5 Materials & Construction Stocks Pushing 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 48 points (0.3%) at 16,465 as of Friday, Jan. 17, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,451 issues advancing vs. 1,447 declining with 177 unchanged.

The Materials & Construction industry currently sits up 0.5% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Fluor Corporation ( FLR), up 1.4%, Fastenal Company ( FAST), up 1.3% and Stericycle Incorporated ( SRCL), up 1.0%. On the negative front, top decliners within the industry include PulteGroup ( PHM), down 1.5%, DR Horton ( DHI), down 1.3%, James Hardie Industries ( JHX), down 1.3% and Vulcan Materials Company ( VMC), down 0.8%.

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

5. Foster Wheeler ( FWLT) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Foster Wheeler is up $0.54 (1.8%) to $30.74 on heavy volume. Thus far, 1.4 million shares of Foster Wheeler exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $30.12-$30.80 after having opened the day at $30.31 as compared to the previous trading day's close of $30.20.

Foster Wheeler AG, through its subsidiaries, operates in engineering and construction, as well as power generating equipment businesses worldwide. Foster Wheeler has a market cap of $3.0 billion and is part of the industrial goods sector. The company has a P/E ratio of 22.0, above the S&P 500 P/E ratio of 17.7. Shares are down 8.5% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Foster Wheeler a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Foster Wheeler as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and poor profit margins. Get the full Foster Wheeler Ratings Report now.

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4. As of noon trading, Republic Services ( RSG) is up $0.16 (0.5%) to $32.27 on average volume. Thus far, 825,356 shares of Republic Services exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $32.06-$32.29 after having opened the day at $32.13 as compared to the previous trading day's close of $32.11.

Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, and recycling and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. Republic Services has a market cap of $11.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are down 3.3% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate Republic Services a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Republic Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Republic 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.

3. As of noon trading, Quanta Services ( PWR) is up $0.32 (1.0%) to $31.68 on light volume. Thus far, 444,466 shares of Quanta Services exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $31.28-$31.70 after having opened the day at $31.35 as compared to the previous trading day's close of $31.36.

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 $6.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 19.9, above 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 Thursday. Currently there are 10 analysts who 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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 $0.23 (0.5%) to $43.09 on light volume. Thus far, 741,865 shares of Waste Management exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $42.84-$43.18 after having opened the day at $42.96 as compared to the previous trading day's close of $42.86.

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 $20.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7. Shares are down 4.5% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate 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, solid stock price performance, reasonable valuation levels, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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, Sherwin-Williams Company ( SHW) is up $1.72 (0.9%) to $195.23 on average volume. Thus far, 311,673 shares of Sherwin-Williams Company exchanged hands as compared to its average daily volume of 664,100 shares. The stock has ranged in price between $193.75-$195.55 after having opened the day at $193.94 as compared to the previous trading day's close of $193.51.

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North America, South America, Europe, Asia, and the Caribbean region. Sherwin-Williams Company has a market cap of $19.6 billion and is part of the basic materials sector. The company has a P/E ratio of 28.6, above the S&P 500 P/E ratio of 17.7. Shares are up 5.5% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who rate Sherwin-Williams Company a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Sherwin-Williams Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, good cash flow from operations 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 Sherwin-Williams Company 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 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).

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