Highly ranked News Corp rose to an all-time high on Feb. 19 and continues to trade near that level. On Thursday the Relative Strength (RS) Rating for News Corp stock climbed to 72, up from 67 the day before.
The upgraded 72 RS Rating shows that News Corp stock outperformed 72% of all stocks for price performance over the past year. It puts it just a few points below a key benchmark. Market research shows that the best stocks typically have an RS Rating above 80 in the early stages of their moves.
For full disclosure, New York-based News Corp is the parent of Investor's Business Daily, as well as the Wall Street Journal, MarketWatch, Barron's and other media outlets.
When To Sell Stocks To Lock In Profits And Minimize Losses
News Corp Other Ratings Shine
Among its other ratings News Corp boasts a 93 EPS Rating out of 99. The 93 rating puts it in the top 7% of all stocks for profit growth. It carries a respectable 83 Composite Rating. And its C+ Accumulation/Distribution Rating shows that funds are buying slightly more shares than they're selling.
News Corp stock is trying to complete a consolidation pattern with a 35.25 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal. Thursday it rose 1% to 31.
Earnings grew 22% last quarter to 33 cents per share. The prior two quarters EPS rose 21% and 33%. Revenue has grown at a steady single-digit pace this past year. In its most recent quarter the company reported a 5% gain to $2.24 billion. The next quarterly results are expected on or around May 8.
Ranks No. 1 In Its Industry Group
News Corp earns the No. 1 rank among its peers in the seven-stock Media-Newspapers industry group, according to IBD Stock Checkup. The New York Times and regional newspaper chain Daily Journal are also in the top five stocks in the group.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
Please follow James DeTar on Twitter @JimDeTar
RELATED:
IBD Live: A New Tool For Daily Stock Market Analysis
Which Stocks Are Showing Improved Price Performance?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
