Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 54 points (0.4%) at 15,287 as of Friday, May 17, 2013, 12:54 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 899 declining with 140 unchanged. The Basic Materials sector currently sits up 0.3% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Noble Corporation ( NE), up 2.8%, Marathon Petroleum ( MPC), up 2.9%, Continental Resources ( CLR), up 2.6%, ArcelorMittal ( MT), up 2.5% and Noble Energy ( NBL), up 2.1%. On the negative front, top decliners within the sector include Agnico Eagle Mines ( AEM), down 3.82, Franco-Nevada ( FNV), down 3.69, Newmont Mining Corporation ( NEM), down 3.21, Goldcorp ( GG), down 2.50 and Silver Wheaton Corporation ( SLW), down 2.28. TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today: 5. PPG Industries ( PPG) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, PPG Industries is up $1.90 (1.22) to $157.45 on light volume Thus far, 291,168 shares of PPG Industries exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $155.89-$157.74 after having opened the day at $156.71 as compared to the previous trading day's close of $155.55. PPG Industries, Inc. operates as a coatings and specialty products company. PPG Industries has a market cap of $22.3 billion and is part of the chemicals industry. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are up 14.9% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate PPG Industries a buy, no analysts rate it a sell, and 6 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 solid stock price performance, compelling growth in net income, expanding profit margins, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full PPG Industries Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.