News Corporation (NWS): Today's Featured Services Laggard
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
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(
) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day down 0.5%. By the end of trading, News Corporation fell 40 cents (-1.7%) to $23.57 on average volume. Throughout the day, 3.5 million shares of News Corporation exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $23.46-$24.06 after having opened the day at $23.88 as compared to the previous trading day's close of $23.97. Other companies within the Services sector that declined today were:
Frozen Food Express Industries
(
), down 41%,
(
), down 25.5%,
LodgeNet Interactive Corporation
(
), down 22.3%, and
(
), down 20.5%.
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News Corporation operates as a diversified media company worldwide. News Corporation has a market cap of $19.7 billion and is part of the media industry. The company has a P/E ratio of 42.3, above the S&P 500 P/E ratio of 17.7. Shares are up 35% year to date as of the close of trading on Wednesday. Currently there are two analysts that rate News Corporation a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates News Corporation as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full News Ratings Report.
On the positive front,
(
), up 55.6%,
(
), up 33.5%,
(
), up 26.3%, and
(
), up 16.3%, were all gainers within the services sector with
(
) being today's featured services sector leader.
- 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
(
) while those bearish on the services sector could consider
ProShares Ultra Short Consumer Sers
(
).
- Find other investment ideas from our top rated ETFs lists.
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