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).
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