OC, MLM And FAST, Pushing Materials & Construction Industry Downward

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.1%) at 16,720 as of Tuesday, May 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,382 issues advancing vs. 1,595 declining with 161 unchanged.

The Materials & Construction industry currently sits down 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include USG ( USG), down 1.5%, Darling Ingredients ( DAR), down 1.4%, Plum Creek Timber ( PCL), down 0.8% and Sherwin-Williams ( SHW), down 0.6%. Top gainers within the industry include James Hardie Industries ( JHX), up 1.5%, Quanta Services ( PWR), up 0.8%, Waste Management ( WM), up 0.5% and Weyerhaeuser ( WY), up 0.5%.

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

3. Owens-Corning ( OC) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Owens-Corning is down $0.59 (-1.4%) to $40.41 on light volume. Thus far, 392,338 shares of Owens-Corning exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $40.29-$41.18 after having opened the day at $41.02 as compared to the previous trading day's close of $41.00.

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composite systems; and residential and commercial building materials worldwide. It operates in two segments, Composites and Building Materials. Owens-Corning has a market cap of $4.8 billion and is part of the industrial goods sector. Shares are up 0.7% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that rate Owens-Corning a buy, no analysts rate it a sell, and 6 rate it a hold.

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

2. As of noon trading, Martin Marietta Materials ( MLM) is down $1.46 (-1.2%) to $121.02 on light volume. Thus far, 114,250 shares of Martin Marietta Materials exchanged hands as compared to its average daily volume of 721,700 shares. The stock has ranged in price between $120.92-$123.22 after having opened the day at $121.99 as compared to the previous trading day's close of $122.48.

Martin Marietta Materials, Inc., together with its subsidiaries, produces and sells aggregates for the construction industry. The company operates in four segments: Mid-America Group, Southeast Group, West Group, and Specialty Products. Martin Marietta Materials has a market cap of $5.5 billion and is part of the industrial goods sector. Shares are up 22.6% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Martin Marietta Materials a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Martin Marietta Materials as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Martin Marietta Materials 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, Fastenal ( FAST) is down $0.72 (-1.5%) to $48.47 on light volume. Thus far, 564,423 shares of Fastenal exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $48.30-$49.14 after having opened the day at $48.87 as compared to the previous trading day's close of $49.19.

Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners and other industrial and construction supplies under the Fastenal name. Fastenal has a market cap of $14.3 billion and is part of the services sector. Shares are up 3.5% year-to-date as of the close of trading on Monday. Currently there are 3 analysts that rate Fastenal a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Fastenal 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, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Fastenal 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).

null

More from Markets

Online Retailers Hit by Supreme Court Ruling Requiring Sales Tax Collection

Online Retailers Hit by Supreme Court Ruling Requiring Sales Tax Collection

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

Stocks Tumble as Dow Heads for Eighth Straight Drop

Stocks Tumble as Dow Heads for Eighth Straight Drop

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

Video: Jim Cramer on Netflix, Disney, Intel, Micron and Goldman Sachs

Video: Jim Cramer on Netflix, Disney, Intel, Micron and Goldman Sachs