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. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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.