Why DryShips, PetMed Express, and VF Corp. Jumped Today
Monday was a poor day for the stock market, as major benchmarks gave back early gains to finish lower. Investors had to deal with the shock of a negative prediction from Goldman Sachs analysts, who suggested that a global slowdown will likely come in the near future. Yet even with the downbeat forecast, losses were relatively modest, with most benchmarks finishing less than half a percentage point lower. Still, some stocks bucked the trend and finished sharply higher. DryShips (NASDAQ: DRYS), PetMed Express (NASDAQ: PETS), and VF Corp. (NYSE: VFC) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.
Shares of DryShips gained another 6%, bringing its two-day total gain to more than 20%. The shipping company benefited from the gain in the Baltic Dry Index, which is a key benchmark for day rates for the vessels that DryShips and other players in the industry own. For its part, DryShips has also seen some forward momentum in the charter rates that it has been able to collect, in some cases doubling from year-ago levels. Yet the company has made multiple reverse splits over the past year, and the gains pale in comparison to the more than 99% drop that the stock has suffered as a result of corporate actions and the issuance of new stock. Even if the company ends up being successful, shareholders can't feel confident that they'll be able to share in that success.
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Source: Fool.com
V.F. Corp. Stock
Currently there is a rather positive sentiment for V.F. Corp. with 12 Buy predictions and 3 Sell predictions.
As a result the target price of 20 € shows a very positive potential of 75.59% compared to the current price of 11.39 € for V.F. Corp..
