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.

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, Discovery Communications ( DISCA) is up $0.74 (1.0%) to $74.53 on heavy volume. Thus far, 1.3 million shares of Discovery Communications exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $73.31-$75.63 after having opened the day at $73.68 as compared to the previous trading day's close of $73.79.

Discovery Communications, Inc. operates as a media company worldwide. The company operates in three segments: U.S. Networks, International Networks, and Education. Discovery Communications has a market cap of $11.2 billion and is part of the services sector. Shares are down 18.4% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Discovery Communications a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Discovery Communications as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Discovery Communications 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, Pandora Media ( P) is up $1.08 (4.0%) to $28.34 on average volume. Thus far, 4.9 million shares of Pandora Media exchanged hands as compared to its average daily volume of 11.0 million shares. The stock has ranged in price between $27.07-$28.49 after having opened the day at $27.28 as compared to the previous trading day's close of $27.25.

Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access free music and comedy, as well as offers Pandora One, a paid subscription service to listeners. Pandora Media has a market cap of $5.7 billion and is part of the services sector. Shares are up 2.4% year-to-date as of the close of trading on Friday. Currently there are 17 analysts who rate Pandora Media a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Pandora Media as a sell. Among the areas we feel are negative, one of the most important has been generally deteriorating net income. Get the full Pandora Media 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).

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