Company Of The Day: News Corp

+8.99%
Upside
18.48
Market
20.14
Trefis
NWSA: News logo
NWSA
News

What?

News Corp (NYSE:NWSA) confirmed that it was looking to merge with Fox, recombining after close to a decade as separate companies.

Why?

Relevant Articles
  1. Where Is Credit Suisse Stock Headed?
  2. This Defense Company Appears To Be A Better Pick Over Textron Stock
  3. Up 16% In A Month, Will Diageo Stock See Higher Levels?
  4. Will Strong Results And Dealmaking Activity Drive Hyatt Stock Higher?
  5. Is Mercedes Stock A Buy At $65?
  6. Etsy Stock Jumped 17% Last Week, Where Is It Headed?

The companies are likely looking to gain scale in an increasingly competitive media business.

So What?

While Newscorp stock was up by almost 3% in trading on Monday, Fox shareholders do not appear very enthusiastic about the deal, with the stock down 8%.

See Our Complete Analysis For News Corp

 

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Returns Oct 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 NWSA Return 7% -28% 41%
 S&P 500 Return 3% -23% 64%
 Trefis Multi-Strategy Portfolio 2% -25% 196%

[1] Month-to-date and year-to-date as of 10/18/2022
[2] Cumulative total returns since the end of 2016

Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates