Media, oh Media, what's gotten into you...?
Just yesterday I said I won't be reporting on media stocks any more as these daily jumps of 4-5% have gotten really boring.
However, I just have to do it again because Media outdid itself today:
Portfolio of the 14 media stocks (which you can see here) is up 6.6% today. Six point six percent. IN A DAY. Portfolio of FOURTEEN STOCKS. Can you believe it?
Let's take a look at today's biggest winners from this portfolio:
ETM up 13%
GTN up 12%
SBSA up 12%
SBGI up 7%
EMMS up 7%
BLC up 6%
CMLS up 6%
MNI up 5%
SALM up 5%
JRN up 5%
LEE up 3%
MEG up 2%
SSP up 1%
GCI up 1%
OK, let's now take a look at today's losers:
THERE are NONE. Yes, no losers today.If you take a look at the list above one more time, you'll see there are all 14 of them.
Let's now take a look at the returns of all of these 14 media stocks since the initial Huge Bull Market in Media Stocks post from Oct. of 2009:
That's all 14 of them. No losers again. Since the initial post from October of 2009, this portfolio is up 57.96% (if same amount of money invested in each stock). Not too shabby, don't you think? I told you, media is place to be...
Good Luck, Fools :)