3 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 115 points (0.7%) at 16,388 as of Friday, Feb. 28, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,987 issues advancing vs. 938 declining with 158 unchanged.

The Materials & Construction industry currently sits up 0.4% versus the S&P 500, which is up 0.6%. Top gainers within the industry include James Hardie Industries ( JHX), up 3.4%, Waste Connections ( WCN), up 1.9%, Chicago Bridge & Iron Company ( CBI), up 1.4% and Sherwin-Williams Company ( SHW), up 0.8%. On the negative front, top decliners within the industry include Plum Creek Timber ( PCL), down 0.8%, Lennar Corporation ( LEN), down 0.7% and Cemex S.A.B. de C.V ( CX), down 0.5%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Quanta Services ( PWR) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Quanta Services is up $0.37 (1.1%) to $35.38 on light volume. Thus far, 359,531 shares of Quanta Services exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $34.86-$35.52 after having opened the day at $35.01 as compared to the previous trading day's close of $35.01.

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 $7.4 billion and is part of the industrial goods sector. Shares are up 10.9% year-to-date as of the close of trading on Thursday. Currently there are 9 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, solid stock price performance, 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.

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2. As of noon trading, Republic Services ( RSG) is up $0.40 (1.2%) to $33.83 on light volume. Thus far, 491,123 shares of Republic Services exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $33.47-$33.94 after having opened the day at $33.48 as compared to the previous trading day's close of $33.43.

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 $12.1 billion and is part of the industrial goods sector. Shares are up 0.7% 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 growth in earnings per share, increase in net income, revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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.

1. As of noon trading, Waste Management ( WM) is up $0.57 (1.4%) to $41.15 on average volume. Thus far, 908,561 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 $40.55-$41.20 after having opened the day at $40.60 as compared to the previous trading day's close of $40.58.

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 $19.0 billion and is part of the industrial goods sector. Shares are down 9.6% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Waste Management a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Waste Management as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. 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.

If you are interested in one of these 3 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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