Jim Cramer Likes PPG

CNBC’s Mad Money Jim Cramer thinks that the economy is recovering and that chemicals should be closely watched. PPG Industries (NYSE: PPG) is his favorite chemical company. Cramer especially likes that 70% of PPG Industries’ sales comes from coatings that are used in almost every aspect of our lives. The Companies’ commodity-chemicals division specializes in chlorine and caustic soda.

Lower price of natural gas was the real benefit for PPG Industries (PPG), because this fuel is used to produce electricity that PPG uses in manufacturing its goods. Although these prices went up over the last month it is still cheaper for PPG than it used to be, Cramer said.

PPG Industries (PPG) started strong on Tuesday with its opening price at $60.43, but then it slowed down trading around $60.