Bull’s Eye Report: Madison Square Garden (MSG)

Try MSG for additional upside

   

At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

Company Symbol Industry Stock Rating YTD% Gain S.T. Stop Loss
Madison Square Garden Co. MSG Movies & Entertainment 9.8 +28.92% $57.73

Why We Like The Stock:

Madison Square Garden Co. (MSG) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. We featured MSG on May 28 in the Bull’s Eye Report, but after another week of basing, the stock looks even better at current prices. Riding just above the 50-day moving average, MSG has pulled back from its mid-May highs ($62.53) and has based beautifully just under its short-term moving averages. The intermediate-term uptrend is still intact, and while the stock is still operating in the oversold stochastic, the short-term downard momentum is gone, and the stock looks poised to make a run up north of $62.

We Would Be Buyers:

At the current price (~$58.70).

Company Profile:

The Madison Square Garden Company is a fully-integrated sports, entertainment and media business. The company has three segments: MSG Media, MSG Entertainment and MSG Sports. The company conducts a portion of its operations at venues that it either owns or operates under long-term leases, including the Madison Square Garden Arena the Theater at Madison Square Garden and as The Chicago Theatre in Chicago. It leases Radio City Music Hall and the Beacon Theatre in New York City. The Company also has a booking agreement with respect to the Wang Theatre in Boston.

Stock Rating: 9.8

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

Madison Square Garden- Last Three Months

msg 1 Bulls Eye Report: Madison Square Garden (MSG)

Madison Square Garden – Last 12 Months

msg 2 Bulls Eye Report: Madison Square Garden (MSG)

Madison Square Garden – Last Five Years

msg 3 Bulls Eye Report: Madison Square Garden (MSG)
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At the time of publication the editor and affiliated companies own the following positions: MSG

Note: Positions may be bought or sold while this publication is in circulation without notice.


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