News Corporation (NWS): Today's Featured Services Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 1.0%. By the end of trading, News Corporation fell $0.42 (-2.6%) to $15.60 on average volume. Throughout the day, 2,827,883 shares of News Corporation exchanged hands as compared to its average daily volume of 3,245,000 shares. The stock ranged in price between $15.46-$16.25 after having opened the day at $16.04 as compared to the previous trading day's close of $16.02. Other companies within the Services sector that declined today were:
(
), down 8.6%,
(
), down 8.3%,
(
), down 7.0% and
(
), down 7.0%.
News Corporation operates as a diversified media company worldwide. News Corporation has a market cap of $5.8 billion and is part of the media industry. Shares are unchanged year to date as of the close of trading on Wednesday. Currently there are no analysts that rate News Corporation a buy, 1 analyst rates 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full News Corporation Ratings Report.
On the positive front,
(
), up 22.4%,
(
), up 22.4%,
(
), up 17.6% and
Digital Domain Media Group
(
DDMGQ
), up 17.6% , 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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