3 Stocks Boosting The Materials & Construction Industry Higher

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 16,511 as of Wednesday, April 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,280 declining with 133 unchanged.

The Materials & Construction industry currently sits down 0.9% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Clean Harbors ( CLH), up 1.9%, and Weyerhaeuser ( WY), up 0.7%. On the negative front, top decliners within the industry include Meritage Homes ( MTH), down 8.7%, Owens-Corning ( OC), down 3.1%, USG ( USG), down 1.6%, James Hardie Industries ( JHX), down 1.2% and Chicago Bridge & Iron Company ( CBI), down 1.1%.

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

3. Stericycle ( SRCL) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Stericycle is up $1.51 (1.4%) to $113.14 on average volume. Thus far, 316,566 shares of Stericycle exchanged hands as compared to its average daily volume of 470,100 shares. The stock has ranged in price between $111.56-$113.88 after having opened the day at $111.85 as compared to the previous trading day's close of $111.63.

Stericycle, Inc., together with its subsidiaries, provides regulated and compliance solutions to the healthcare and commercial businesses. The company collects and processes specialized waste for disposal services. Stericycle has a market cap of $9.5 billion and is part of the industrial goods sector. Shares are down 3.9% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Stericycle a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Stericycle 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, notable return on equity, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Stericycle Ratings Report now.

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