3 Media Stocks Pushing Industry Growth

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 29 points (-0.2%) at 16,918 as of Monday, June 23, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,509 declining with 147 unchanged.

The Media industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Charter Communications ( CHTR), up 0.8%, and Sirius XM Holdings ( SIRI), up 0.6%.

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

3. Lions Gate Entertainment ( LGF) is one of the companies pushing the Media industry higher today. As of noon trading, Lions Gate Entertainment is up $0.60 (2.2%) to $27.95 on light volume. Thus far, 851,530 shares of Lions Gate Entertainment exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $27.40-$28.08 after having opened the day at $27.40 as compared to the previous trading day's close of $27.35.

Lions Gate Entertainment Corp., an entertainment company, is engaged in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms, and international distribution and sales activities. Lions Gate Entertainment has a market cap of $3.9 billion and is part of the services sector. Shares are down 13.6% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Lions Gate Entertainment a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Lions Gate Entertainment as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Lions Gate Entertainment Ratings Report now.

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