3 Stocks Driving The Materials & Construction 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 60 points (0.4%) at 16,517 as of Tuesday, April 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,859 issues advancing vs. 1,154 declining with 141 unchanged.

The Materials & Construction industry currently sits up 0.4% versus the S&P 500, which is up 0.4%. Top gainers within the industry include Masco Corporation ( MAS), up 1.8%, USG ( USG), up 1.8% and Owens-Corning ( OC), up 1.3%. A company within the industry that fell today was James Hardie Industries ( JHX), up 1.5%.

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

3. PulteGroup ( PHM) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, PulteGroup is up $0.40 (2.1%) to $19.59 on light volume. Thus far, 2.5 million shares of PulteGroup exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $19.10-$19.69 after having opened the day at $19.25 as compared to the previous trading day's close of $19.19.

PulteGroup, Inc., through its subsidiaries, engages in homebuilding and financial services businesses primarily in the United States. PulteGroup has a market cap of $7.2 billion and is part of the industrial goods sector. Shares are down 5.8% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate PulteGroup a buy, 4 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates PulteGroup as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full PulteGroup Ratings Report now.

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2. As of noon trading, DR Horton ( DHI) is up $0.51 (2.4%) to $22.16 on light volume. Thus far, 1.8 million shares of DR Horton exchanged hands as compared to its average daily volume of 7.0 million shares. The stock has ranged in price between $21.67-$22.30 after having opened the day at $21.75 as compared to the previous trading day's close of $21.65.

D.R. Horton, Inc. operates as a homebuilding company. It is engaged in the acquisition and development of land; and construction and sale of residential homes in 27 states and 78 markets in the United States under the D.R. Horton, America's Builder, Emerald Homes, and Breland Homes. DR Horton has a market cap of $7.0 billion and is part of the industrial goods sector. Shares are down 3.0% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate DR Horton a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates DR Horton as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full DR Horton 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, Lennar Corporation ( LEN) is up $0.79 (2.0%) to $40.41 on light volume. Thus far, 1.2 million shares of Lennar Corporation exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $39.54-$40.67 after having opened the day at $39.65 as compared to the previous trading day's close of $39.62.

Lennar Corporation, together with its subsidiaries, is engaged in homebuilding activities in the United States. Lennar Corporation has a market cap of $6.9 billion and is part of the industrial goods sector. Shares are up 0.1% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Lennar Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Lennar Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Lennar Corporation 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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