Let me correct myself... (re: Media stocks not HOT any more)...
Media stocks weren't up 3.3% as I previously reported in this post here.
They were up 4.5%.
4.5%. In a day. And this is not a single stock we are talking about here, Fools. This is a portfolio of 14 stocks (which you can see in the link above).
Let's take a look at today's biggest media stock winners from that 14 stock portfolio:
SALM up 17.9%
EMMS up 11.2%
CMLS up 8.8%
MEG up 8.7%
SBSA up 5.7%
ETM up 4.6%, and
GTN up 2.6%.
Now, let's take a look at today's media losers:
There are none. Nope. Zero losers.
The worst performers of the 14 media stock portfolio were GCI and MNI: both flat (0% change). That's it.
Now you tell me: Is the Media HOT or not?