5 Stocks Pushing The Media Industry Lower

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 5 stocks pushing the industry lower today:

5. CBS Corporation ( CBS) is one of the companies pushing the Media industry lower today. As of noon trading, CBS Corporation is down $0.72 (-1.2%) to $58.41 on light volume. Thus far, 1.3 million shares of CBS Corporation exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $58.21-$59.08 after having opened the day at $59.03 as compared to the previous trading day's close of $59.13.

CBS Corporation operates as a mass media company in the United States and internationally. It operates in five segments: Entertainment, Cable Networks, Publishing, Local Broadcasting, and Outdoor Americas. CBS Corporation has a market cap of $32.8 billion and is part of the services sector. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 53.5% year to date as of the close of trading on Monday. Currently there are 18 analysts that rate CBS Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates CBS Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full CBS Corporation Ratings Report now.

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