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 traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 260 points (1.5%) at 17,814 as of Thursday, Jan. 22, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 2,444 issues advancing vs. 659 declining with 120 unchanged.

The Transportation industry as a whole closed the day up 1.9% versus the S&P 500, which was up 1.5%. Top gainers within the Transportation industry included Euroseas ( ESEA), up 2.4%, Providence & Worcester Railroad ( PWX), up 5.8%, Kelso Technologies ( KIQ), up 3.9%, Danaos ( DAC), up 3.1% and Global Ship Lease ( GSL), up 3.5%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

Global Ship Lease ( GSL) is one of the companies that pushed the Transportation industry higher today. Global Ship Lease was up $0.17 (3.5%) to $5.07 on heavy volume. Throughout the day, 105,621 shares of Global Ship Lease exchanged hands as compared to its average daily volume of 66,700 shares. The stock ranged in a price between $4.91-$5.08 after having opened the day at $4.95 as compared to the previous trading day's close of $4.90.

Global Ship Lease, Inc. owns and leases containerships under long-term fixed-rate charters to container shipping companies. As of March 31, 2014, it owned 17 vessels with a total capacity of 66,349 twenty-foot equivalent units. The company is based in London, the United Kingdom. Global Ship Lease has a market cap of $230.1 million and is part of the services sector. Shares are up 8.9% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate Global Ship Lease a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Global Ship Lease as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

Highlights from TheStreet Ratings analysis on GSL go as follows:

  • GSL's debt-to-equity ratio of 0.94 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 7.38 is very high and demonstrates very strong liquidity.
  • The gross profit margin for GLOBAL SHIP LEASE INC is rather high; currently it is at 63.51%. Regardless of GSL's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, GSL's net profit margin of 19.62% compares favorably to the industry average.
  • The revenue fell significantly faster than the industry average of 24.9%. Since the same quarter one year prior, revenues slightly dropped by 5.1%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Marine industry and the overall market on the basis of return on equity, GLOBAL SHIP LEASE INC underperformed against that of the industry average and is significantly less than that of the S&P 500.
  • Net operating cash flow has significantly decreased to -$4.10 million or 126.32% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

You can view the full analysis from the report here: Global Ship Lease Ratings Report

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At the close, Danaos ( DAC) was up $0.16 (3.1%) to $5.31 on average volume. Throughout the day, 19,495 shares of Danaos exchanged hands as compared to its average daily volume of 19,600 shares. The stock ranged in a price between $5.03-$5.31 after having opened the day at $5.17 as compared to the previous trading day's close of $5.15.

Danaos Corporation, together with its subsidiaries, is engaged in the ownership and operation of containerships, as well as chartering of its vessels to liner companies in Greece and internationally. It primarily offers seaborne transportation services. Danaos has a market cap of $568.1 million and is part of the services sector. Shares are down 5.8% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate Danaos a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Danaos as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself.

Highlights from TheStreet Ratings analysis on DAC go as follows:

  • DANAOS CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, DANAOS CORP turned its bottom line around by earning $0.34 versus -$0.95 in the prior year. This year, the market expects an improvement in earnings ($0.51 versus $0.34).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Marine industry. The net income increased by 155.0% when compared to the same quarter one year prior, rising from $8.79 million to $22.41 million.
  • The revenue fell significantly faster than the industry average of 24.9%. Since the same quarter one year prior, revenues slightly dropped by 6.0%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • DAC has underperformed the S&P 500 Index, declining 24.03% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • The debt-to-equity ratio is very high at 4.25 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with this, the company manages to maintain a quick ratio of 0.24, which clearly demonstrates the inability to cover short-term cash needs.

You can view the full analysis from the report here: Danaos Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Euroseas ( ESEA) was another company that pushed the Transportation industry higher today. Euroseas was up $0.02 (2.4%) to $0.75 on light volume. Throughout the day, 9,230 shares of Euroseas exchanged hands as compared to its average daily volume of 56,700 shares. The stock ranged in a price between $0.73-$0.75 after having opened the day at $0.73 as compared to the previous trading day's close of $0.73.

Euroseas Ltd. provides ocean-going transportation services worldwide. It owns and operates dry bulk carriers that transport bulks, such as iron ore, coal, and grains, as well as bauxite, phosphate, and fertilizers. Euroseas has a market cap of $42.6 million and is part of the services sector. Shares are down 1.9% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Euroseas a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Euroseas as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on ESEA go as follows:

  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Marine industry and the overall market, EUROSEAS LTD's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to -$1.63 million or 421.15% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The gross profit margin for EUROSEAS LTD is rather low; currently it is at 21.79%. Regardless of ESEA's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, ESEA's net profit margin of -35.67% significantly underperformed when compared to the industry average.
  • ESEA's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 50.00%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • The company, on the basis of net income growth from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and the Marine industry average. The net income increased by 1.9% when compared to the same quarter one year prior, going from -$3.81 million to -$3.74 million.

You can view the full analysis from the report here: Euroseas Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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.