Don't Overlook Time Warner At TMT Conference

There have been many winners and losers at the CES conference this week. Netflix, Inc NFLX has been one of these big winners over the past few days, as the stock has climbed from a low of $104.50 To $122.18 earlier today. However, they are joined today by their cable competition, Time Warner Inc TWX, as a winner this week at Citigroup's TMT Conference.

CFO Howard Averill announced that he expected the company to beat their 2015 adjusted EPS guidance. Shares Of the stock responded in-kind, rising from $67.77 To $69.79, with other cable companies such as CBS Corporation CBS and Cablevision Systems Corporation CVC rising in sympathy to Mr. Averill's comments as well.

Among other news separate to the companies guidance, Mr. Averill said he sees big shift to on-demand consumption. He followed this up by saying that the company needs to get content on all available platforms. 

Currently, shares of Time Warner are trading up 3% on the day at $70.68/share.