PPG Industries (PPG) Surges 12.5%: Is This an Indication of Further Gains?

Company Overview - PPG Industries (PPG) shares increased by 12.5% to close at $103.11, following a significant volume of trading, contrasting with a 19.2% loss over the past four weeks [1] - The rally in PPG's stock is attributed to a surge in material stocks after President Trump announced a 90-day pause on reciprocal tariffs for most countries [1] Earnings Expectations - PPG is expected to report quarterly earnings of$ 1.62 per share, reflecting a year-over-year decline of 12.9%, with revenues anticipated at $3.64 billion, down 15.5% from the previous year [2] - The consensus EPS estimate for PPG has been revised marginally higher over the last 30 days, indicating a potential for price appreciation if the positive trend continues [3] Industry Context - PPG Industries is part of the Zacks Chemical - Specialty industry, which includes other companies like Celanese (CE), whose stock closed 17.1% higher at$ 43.90, despite a 31.4% decline over the past month [3] - Celanese's consensus EPS estimate has decreased by 4.4% to $0.40, representing an 80.8% drop from the previous year's report, and it currently holds a Zacks Rank of 5 (Strong Sell) [4]