PPG Industries Inc. (PPG): Today's Featured Chemicals 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 Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day up 0.8%. By the end of trading, PPG Industries rose $7.83 (4.1%) to $199.46 on heavy volume. Throughout the day, 1,782,165 shares of PPG Industries exchanged hands as compared to its average daily volume of 879,800 shares. The stock ranged in a price between $196.48-$200.00 after having opened the day at $199.99 as compared to the previous trading day's close of $191.63. Other companies within the Chemicals industry that increased today were: BioFuel Energy Corporation ( BIOF), up 27.4%, Gevo ( GEVO), up 12.4%, Flexible Solutions International ( FSI), up 5.1% and Arabian American Development Company ( ARSD), up 3.9%.

PPG Industries, Inc. manufactures and distributes coatings, optical and specialty materials, and glass products. The company operates in five segments: Performance Coatings, Industrial Coatings, Architectural Coatings, Optical and Specialty Materials, and Glass. PPG Industries has a market cap of $26.1 billion and is part of the basic materials sector. Shares are up 1.0% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate PPG Industries a buy, no analysts rate it a sell, and 4 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, impressive record of earnings per share growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Ceres ( CERE), down 10.2%, Chemtura Corporation ( CHMT), down 8.1%, Lightbridge ( LTBR), down 4.6% and Solazyme ( SZYM), down 2.0% , were all laggards within the chemicals industry with CF Industries Holdings ( CF) being today's chemicals industry laggard.

For investors not wanting singular stock exposure, 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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