NWSA Should I Buy
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Given the investor's long-term strategy and beginner knowledge level, News Corp (NWSA) is not a strong buy at this moment. While the company has shown revenue growth, the decline in net income and EPS, coupled with overbought technical indicators and neutral trading sentiment, suggests waiting for a better entry point. Additionally, no strong trading signals or significant positive catalysts are present to support an immediate buy decision.
The MACD is positive and expanding, indicating bullish momentum. However, the RSI of 80.463 suggests the stock is overbought, and moving averages are converging, signaling potential indecision. Key resistance levels are at 25.612 and 26.036, with support at 24.241 and 23.817.
Revenue increased by 5.54% YoY, and gross margin improved by 0.79% YoY.
Net income dropped by 10.23% YoY, and EPS declined by 10.53% YoY. The RSI indicates overbought conditions, and there are no significant hedge fund or insider trading trends.
In Q2 2026, revenue increased to $2.362 billion (up 5.54% YoY), but net income dropped to $193 million (down 10.23% YoY). EPS also declined to 0.34 (down 10.53% YoY), while gross margin improved slightly to 52.33%.
Citi lowered the price target to $39 from $40 but maintained a Buy rating. Morgan Stanley reduced the price target to $32.40 from $38 but reiterated an Overweight rating, citing no change to its fundamental positive thesis.
