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Markets Score 25 Bullish

Water Utilities and Media Stocks Lead Monday's Sector Gains

Apr 20, 2026 16:07 UTC
ONDAS, SCRI
Immediate term

Water utility shares and the television and radio sector exhibited relative strength during Monday's trading session. Notable gains were concentrated in specific media equities, including Ondas and Scripps.

  • Television and radio sector rose 2.4% overall
  • Ondas shares surged by 10.4%
  • Scripps shares increased by 6%
  • Water utilities also showed relative strength
  • Gains were concentrated in specific media equities

Market activity on Monday saw a distinct rotation into defensive and media-related assets, with water utilities and the television and radio sectors emerging as the day's top performers. This movement indicates a tactical preference for these niches during the current session. The strength in the television and radio group was particularly pronounced, with the sector rising by approximately 2.4% as a collective. This upward trend was not uniform across all players but was driven by significant jumps in a few key tickers. Leading the charge within the media space, Ondas saw its shares trade higher by about 10.4%. Similarly, Scripps recorded a gain of approximately 6%, contributing to the overall sector momentum. While these gains are notable for the specific companies involved, the overall impact on the broader indices remains limited. Traders are likely monitoring these moves to determine if this represents a sustainable recovery in traditional media assets or a short-term volatility play.

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