Waste Management Inc (WM): Today's Featured Industrial Goods Winner

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 Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 1.1%. By the end of trading, Waste Management rose $0.45 (1.1%) to $43.33 on light volume. Throughout the day, 1,086,782 shares of Waste Management exchanged hands as compared to its average daily volume of 2,399,600 shares. The stock ranged in a price between $42.62-$43.37 after having opened the day at $42.72 as compared to the previous trading day's close of $42.88. Other companies within the Industrial Goods sector that increased today were: ARC Group Worldwide ( ARCW), up 16.0%, Clean Diesel Technologies ( CDTI), up 14.7%, Universal Forest Products ( UFPI), up 14.7% and Generac Holdings ( GNRC), up 13.5%.

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 $20.1 billion and is part of the materials & construction industry. Shares are down 4.4% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that 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 increase in stock price during the past year, increase in net income, revenue growth, reasonable valuation levels 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.

On the negative front, China Advanced Construction Materials Group ( CADC), down 27.9%, THT Heat Transfer Technology ( THTI), down 5.2%, Allied Motion Technologies ( AMOT), down 4.8% and Innovative Solutions and Support ( ISSC), down 3.9%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

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

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