Broadcasters To Watch Following CBS & News Corp. Earnings

CBS CBS shares are off to a strong start Friday after beating second quarter estimates and increasing its buyback and dividend. On the other hand, News Corp. NWS shares are selling off after the company showed a bottom line miss.

Traders may want to watch the broadcasting sector as investors jockey for new positions on industry revaluation.

Stocks To Watch

• Time Warner TWX shares up 0.3 percent
• 21st Century Fox FOXA shares down 0.5 percent
• Viacom VIAB shares down 0.5 percent
• Walt Disney DIS shares down 0.4 percent
• Sinclair Broadcast SBGI shares down 0.3 percent