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PPG Industries Inc. (PPG): Today's Featured Chemicals Loser

PPG Industries (PPG) pushed the Chemicals industry lower today making it today's featured Chemicals loser. The industry as a whole closed the day down 0.4%. By the end of trading, PPG Industries fell $1.24 (-1.2%) to $100.90 on average volume. Throughout the day, 1.3 million shares of PPG Industries exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in price between $99.83-$102.20 after having opened the day at $102.16 as compared to the previous trading day's close of $102.14. Other company's within the Chemicals industry that declined today were: Gulf Resources (GURE), down 6%, Valhi Incorporated (VHI), down 6%, Huntsman Corporation (HUN), down 5.7%, and Green Plains Renewable Energy (GPRE), down 5.7%.

PPG Industries, Inc. manufactures and supplies protective and decorative coatings. PPG Industries has a market cap of $15.74 billion and is part of the basic materials sector. The company has a P/E ratio of 19, above the average chemicals industry P/E ratio of 18.6 and above the S&P 500 P/E ratio of 17.7. Shares are up 23.8% year to date as of the close of trading on Tuesday. Currently there are nine analysts that rate PPG Industries a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates PPG Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Cereplast (CERP), up 9.6%, American Pacific Corporation (APFC), up 7.1%, Solazyme (SZYM), up 6.9%, and Intrepid Potash (IPI), up 4.5%, were all gainers within the chemicals industry with Monsanto Company (MON) being today's featured chemicals industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR (XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd (SBM).

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