3 Materials & Construction Stocks Dragging The Industry Down

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 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Materials & Construction industry currently sits up 0.7% versus the S&P 500, which is up 0.2%. A company within the industry that fell today was MDU Resources Group ( MDU), up 0.7%. Top gainers within the industry include Pike ( PIKE), up 48.6%, Armstrong World Industries ( AWI), up 2.2%, Sherwin-Williams ( SHW), up 0.9% and Weyerhaeuser ( WY), up 0.8%.

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

3. Republic Services ( RSG) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Republic Services is down $0.22 (-0.6%) to $37.56 on light volume. Thus far, 376,312 shares of Republic Services exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $37.51-$37.88 after having opened the day at $37.84 as compared to the previous trading day's close of $37.78.

Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, and recycling and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. Republic Services has a market cap of $13.5 billion and is part of the industrial goods sector. Shares are up 13.8% year-to-date as of the close of trading on Friday. Currently there are 5 analysts that rate Republic Services a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Republic Services 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, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Republic Services 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, Owens-Corning ( OC) is down $0.40 (-1.1%) to $33.86 on light volume. Thus far, 552,917 shares of Owens-Corning exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $33.77-$34.47 after having opened the day at $34.30 as compared to the previous trading day's close of $34.26.

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 $4.0 billion and is part of the industrial goods sector. Shares are down 15.9% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Owens-Corning a buy, no analysts rate it a sell, and 8 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

1. As of noon trading, Fluor ( FLR) is down $0.87 (-1.2%) to $72.38 on average volume. Thus far, 693,902 shares of Fluor exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $71.89-$73.25 after having opened the day at $73.22 as compared to the previous trading day's close of $73.25.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. Fluor has a market cap of $11.6 billion and is part of the industrial goods sector. Shares are down 8.8% year-to-date as of the close of trading on Friday. Currently there are 17 analysts that rate Fluor a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Fluor as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Fluor 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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