PPG Industries Inc. (PPG): Today's Featured Basic Materials Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

PPG Industries ( PPG) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.3%. By the end of trading, PPG Industries rose $2.01 (1.2%) to $166.65 on light volume. Throughout the day, 456,176 shares of PPG Industries exchanged hands as compared to its average daily volume of 624,700 shares. The stock ranged in a price between $164.79-$166.96 after having opened the day at $164.79 as compared to the previous trading day's close of $164.64. Other companies within the Basic Materials sector that increased today were: KiOR ( KIOR), up 57.9%, Andatee China Marine Fuel Services Corporat ( AMCF), up 37.0%, Kingold Jewelry ( KGJI), up 25.4% and Cardero Resources Corporation ( CDY), up 18.1%.

PPG Industries, Inc. operates as a coatings and specialty products company. PPG Industries has a market cap of $23.4 billion and is part of the chemicals industry. Shares are up 20.8% year to date as of the close of trading on Wednesday. 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.

On the negative front, Vista Gold Corporation ( VGZ), down 16.9%, Prospect Global Resources ( PGRX), down 16.1%, Atlatsa Resources ( ATL), down 10.0% and MagneGas Corporation ( MNGA), down 9.6% , were all laggards within the basic materials sector with Franco-Nevada ( FNV) being today's basic materials sector laggard.

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

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