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

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.

Waste Management ( WM) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Waste Management fell $0.54 (-1.3%) to $41.58 on average volume. Throughout the day, 1,411,748 shares of Waste Management exchanged hands as compared to its average daily volume of 1,835,200 shares. The stock ranged in price between $41.50-$42.04 after having opened the day at $42.04 as compared to the previous trading day's close of $42.12. Other companies within the Materials & Construction industry that declined today were: Industrial Services of America ( IDSA), down 6.4%, Skyline Corporation ( SKY), down 5.7%, India Globalization Capital ( IGC), down 5.2% and Pure Cycle Corporation ( PCYO), down 4.6%.

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 $19.4 billion and is part of the industrial goods sector. Shares are up 24.9% 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, solid stock price performance, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Veolia Environnement ( VE), up 7.3%, Caesarstone Sdot-Yam ( CSTE), up 3.8%, Perma-Fix Environmental Services ( PESI), up 3.6% and China Recycling Energy Corporation ( CREG), up 2.9% , were all gainers within the materials & construction industry with Owens-Corning ( OC) being today's featured materials & construction industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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