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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