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New York Times (NYT) Soars: Stock Adds 10.2% in Session

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The New York Times Company (NYT - Free Report) was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 30.1% in the past one-month time frame.

The move came after the company reported better-than-expected fourth-quarter 2017 results and a considerable rise in digital subscribers customer base.

The company has seen a mixed track record when it comes to estimate revisions of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

New York Times currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Another stock worth considering in the Consumer Staples sector is Meredith Corporation (MDP - Free Report) , which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is NYT going up? Or down? Predict to see what others think:Up or Down

 The Hottest Tech Mega-Trend of All 

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>
 




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