This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here Reducing Manpower

PPG Industries Warns Badly on Fourth Quarter Outlook

PPG Industries (PPG - Get Report) shares are down nearly 5% as the company announced profits for the quarter will come in below current analyst expectations.

Management said the market softness which was seen initially in the U.S. industrial markets has now spread globally. The company sees the biggest weakness specifically in its industrial coatings segment -- including automotive -- and its glass segment, and both were expected to report fourth-quarter losses.

The company now sees fourth quarter EPS in the 35 cents to 45 cents range. This is below consensus estimates of 67 cents.

We have avoided shares of PPG since our early June coverage began, when the stock was trading at $61.23. The company has a 5.11% dividend yield, based on Friday night's closing stock price of 41.46. The stock does have long-term technical support in the $30 to $31 price area. We would like to see shares consolidate at these current levels, before considering if any sort of bottom is in place.

PPG Industries is not recommended at this time, holding a Rating of 3.3 out of 5 stars.

Aaron Rents Shares Dropping Despite Raised Guidance

Aaron Rents (RNT) just announced it is raising its 2009 profit guidance, citing the fact that more consumers are renting rather than buying furniture in this tough economy.

Management now sees 2009 profit of $1.70 to $1.85 per share, up from a prior outlook of $1.65 to $1.80 per share. The consensus estimates are for a profit of $1.74 per share in 2009.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MAN $90.28 0.00%
PPG $105.74 0.00%
SCS $20.00 0.00%
AAPL $118.30 0.00%
FB $104.72 0.46%


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs