3 Stocks Underperforming Today In The Chemicals Industry

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 17,122 as of Wednesday, Aug. 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,632 issues advancing vs. 1,319 declining with 192 unchanged.

The Chemicals industry currently sits up 0.1% versus the S&P 500, which is unchanged.

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 $1.36 (-0.7%) to $205.10 on light volume. Thus far, 168,383 shares of PPG Industries exchanged hands as compared to its average daily volume of 533,700 shares. The stock has ranged in price between $204.93-$206.65 after having opened the day at $206.11 as compared to the previous trading day's close of $206.46.

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 $28.4 billion and is part of the basic materials sector. Shares are up 8.9% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate PPG Industries a buy, no analysts rate it a sell, and 3 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 impressive record of earnings per share growth, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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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