3 Stocks Dragging The Materials & Construction Industry Downward

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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%. A company within the industry that fell today was James Hardie Industries ( JHX), up 1.9%. Top gainers within the industry include Masco Corporation ( MAS), up 2.3%, USG ( USG), up 1.8% and Owens-Corning ( OC), up 1.5%.

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

3. Clean Harbors ( CLH) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Clean Harbors is down $1.56 (-2.9%) to $53.23 on heavy volume. Thus far, 680,626 shares of Clean Harbors exchanged hands as compared to its average daily volume of 812,600 shares. The stock has ranged in price between $52.68-$53.99 after having opened the day at $53.75 as compared to the previous trading day's close of $54.79.

Clean Harbors, Inc. provides environmental, energy, and industrial services primarily in the United States, Puerto Rico, and Canada. Clean Harbors has a market cap of $3.3 billion and is part of the industrial goods sector. Shares are down 8.6% year-to-date as of the close of trading on Monday. Currently there are 8 analysts that rate Clean Harbors a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Clean Harbors as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Clean Harbors Ratings Report now.

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2. As of noon trading, Waste Management ( WM) is down $0.29 (-0.7%) to $41.78 on average volume. Thus far, 960,775 shares of Waste Management exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $41.75-$42.21 after having opened the day at $42.12 as compared to the previous trading day's close of $42.07.

Waste Management, Inc. provides waste management environmental 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 $19.1 billion and is part of the industrial goods sector. Shares are down 6.2% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that 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.

STOCKS TO BUY: 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, Fluor Corporation ( FLR) is down $0.56 (-0.7%) to $77.17 on light volume. Thus far, 490,665 shares of Fluor Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $76.95-$78.02 after having opened the day at $77.73 as compared to the previous trading day's close of $77.73.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. Fluor Corporation has a market cap of $12.2 billion and is part of the industrial goods sector. Shares are down 3.2% year-to-date as of the close of trading on Monday. Currently there are 14 analysts that rate Fluor Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Fluor Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Fluor Corporation Ratings Report now.

STOCKS TO BUY: 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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