3 Materials & Construction Stocks Pushing The 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 7 points (0.0%) at 16,563 as of Tuesday, Aug. 12, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,349 issues advancing vs. 1,605 declining with 179 unchanged.

The Materials & Construction industry currently is unchanged today versus the S&P 500, which is down 0.1%. A company within the industry that increased today was Weyerhaeuser ( WY), up 0.9%. On the negative front, top decliners within the industry include Chicago Bridge & Iron Company ( CBI), down 2.1%, DR Horton ( DHI), down 0.9% and James Hardie Industries ( JHX), down 0.8%.

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

3. MasTec ( MTZ) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, MasTec is up $1.21 (4.3%) to $29.28 on heavy volume. Thus far, 1.9 million shares of MasTec exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $27.97-$30.16 after having opened the day at $27.97 as compared to the previous trading day's close of $28.07.

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for energy, utility, and communications infrastructure primarily in the United States. MasTec has a market cap of $2.1 billion and is part of the industrial goods sector. Shares are down 14.2% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate MasTec a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates MasTec as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and weak operating cash flow. Get the full MasTec Ratings Report now.

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2. As of noon trading, Fastenal ( FAST) is up $0.96 (2.2%) to $45.50 on average volume. Thus far, 1.2 million shares of Fastenal exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $44.29-$45.56 after having opened the day at $44.30 as compared to the previous trading day's close of $44.54.

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 $13.2 billion and is part of the services sector. Shares are down 6.2% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Fastenal a buy, 1 analyst rates it a sell, and 5 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 good cash flow from operations. 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.

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, Sherwin-Williams ( SHW) is up $1.23 (0.6%) to $210.07 on average volume. Thus far, 196,159 shares of Sherwin-Williams exchanged hands as compared to its average daily volume of 511,800 shares. The stock has ranged in price between $208.63-$210.09 after having opened the day at $208.68 as compared to the previous trading day's close of $208.84.

The Sherwin-Williams Company is engaged in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers worldwide. Sherwin-Williams has a market cap of $20.4 billion and is part of the basic materials sector. Shares are up 13.8% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate Sherwin-Williams a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Sherwin-Williams as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Sherwin-Williams 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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