CBS Corporation (CBS): Today's Featured Media Winner

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.

CBS Corporation ( CBS) pushed the Media industry higher today making it today's featured media winner. The industry as a whole closed the day up 0.5%. By the end of trading, CBS Corporation rose $0.73 (1.2%) to $61.63 on average volume. Throughout the day, 5,989,848 shares of CBS Corporation exchanged hands as compared to its average daily volume of 4,686,300 shares. The stock ranged in a price between $61.13-$62.04 after having opened the day at $61.60 as compared to the previous trading day's close of $60.90. Other companies within the Media industry that increased today were: Emmis Communications ( EMMS), up 19.1%, YOU On Demand Holdings ( YOD), up 12.8%, Liberty Ventures Class A ( LVNTA), up 5.2% and Hong Kong Television Network ( HKTV), up 5.0%.

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 $34.0 billion and is part of the services sector. Shares are down 4.5% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate CBS Corporation a buy, no analysts rate it a sell, and 3 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, ReachLocal ( RLOC), down 14.8%, Thomson Reuters Corporation ( TRI), down 6.2%, NTN Buzztime ( NTN), down 5.6% and Daily Journal Corporation ( DJCO), down 3.4% , were all laggards within the media industry with Sinclair Broadcast Group ( SBGI) being today's media industry laggard.

For investors not wanting singular stock exposure, 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).

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