PPG Industries’ (PPG Quick QuotePPG - Free Report) Olympic Paints and Stains brand launched an updated formula for its Olympic ONE exterior paint line. 

 

The new formula comes with the Weather-Ready application technology and is rain-ready in 12 hours which reduces the unpredictability of exterior home projects. The formula also features an all climate protection package that helps paint adhere in case of temperature as low as 32 degree fahrenheit and as high as 90 degree fahrenheit.

 

In addition to this, Olympic ONE exterior paint-and-primer-in-one provides resistance to cracking, peeling, fading and a mildew-resistant coating. The paint includes low volatile organic compound and its low odor formula is ideal for wood, masonry etc. 

 

PPG Industries has underperformed the Zacks categorized Chemicals-Diversified industry over the last one year. The company’s shares have moved up around 7.8% over this period, compared with roughly 23.6% gain recorded by the industry.

 

 

PPG Industries is exposed to unfavorable currency exchange translation, especially in emerging markets. It also faces macroeconomic challenges and volatility in raw materials and energy costs. 

 

The company sees higher raw materials costs on a year over year basis in second-quarter 2017. Moreover, some of its end-markets including marine still remain sluggish. The company also sees moderate growth rates in emerging economies in 2017.

 

 

PPG Industries currently carries a Zacks Rank #4 (Sell).

 

 

Better-ranked companies in the chemical space include Koninklijke DSM NV , The Chemours Company (CC Quick QuoteCC - Free Report) and BASF SE (BASFY Quick QuoteBASFY - Free Report) . 

 

Koninklijke has expected long-term growth of 7.7% and sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

 

Chemours has expected long-term growth of 15.5% and sports a Zacks Rank #1.

 

BASF has expected long-term growth of 8.9% and carries a Zacks Rank #2 (Buy).

 

 

It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.

 

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>