Tuesday. 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 solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Waste Management Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Fluor Corporation ( FLR) is up $2.08 (3.4%) to $62.81 on heavy volume. Thus far, 1.3 million shares of Fluor Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $60.90-$63.40 after having opened the day at $60.90 as compared to the previous trading day's close of $60.73.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, maintenance, and project management services worldwide. The company operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services, and Power. Fluor Corporation has a market cap of $9.8 billion and is part of the industrial goods sector. Shares are up 3.4% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Fluor Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Fluor Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Fluor Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 4 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).

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing