Click to EnlargeTime Warner (NYSE:TWX) is one of the oldest and best regarded media companies in the country, with brands such as Time magazine, Sports Illustrated, People, CNN, HBO and New Line Cinema. Shares topped in 2000 with the ill-fated take-under by AOL (NYSE:AOL), but they have recovered nicely in the past few years and have been one of the strongest advancers of the recent bull cycle.
Media providers have managed to navigate the Internet age much better than many expected a decade ago, as they have discovered that customers will pay for valuable content and that valuable content can be monetized when spread across various type of ad platforms.
TWX shares performed well last year and are on a roll again now, busting up out of their recent flat spot. The company reports earnings on Feb. 6.
Recommendation: Buy TWX for a $55.50 target
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