3 Media Stocks Driving The 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.2%) at 18,080 as of Tuesday, June 2, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,713 issues advancing vs. 1,260 declining with 163 unchanged.

The Media industry currently sits up 0.1% versus the S&P 500, which is up 0.1%.

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

3. Grupo Televisa SAB ( TV) is one of the companies pushing the Media industry higher today. As of noon trading, Grupo Televisa SAB is up $0.50 (1.3%) to $38.63 on average volume. Thus far, 721,757 shares of Grupo Televisa SAB exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $38.03-$38.69 after having opened the day at $38.14 as compared to the previous trading day's close of $38.13.

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Grupo Televisa, S.A.B. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Telecommunications, and Other Businesses. Grupo Televisa SAB has a market cap of $21.8 billion and is part of the services sector. Shares are up 11.9% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Grupo Televisa SAB a buy, 2 analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Grupo Televisa SAB as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Grupo Televisa SAB Ratings Report now.

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2. As of noon trading, CBS ( CBS) is up $0.40 (0.7%) to $61.90 on light volume. Thus far, 1.4 million shares of CBS exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $61.17-$62.10 after having opened the day at $61.50 as compared to the previous trading day's close of $61.50.

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CBS Corporation operates as a mass media company worldwide. It operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting. CBS has a market cap of $28.0 billion and is part of the services sector. Shares are up 11.1% year-to-date as of the close of trading on Monday. Currently there are 16 analysts who rate CBS a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates CBS as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full CBS Ratings Report now.

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1. As of noon trading, Time Warner ( TWX) is up $0.63 (0.8%) to $85.02 on light volume. Thus far, 1.1 million shares of Time Warner exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $83.96-$85.12 after having opened the day at $84.33 as compared to the previous trading day's close of $84.39.

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Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. Time Warner has a market cap of $69.7 billion and is part of the services sector. Shares are down 1.2% year-to-date as of the close of trading on Monday. Currently there are 21 analysts who rate Time Warner a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Time Warner as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Time Warner Ratings Report now.

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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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Strong On High Relative Volume: Grupo Televisa SAB (TV)

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