This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Strong Buys Breaking Near 52-Week Highs

TWX Chart TWX data by YCharts

Time Warner (TWX - Get Report)

Background: Time Warner operates as a media and entertainment company in the U.S. and internationally. It operates in three segments: Networks, film and TV, and publishing. Founded in 1985, it is headquartered in New York. Time Warner trades an average of 7 million shares per day with a market cap of $44 billion.

52-Week High: $46.56

Time Warner's average analyst target price is $46.66, a price target that may soon be achieved and exceeded. Time Warner closed within a dime of the 52-week high placed last month during the close of Monday's trading.

The 60-day moving average is above the 200-day moving average, which is a bullish indicator for chart technicians. Trend followers seek out this type of consistent bull pattern and will hold a position until a technical break results in a signal to exit.

From a valuation outlook, Time Warner isn't selling for a rich premium. The trailing 12 month P/E is 18. The mean fiscal-year estimate P/E is 12.74, based on earnings of $3.20 per share this year. The low P/E leaves plenty of room for Time Warner to continue appreciating.

The short interest based on the float is small and not lofty enough to concern me at 3.3%.

Bottom line: Expect Time Warner to make a new 52-week high this week or next.
3 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
HOV $1.71 0.00%
JNJ $99.80 0.00%
NWL $43.86 0.00%
RF $10.37 0.00%
SNV $31.90 0.00%

Markets

Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs