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 Media industry higher today making it today's featured media winner. The industry as a whole closed the day up 0.6%. By the end of trading, Time Warner rose $1.72 (2.7%) to $66.46 on heavy volume. Throughout the day, 14,109,222 shares of Time Warner exchanged hands as compared to its average daily volume of 5,631,200 shares. The stock ranged in a price between $63.42-$68.89 after having opened the day at $64.04 as compared to the previous trading day's close of $64.74. Other companies within the Media industry that increased today were:
), up 9.2%,
), up 5.9%,
), up 5.0% and
), up 4.7%.
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Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in four segments: Turner, Home Box Office, Warner Bros., and Time Inc. Time Warner has a market cap of $57.5 billion and is part of the services sector. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7. Shares are down 6.7% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Time Warner a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. 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, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Time Warner Ratings Report.
On the negative front,
), down 9.1%,
), down 8.9%,
), down 8.4% and
), down 4.3% , were all laggards within the media industry with
) being today's media industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider
) while those bearish on the media industry could consider
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