On Tuesday media giant News Corp's stock closed at an all-time high. Wednesday it eased a bit but still held near the high. Meanwhile the Relative Strength (RS) Rating for News Corp jumped into a higher percentile Wednesday, as it got a lift from 67 to 73.
The 73 Relative Strength Rating means that News Corp tops 73% of all stocks in IBD's database for price performance this past year. The upgrade for the media stock comes after the company reported strong earnings growth this past year.
News Corp Saw 4 Quarters Of Double-Digit Profit Growth
Earnings over the past four quarters grew 86%, 22%, 21% and 31% last quarter to 21 cents per share. Revenue rose 3% in its most recent quarter to $2.58 billion.
For full disclosure, it should be noted that News Corp is the parent of Investor's Business Daily.
Among its other key ratings News Corp boasts a 94 EPS Rating out of 99. The 94 rating shows that News Corp is among the top 6% of stocks for recent and long-term earnings growth. Additionally, it carries a strong 87 Composite Rating. Look for that to continue rising; the best growth stocks often have a 90 or better Composite before they make big advances.
When To Sell Stocks To Lock In Profits And Minimize Losses
News Corp climbed above a 29.96 entry in a flat base on Nov. 11. It's continued rising from there.
In The Highly Ranked Media Group
News Corp holds the No. 3 rank among its peers in the small but highly ranked Media-Newspapers industry group. Daily Journal is the No. 1-ranked stock in the group. The group itself ranks a lofty No. 13 on IBD's list of 197 industry groups.
The exclusive Relative Strength Rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database. Market research shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if News Corp continues to rise and clears that threshold
Please follow James DeTar on Twitter @JimDeTar
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