3 Stocks Pushing The Materials & Construction Industry Downward

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 8 points (0.0%) at 17,223 as of Tuesday, Oct. 20, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,678 issues advancing vs. 1,268 declining with 204 unchanged.

The Materials & Construction industry currently sits up 0.4% versus the S&P 500, which is up 1657.1%. A company within the industry that fell today was Weyerhaeuser ( WY), up 0.5%. Top gainers within the industry include Covanta ( CVA), up 5.3%, Quanta Services ( PWR), up 3.2%, Lennar ( LEN), up 2.3%, DR Horton ( DHI), up 1.8% and Owens-Corning ( OC), up 1.9%.

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

3. Progressive Waste Solutions ( BIN) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Progressive Waste Solutions is down $4.73 (-17.5%) to $22.34 on heavy volume. Thus far, 2.1 million shares of Progressive Waste Solutions exchanged hands as compared to its average daily volume of 180,800 shares. The stock has ranged in price between $20.81-$23.78 after having opened the day at $22.27 as compared to the previous trading day's close of $27.07.

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Progressive Waste Solutions Ltd. operates as a vertically integrated non-hazardous solid waste management company in North America. It operates through Canada, the U.S. Northeast, and the U.S. South segments. Progressive Waste Solutions has a market cap of $3.0 billion and is part of the industrial goods sector. Shares are down 10.0% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Progressive Waste Solutions a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Progressive Waste Solutions as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow. Get the full Progressive Waste Solutions Ratings Report now.

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2. As of noon trading, Stericycle ( SRCL) is down $0.86 (-0.6%) to $149.98 on light volume. Thus far, 123,870 shares of Stericycle exchanged hands as compared to its average daily volume of 770,700 shares. The stock has ranged in price between $149.83-$151.57 after having opened the day at $150.91 as compared to the previous trading day's close of $150.84.

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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 $12.7 billion and is part of the industrial goods sector. Shares are up 15.1% year-to-date as of the close of trading on Monday. Currently there are 10 analysts that rate Stericycle a buy, no analysts rate it a sell, and 3 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, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Stericycle Ratings Report now.

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1. As of noon trading, Sherwin-Williams ( SHW) is down $3.37 (-1.4%) to $239.50 on average volume. Thus far, 413,176 shares of Sherwin-Williams exchanged hands as compared to its average daily volume of 973,300 shares. The stock has ranged in price between $239.28-$243.72 after having opened the day at $242.76 as compared to the previous trading day's close of $242.87.

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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America. Sherwin-Williams has a market cap of $22.7 billion and is part of the basic materials sector. Shares are down 7.7% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Sherwin-Williams a buy, no analysts rate 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, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. We feel its 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.

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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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