5 Stocks Driving The Media Industry Higher

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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 14,544 as of Monday, April 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,423 issues advancing vs. 1,490 declining with 125 unchanged.

The Media industry currently is unchanged today versus the S&P 500, which is up 0.3%. Top gainers within the industry include Grupo Televisa S.A ( TV), up 1.2%, and News Corporation ( NWSA), up 0.8%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. News Corporation ( NWS) is one of the companies pushing the Media industry higher today. As of noon trading, News Corporation is up $0.30 (0.94) to $31.57 on average volume Thus far, 1.3 million shares of News Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $31.09-$31.57 after having opened the day at $31.30 as compared to the previous trading day's close of $31.28.

News Corporation operates as a diversified media company worldwide. News Corporation has a market cap of $24.4 billion and is part of the services sector. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 16.4% year to date as of the close of trading on Friday.

TheStreet Ratings rates News Corporation as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full News Corporation Ratings Report now.

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4. As of noon trading, DISH Network ( DISH) is up $0.90 (2.31) to $39.90 on heavy volume Thus far, 3.0 million shares of DISH Network exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $38.87-$40.18 after having opened the day at $38.99 as compared to the previous trading day's close of $39.00.

DISH Network Corporation, together with its subsidiaries, offers direct broadcast satellite subscription television services in the United States. DISH Network has a market cap of $8.3 billion and is part of the services sector. The company has a P/E ratio of 27.3, above the S&P 500 P/E ratio of 17.7. Shares are up 5.6% year to date as of the close of trading on Friday.

TheStreet Ratings rates DISH Network as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full DISH Network Ratings Report now.

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3. As of noon trading, Time Warner Cable ( TWC) is up $0.96 (1.05) to $92.24 on light volume Thus far, 919,230 shares of Time Warner Cable exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $91.28-$92.24 after having opened the day at $91.60 as compared to the previous trading day's close of $91.28.

Time Warner Cable Inc., together with its subsidiaries, offers video, high-speed data, and voice services to residential and business service customers over its broadband cable systems in the United States. Time Warner Cable has a market cap of $26.6 billion and is part of the services sector. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are down 6.1% year to date as of the close of trading on Friday.

TheStreet Ratings rates Time Warner Cable as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Time Warner Cable Ratings Report now.

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2. As of noon trading, CBS Corporation ( CBS) is up $0.65 (1.41) to $46.71 on light volume Thus far, 2.3 million shares of CBS Corporation exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $46.22-$46.80 after having opened the day at $46.27 as compared to the previous trading day's close of $46.06.

CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. CBS Corporation has a market cap of $25.5 billion and is part of the services sector. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 21.1% year to date as of the close of trading on Friday.

TheStreet Ratings rates CBS Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full CBS Corporation Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

1. As of noon trading, Directv ( DTV) is up $0.69 (1.25) to $55.87 on light volume Thus far, 1.8 million shares of Directv exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $55.07-$55.92 after having opened the day at $55.11 as compared to the previous trading day's close of $55.18.

DIRECTV provides digital television entertainment in the United States and Latin America. The company engages in acquiring, promoting, selling, and distributing digital entertainment programming primarily through satellite to residential and commercial subscribers. Directv has a market cap of $30.8 billion and is part of the services sector. The company has a P/E ratio of 11.8, below the S&P 500 P/E ratio of 17.7. Shares are up 7.6% year to date as of the close of trading on Friday.

TheStreet Ratings rates Directv as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Directv Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the media industry could consider PowerShares Dynamic Media ( PBS) while those bearish on the media industry could consider ProShares Ultra Sht Consumer Services ( SCC).

A reminder about TheStreet Ratings group: 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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