3 Stocks Driving The Chemicals Industry Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.

The Chemicals industry currently sits down 0.2% versus the S&P 500, which is up 0.4%. A company within the industry that increased today was Potash Corporation of Saskatchewan ( POT), up 1.0%.

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

3. PPG Industries ( PPG) is one of the companies pushing the Chemicals industry higher today. As of noon trading, PPG Industries is up $0.92 (0.6%) to $149.36 on light volume. Thus far, 280,987 shares of PPG Industries exchanged hands as compared to its average daily volume of 826,600 shares. The stock has ranged in price between $147.83-$149.82 after having opened the day at $147.85 as compared to the previous trading day's close of $148.44.

PPG Industries, Inc. operates as a coatings and specialty products company. PPG Industries has a market cap of $20.9 billion and is part of the basic materials sector. The company has a P/E ratio of 19.0, above the S&P 500 P/E ratio of 17.7. Shares are up 8.2% year to date as of the close of trading on Monday. 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.

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2. As of noon trading, Sherwin-Williams Company ( SHW) is up $1.72 (1.0%) to $180.30 on light volume. Thus far, 176,350 shares of Sherwin-Williams Company exchanged hands as compared to its average daily volume of 699,300 shares. The stock has ranged in price between $178.31-$180.84 after having opened the day at $178.31 as compared to the previous trading day's close of $178.58.

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North America, South America, Europe, Asia, and the Caribbean region. Sherwin-Williams Company has a market cap of $18.2 billion and is part of the basic materials sector. The company has a P/E ratio of 29.0, above the S&P 500 P/E ratio of 17.7. Shares are up 14.8% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Sherwin-Williams Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Sherwin-Williams Company as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Sherwin-Williams Company Ratings Report now.

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1. As of noon trading, Monsanto Company ( MON) is up $1.64 (1.7%) to $98.23 on heavy volume. Thus far, 2.8 million shares of Monsanto Company exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $96.50-$98.39 after having opened the day at $96.53 as compared to the previous trading day's close of $96.60.

Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. Monsanto Company has a market cap of $52.7 billion and is part of the basic materials sector. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Monsanto Company a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Monsanto Company 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, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Monsanto Company 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 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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