3 Stocks Boosting The Media Industry Higher

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 27 points (-0.2%) at 15,858 as of Tuesday, Dec. 17, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 997 issues advancing vs. 1,953 declining with 153 unchanged.

The Media industry currently sits down 0.5% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include Sirius XM Radio ( SIRI), down 1.9%, Liberty Global ( LBTYA), down 1.1%, Twenty-First Century Fox ( FOX), down 1.0%, Directv ( DTV), down 1.0% and Thomson Reuters Corporation ( TRI), down 0.7%.

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

3. Omnicom Group ( OMC) is one of the companies pushing the Media industry higher today. As of noon trading, Omnicom Group is up $0.46 (0.7%) to $70.10 on average volume. Thus far, 962,650 shares of Omnicom Group exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $69.50-$70.44 after having opened the day at $69.56 as compared to the previous trading day's close of $69.63.

Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services in the Americas, Europe, the Middle East, Africa, and the Asia pacific. Omnicom Group has a market cap of $17.7 billion and is part of the services sector. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7. Shares are up 37.8% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Omnicom Group a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Omnicom Group 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, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Omnicom Group 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.

2. As of noon trading, DISH Network ( DISH) is up $1.27 (2.4%) to $54.91 on heavy volume. Thus far, 1.9 million shares of DISH Network exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $53.48-$55.57 after having opened the day at $53.96 as compared to the previous trading day's close of $53.64.

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 $11.7 billion and is part of the services sector. The company has a P/E ratio of 33.5, above the S&P 500 P/E ratio of 17.7. Shares are up 47.4% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate DISH Network a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates DISH Network as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and generally higher debt management risk. 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, Time Warner Cable ( TWC) is up $0.92 (0.7%) to $133.01 on light volume. Thus far, 953,640 shares of Time Warner Cable exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $131.99-$133.43 after having opened the day at $132.26 as compared to the previous trading day's close of $132.09.

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 $37.0 billion and is part of the services sector. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7. Shares are up 35.9% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Time Warner Cable a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Time Warner Cable as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance, good cash flow from operations and notable return on equity. 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.

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).

null

More from Markets

Apple Shares Gain as U.S. and China Call Off Trade War, For Now

Apple Shares Gain as U.S. and China Call Off Trade War, For Now

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec

Dow Trades Above 25,000 as U.S.-China Trade Tensions Thaw

Dow Trades Above 25,000 as U.S.-China Trade Tensions Thaw

Treasury Secretary Mnuchin: 'Take the Over' on U.S. GDP Topping 3% This Year

Treasury Secretary Mnuchin: 'Take the Over' on U.S. GDP Topping 3% This Year

Video: Why the Stock Market Is Discounting China Trade Fears for Now

Video: Why the Stock Market Is Discounting China Trade Fears for Now