Chart Of The Day: News Corp

Chart Of The Day: News Corp – Media Rules

Jan 08, 2024Jeremy ParkinsonFinance, No picture0

The Chart of the Day belongs to the multi media company News Corp (NWS). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11/ 3 the stock gained 12.03%. NWS Price vs Daily Moving AveragesNews Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The company distributes content and data products, including The Wall Street Journal, Barron’s, MarketWatch, Investor’s Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, and OPIS through various media channels, such as newspapers, newswires, websites, mobile apps, newsletters, magazines, proprietary databases, live journalism, video, and podcasts. It also owns and operates Monday to Friday, Saturday and Sunday, weekly, and bi-weekly newspapers comprising The Australian, The Weekend Australian, The Daily Telegraph, The Sunday Telegraph, Herald Sun, Sunday Herald Sun, The Courier Mail, The Sunday Mail, The Advertiser, Sunday Mail, The Sun, The Sun on Sunday, The Times, The Sunday Times, and New York Post, as well as digital mastheads and other websites. In addition, the company publishes general fiction, nonfiction, children’s, and religious books; provides sports, entertainment, and news services to pay-TV and streaming subscribers, and other commercial licensees through satellite and internet distribution; and broadcasts rights to live sporting events. Further, it offers property and property-related advertising and services on its websites and mobile applications; digital real estate services; and financial services. News Corporation was founded in 2012 and is headquartered in New York, New York.Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.Barchart Technical Indicators:

100% technical buy signals

41.40+ Weighted Alpha

31.94% gain in the last year

Trend Seeker buy signal

Above its 20, 50 and 100 day moving averages

17 new highs and up 9.99% in the last month

Relative Strength Index 67.97%

Technical support level at $25.21

Recently traded at $25.50 with 50 day moving average of $23.14

Fundamental Factors:

Market Cap $14.58 billion

P/E 48.32

Dividend yield .78%

Revenue and Earnings projections are all over the place so there is not a great consensus

Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

Wall Street analysts issued 3 strong buy, 3 buy and 2 hold recommendations on the stock

The individual investors following the stock on Motley Fool voted 2 to 1 for the stock to beat the market

Value Line gives the stock its highest rating of 1

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