McDermott International Inc (MDR): Today's Featured Materials & Construction 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.

McDermott International ( MDR) pushed the Materials & Construction industry higher today making it today's featured materials & construction winner. The industry as a whole closed the day down 0.6%. By the end of trading, McDermott International rose $0.34 (4.3%) to $8.16 on heavy volume. Throughout the day, 9,803,008 shares of McDermott International exchanged hands as compared to its average daily volume of 4,736,300 shares. The stock ranged in a price between $7.76-$8.20 after having opened the day at $7.80 as compared to the previous trading day's close of $7.82. Other companies within the Materials & Construction industry that increased today were: Real Goods Solar ( RGSE), up 24.6%, Real Goods Solar ( RSOL), up 24.6%, Great Lakes Dredge & Dock Corporation ( GLDD), up 3.0% and MagneGas Corporation ( MNGA), up 2.8%.

McDermott International, Inc. operates as an engineering, procurement, construction, and installation (EPCI) company worldwide. The company operates in three segments: Asia Pacific, Atlantic, and the Middle East. It focuses on designing and executing complex offshore oil and gas projects. McDermott International has a market cap of $1.9 billion and is part of the basic materials sector. Currently there are 2 analysts that rate McDermott International a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates McDermott International as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the negative front, Desarrolladora Homex SAB de CV ADR ( HXM), down 8.1%, New Home Company ( NWHM), down 5.9%, India Globalization Capital ( IGC), down 4.7% and Beazer Homes USA ( BZH), down 4.4% , were all laggards within the materials & construction industry with DR Horton ( DHI) being today's materials & construction industry laggard.

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).

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