3 Chemicals Stocks Dragging The Industry Down

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.1%) at 15,403 as of Monday, Aug. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,506 issues advancing vs. 1,423 declining with 115 unchanged.

The Chemicals industry currently sits up 0.4% versus the S&P 500, which is down 0.2%. A company within the industry that fell today was Dow Chemical ( DOW), up 0.6%.

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

3. PPG Industries ( PPG) is one of the companies pushing the Chemicals industry lower today. As of noon trading, PPG Industries is down $0.95 (-0.6%) to $160.74 on average volume. Thus far, 364,508 shares of PPG Industries exchanged hands as compared to its average daily volume of 671,900 shares. The stock has ranged in price between $160.27-$161.91 after having opened the day at $161.02 as compared to the previous trading day's close of $161.69.

PPG Industries, Inc. operates as a coatings and specialty products company. PPG Industries has a market cap of $23.1 billion and is part of the basic materials sector. Shares are up 19.5% year to date as of the close of trading on Friday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full PPG Industries Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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