4 Transportation Stocks Pushing The Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 70 points (0.5%) at 14,846 as of Wednesday, Aug. 28, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,865 issues advancing vs. 1,062 declining with 104 unchanged.

The Transportation industry currently sits up 0.8% versus the S&P 500, which is up 0.6%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. DryShips ( DRYS) is one of the companies pushing the Transportation industry higher today. As of noon trading, DryShips is up $0.15 (6.2%) to $2.59 on heavy volume. Thus far, 7.6 million shares of DryShips exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $2.42-$2.62 after having opened the day at $2.43 as compared to the previous trading day's close of $2.44.

DryShips Inc. owns drybulk carriers and tankers that operate worldwide. DryShips has a market cap of $1.0 billion and is part of the services sector. Shares are up 50.6% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate DryShips a buy, 1 analyst rates it a sell, and 5 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 high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full DryShips Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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