3 Media Stocks Pushing The 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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 20 points (-0.1%) at 15,298 as of Wednesday, June 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Media industry currently sits down 0.33 versus the S&P 500, which is down 0.17. A company within the industry that increased today was News Corporation ( NWSA), up 1.43.

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

3. News Corporation ( NWS) is one of the companies pushing the Media industry higher today. As of noon trading, News Corporation is up $0.45 (1.42) to $32.16 on average volume Thus far, 2.6 million shares of News Corporation exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $31.92-$32.23 after having opened the day at $32.09 as compared to the previous trading day's close of $31.71.

News Corporation operates as a diversified media company worldwide. News Corporation has a market cap of $25.1 billion and is part of the services sector. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are up 19.6% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate News Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates News Corporation as a buy. 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. Get the full News Corporation Ratings Report now.

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2. As of noon trading, DISH Network ( DISH) is up $1.10 (2.81) to $40.19 on average volume Thus far, 1.8 million shares of DISH Network exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $38.92-$40.71 after having opened the day at $39.01 as compared to the previous trading day's close of $39.09.

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 $8.4 billion and is part of the services sector. The company has a P/E ratio of 36.0, above the S&P 500 P/E ratio of 17.7. Shares are up 6.7% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate DISH Network a buy, no analysts rate it a sell, and 5 rate it a hold.

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.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Sirius XM Radio ( SIRI) is up $0.06 (1.91) to $3.46 on average volume Thus far, 20.9 million shares of Sirius XM Radio exchanged hands as compared to its average daily volume of 49.8 million shares. The stock has ranged in price between $3.40-$3.48 after having opened the day at $3.41 as compared to the previous trading day's close of $3.40.

Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels on subscription fee basis through two satellite radio systems. Sirius XM Radio has a market cap of $21.3 billion and is part of the services sector. The company has a P/E ratio of 6.1, below the S&P 500 P/E ratio of 17.7. Shares are up 17.6% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Sirius XM Radio a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Sirius XM Radio as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Sirius XM Radio Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 3 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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