Media and tech investors will remember Q3 fondly with most of the stocks on our watch list rising by double digit percentages based on price changes in the three month period that ended today.
The market generally benefited from the Federal Reserve’s decision to keep interest rates low.
Rovi, which bought — and changed its name to — TiVo, led the pack, with shares up 96.8%. Gannett pulled up the rear, down 15.7%.
The Dow Jones U.S. Media Index improved 2.2%, behind the benchmark Standard & Poors 500 which was up 3.3%.
In our Big Media list Sony (+13.2%) set the pace followed by Time Warner (+8.3%), Discovery (+6.7%), Comcast (+1.8%), CBS (+0.6%), Disney (-5.1%), Viacom (-8.1%), and Fox (-10.5%)
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Companies rising by double digit percentages included Twitter (+36.3%), Alibaba (+33.0%), MSG Networks (+21.3%), Nexstar Broadcasting (+21.3%), Apple (+18.3%), Liberty Broadband (+18.1%), Charter Communications (+18.1%), Amazon (17.0%), Live Nation (+16.9%), World Wrestling Entertainment (+15.7%), Pandora Media (+15.1%), Yahoo (+14.7%), Alphabet (+14.3%), AMC Entertainment (+12.6%), Microsoft (+12.6%), Facebook (+12.2%), and Activision Blizzard (+11.8%).
The list of losers includes AMC Networks (-14.2%), Time Inc (-12.0%), Verizon (-6.9%), AT&T (-6.0%), Tegna (-5.7%), Hasbro (-5.5%), National CineMedia (-4.9%), Gray Television (-4.5%), Sinclair Broadcast Group (-3.3%), Imax (-1.7%), Regal (-1.3%), Lionsgate (-1.2%), and the New York Times (-1.2%).
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