5 Stocks Driving The Media Industry Higher
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
One out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 3 points (0.0%) at 14,544 as of Monday, April 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,423 issues advancing vs. 1,490 declining with 125 unchanged.
TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:
5. News Corporation (NWS) is one of the companies pushing the Media industry higher today. As of noon trading, News Corporation is up $0.30 (0.94) to $31.57 on average volume Thus far, 1.3 million shares of News Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $31.09-$31.57 after having opened the day at $31.30 as compared to the previous trading day's close of $31.28.
News Corporation operates as a diversified media company worldwide. News Corporation has a market cap of $24.4 billion and is part of the services sector. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 16.4% year to date as of the close of trading on Friday.
TheStreet Ratings rates News Corporation as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full News Corporation Ratings Report now.