All three major indices traded up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 242 points (1.4%) at 17,615 as of Monday, Aug. 10, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 2,351 issues advancing vs. 737 declining with 111 unchanged.

The Media industry as a whole closed the day up 0.9% versus the S&P 500, which was up 1.3%. Top gainers within the Media industry included

Starz

(

STRZB

), up 1.6%,

Discovery Communications

(

DISCB

), up 4.3%,

Gray Television

(

GTN.A

), up 2.4%,

Value Line

(

VALU

), up 6.3% and

Emmis Communications

(

EMMS

), up 5.9%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

Emmis Communications

(

EMMS

) is one of the companies that pushed the Media industry higher today. Emmis Communications was up $0.07 (5.9%) to $1.25 on light volume. Throughout the day, 16,708 shares of Emmis Communications exchanged hands as compared to its average daily volume of 65,600 shares. The stock ranged in a price between $1.21-$1.26 after having opened the day at $1.24 as compared to the previous trading day's close of $1.18.

Emmis Communications Corporation, a diversified media company, engages in radio broadcasting activities in the United States. The company operates in three segments: Radio, Publishing, and Corporate & Emerging Technologies. It operates 19 FM and 4 AM radio stations in New York, Los Angeles, St. Emmis Communications has a market cap of $48.9 million and is part of the services sector. Shares are down 36.9% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Emmis Communications a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Emmis Communications as a

sell

. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on EMMS go as follows:

  • The gross profit margin for EMMIS COMMUNICATIONS CP is rather low; currently it is at 22.09%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 2.60% significantly trails the industry average.
  • EMMS's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 51.39%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • EMMIS COMMUNICATIONS CP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, EMMIS COMMUNICATIONS CP swung to a loss, reporting -$2.33 versus $0.93 in the prior year.
  • EMMS, with its decline in revenue, slightly underperformed the industry average of 5.2%. Since the same quarter one year prior, revenues slightly dropped by 2.1%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Media industry. The net income increased by 59.5% when compared to the same quarter one year prior, rising from $0.96 million to $1.53 million.

You can view the full analysis from the report here:

Emmis Communications Ratings Report

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At the close,

Value Line

(

VALU

) was up $0.84 (6.3%) to $14.21 on light volume. Throughout the day, 1,826 shares of Value Line exchanged hands as compared to its average daily volume of 2,500 shares. The stock ranged in a price between $13.96-$14.72 after having opened the day at $14.72 as compared to the previous trading day's close of $13.37.

Value Line, Inc. produces and sells investment related periodical publications primarily in the United States. Value Line has a market cap of $128.5 million and is part of the services sector. Shares are down 18.0% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Value Line a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Value Line as a

hold

. The company's strengths can be seen in multiple areas, such as its notable return on equity and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins.

Highlights from TheStreet Ratings analysis on VALU go as follows:

  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. In comparison to the other companies in the Media industry and the overall market, VALUE LINE INC's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.
  • VALU has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Despite the fact that VALU's debt-to-equity ratio is low, the quick ratio, which is currently 0.65, displays a potential problem in covering short-term cash needs.
  • VALUE LINE INC's earnings per share declined by 35.3% in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, VALUE LINE INC increased its bottom line by earning $0.74 versus $0.69 in the prior year.
  • Net operating cash flow has significantly decreased to -$0.02 million or 101.64% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Media industry. The net income has significantly decreased by 34.7% when compared to the same quarter one year ago, falling from $1.68 million to $1.10 million.

You can view the full analysis from the report here:

Value Line Ratings Report

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Discovery Communications

(

DISCB

) was another company that pushed the Media industry higher today. Discovery Communications was up $1.21 (4.3%) to $29.56 on heavy volume. Throughout the day, 415 shares of Discovery Communications exchanged hands as compared to its average daily volume of 200 shares. The stock ranged in a price between $29.56-$29.83 after having opened the day at $29.83 as compared to the previous trading day's close of $28.35.

Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. Discovery Communications has a market cap of $185.4 million and is part of the services sector. Shares are down 23.4% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Discovery Communications a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Discovery Communications

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from TheStreet Ratings analysis on DISCB go as follows:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 5.2%. Since the same quarter one year prior, revenues slightly increased by 2.7%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The gross profit margin for DISCOVERY COMMUNICATIONS INC is currently very high, coming in at 89.66%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 17.29% is above that of the industry average.
  • Net operating cash flow has increased to $331.00 million or 42.67% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 7.62%.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Media industry and the overall market on the basis of return on equity, DISCOVERY COMMUNICATIONS INC has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.

You can view the full analysis from the report here:

Discovery Communications Ratings Report

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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.