Earnings fuel another good day on the Street
Strong last-quarter results are making traders more confident about future results, evidently. (We reported about two such companies today.) Broadcast stocks went for the upward ride, especially on the TV side.
The RBR Radio Index rose 5.101, or 0.7%, to 722.070.
The TVBR Television Index rose 17.444, or 2.3%, to 784.537.
Radio One, up 6.1%
Nexstar, up 3.8%
Entercom, up 3.5%
SBS, down 4.9%
Beasley, down 3.5%