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Broadcasters To Watch Following CBS & News Corp. Earnings

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CBS (NYSE: 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. (NASDAQ: 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 (NYSE: TWX) shares up 0.3 percent
  • 21st Century Fox (NASDAQ: FOXA) shares down 0.5 percent
  • Viacom (NASDAQ: VIAB) shares down 0.5 percent
  • Walt Disney (NYSE: DIS) shares down 0.4 percent
  • Sinclair Broadcast (NASDAQ: SBGI) shares down 0.3 percent

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