Dryships Upgraded by Wells Fargo:

USA Today Rates Dryships- 4.0

      For those who have never heard of  Dryships Inc.(NASDAQ Symbol: DRYS), they are company that deals in dry goods shipping overseas. It is roughly the second largest dry bulk shipper that is listed in the United States. They have roughly 40 ships that can hold as much 3.3 million tons of goods. Their large ships deliver commodities such as iron ore, grains and coal throughout the entire world. In late October of 2007 the stock was trading as high as $128.00 per share, but soon fell as the softening market could not sustain it. So far this year the stock has not surpassed $6 per share. Today things are looking up as the company was upgraded from neutral to a buy from Wells Fargo and rose over 4% on the news. Wells Fargo has also predicted Dryships to outperform the market and potentially reach $5-$6 per share. Dryships may or may not be a good investment, but it has the potential to make a comeback. Keep your eyes on this stock. If more companies continue to upgrade this stock to a buy, sheer speculation alone may drive it up.