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TheStreet Wire

News Corp (NWSA): Today's Featured Services Winner

By TheStreet Wire 08/03/12 - 05:00 PM EDT

Find out if (NWSA) is in Cramer's Portfolio.

News (NWSA) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 2%. By the end of trading, News rose 33 cents (1.4%) to $23.47 on average volume. Throughout the day, 17.6 million shares of News exchanged hands as compared to its average daily volume of 19.1 million shares. The stock ranged in a price between $23.30-$23.57 after having opened the day at $23.32 as compared to the previous trading day's close of $23.14. Other companies within the Services sector that increased today were: Blue Nile (NILE), up 34.7%, China HGS Real Estate (HGSH), up 30.8%, Genco Shipping & Trading (GNK), up 24.3%, and Mercadolibre (MELI), up 24.3%.

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News Corporation operates as a diversified media company worldwide. News has a market cap of $37.35 billion and is part of the media industry. The company has a P/E ratio of 16, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 29% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate News a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates News as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

You can view the full News Ratings Report.

On the negative front, Zipcar (ZIP), down 36.5%, Zagg (ZAGG), down 22.3%, comScore (SCOR), down 21%, and Air Transport Services Group (ATSG), down 18.9%, were all laggards within the services sector with New Oriental Education & Technology Group I (EDU) being today's services sector laggard.

Use our services section to find sector-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services (IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers (SCC).

Find other investment ideas from our top rated ETFs lists.

For more information on News Corporation click any of the following:

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