This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

DryShips Inc. (DRYS): Today's Featured Transportation Winner

DryShips (DRYS) pushed the Transportation industry higher today making it today's featured transportation winner. The industry as a whole closed the day down 2.2%. By the end of trading, DryShips rose 8 cents (3.5%) to $2.37 on average volume. Throughout the day, 8.2 million shares of DryShips exchanged hands as compared to its average daily volume of 6.6 million shares. The stock ranged in a price between $2.15-$2.39 after having opened the day at $2.15 as compared to the previous trading day's close of $2.29. Other companies within the Transportation industry that increased today were: Star Bulk Carriers (SBLK), up 3.9%, USA Truck (USAK), up 3.2%, FreeSeas (FREE), up 2.9%, and Euroseas (ESEA), up 2.4%.

DryShips, Inc. owns drybulk carriers and tankers that operate worldwide. Through its subsidiary, Ocean Rig UDW Inc., the company owns and operates nine offshore ultra deepwater drilling units comprising two ultra deepwater semisubmersible drilling rigs and seven ultra deepwater drillships. DryShips has a market cap of $970.4 million and is part of the services sector. Shares are up 14.5% year to date as of the close of trading on Tuesday. Currently there are three analysts that rate DryShips a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates DryShips as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the negative front, DS Torm (TRMD), down 13.9%, Frontline (FRO), down 11.4%, Overseas Shipholding Group (OSG), down 8.3%, and Gol Intelligent Airlines (GOL), down 6.3%, were all losers within the transportation industry with Norfolk Southern Corporation (NSC) being today's transportation industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation (IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials (SIJ).

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
Submit an article to us!
DOW 17,116.14 +29.51 0.17%
S&P 500 1,989.53 +2.52 0.13%
NASDAQ 4,485.46 +11.7630 0.26%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs