Posts for Ticker ‘SIRI’

SIRIUS Losing XM Founder (that everyone forgot) (SIRI)

SIRIUS LOGOSIRIUS XM Radio (NASDAQ: SIRI) announced that Gary Parsons has resigned as Chairman of the Board of Directors. The satellite radio giant has appointed Eddy Hartenstein, an independent director, to serve as non-executive chairman.  An excerpt from Parsons’ farewell note was:

  • “… we have begun to generate positive cash flow and have substantially improved our financial condition. While challenges remain, I’m confident that under the direction of Mel Karmazin and with the assistance of Eddy Hartenstein, SIRIUS XM will continue to grow and flourish.”

Read More »

Posted on: November 12, 2009 – 5:01 pm in Management Change, Media, Satellite,

Top 10 Analyst Upgrades, Downgrades, Initiations (BRCD, BNI, COH, CHK, CSX, HOG, KWK, MBT, NDAQ, SIRI)

These are this Thursday’s top early analyst upgrades, downgrades, and initiations from Wall Street research calls which may be moving shares of the underlying stocks:

Brocade Communications (NASDAQ: BRCD) Cut to Neutral at Piper Jaffray; Cut to Hold at ThinkEquity; Cut to Hold at Lazard.
Burlington Northern Santa Fe (NYSE: BNI) Cut to Underweight at Barclays.
Coach Inc. (NYSE: COH) Started as Hold at KeyBanc.
Chesapeake Energy (NYSE: CHK) Started as Buy at Lazard.
CSX Corp. (NYSE: CSX) Raised to Equal-Weight at Barclays.
Harley-Davidson (NYSE: HOG) Started as Underweight at KeyBanc.
Quicksilver Resources Inc. (NYSE: KWK) Started as Buy at Lazard.
Mobile TeleSystems (NYSE: MBT) Raised to Buy at UBS.
NASDAQ OMX Group (NASDAQ: NDAQ) Raised to Positive at Susquehanna.
SIRIUS XM Radio Inc. (NASDAQ: SIRI) put on positive credit watch at S&P late yesterday during trading hours.

You can join our open email distribution list which goes out several times per week to be notified of key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, key merger news, and more.

JON C. OGG

Posted on: November 12, 2009 – 7:52 am in Analyst Calls, , , , , , , , , ,

SIRIUS Cautious Praise At S&P (SIRI)

SIRIUS LOGOSIRIUS XM Radio Inc. (NASDAQ: SIRI) has been reaffirmed on its corporate debt rating at “B-” late in the day.  While this is still very deep in “junk bond” territory at S&P, the outlook has been revised to positive from stable.  This is after the earnings that we called mostly headed in the right direction last week, but it follows a relatively recent mid-August upgrade by S&P and it is fairly rare to see another call this fast on a controversial stock (and company) like Sirius.  Still, there are some mixed notions in the call as the rating is so far from investment grade status.
Read More »

Posted on: November 11, 2009 – 5:41 pm in Analyst Calls, Bonds, Media, Satellite,

Media Digest 11/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The Wall St. insider trading probe lead to another 14 arrests.

Reuters:   Fannie Mae (NYSE:FNM) lost $19 billion and asked Treasury for money.

Reuters:   GM is readying its plans for Opel as some of its workers went on strike.

Reuters:   The pay czar says the jury is still out on reforms. Read More »

Posted on: November 6, 2009 – 3:58 am in Press Digest, , , , , , , , , , , , , , , , , ,

SIRIUS XM Heading Mostly in Right Direction (SIRI)

SIRIUS LogoTrusting analyst estimates on penny stocks and cult stocks is a tricky business.  But SIRIUS XM Radio Inc.(NASDAQ: SIRI) is trading up on heavy volume after its earnings this morning.  The satellite radio monopoly had a 27% revenue gain to $618.7 million, which included some of the XM Radio gains from the merger.  Earnings were a net loss of $149.2 million or -$0.04 EPS, but this included a charge of $138 million.  If you back out the charges and items, SIRIUS managed a non-GAAP $106 million profit vs a non-GAAP loss of $37 million a year ago.  On an EPS basis, that would break-even. The estimates from Thomson Reuters were -$0.02 non-GAAP EPS and $608.7 million in revenue.
Read More »

Posted on: November 5, 2009 – 9:20 am in Earnings, Media, Satellite,

Next Week’s Top 10 Earnings on Deck (CHK, F, KFT, MA, CSCO, CMCSA, QCOM, BRK-A, SIRI, VG)

NYSE Floor ImageEarnings season may be winding down, but next week still has some very important companies that are economic indicators in and of themselves or are key stocks that have broad customer and investor bases.  Picking only ten companies leaves many key stocks out, but we have some here which will appeal to most investors and traders.  Among next week’s top earnings are Chesapeake Energy Corporation (NYSE: CHK), Ford Motor Company (NYSE: F), Kraft Foods Inc. (NYSE: KFT), MasterCard Incorporated (NYSE: MA), Cisco Systems Inc. (NASDAQ: CSCO), Comcast Corporation (NASDAQ: CMCSA), QUALCOMM Inc. (NASDAQ: QCOM),  and Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B).

We also have the biggest cult stocks of all with SIRIUS Satellite Radio (NASDAQ: SIRI) and Vonage Holdings Corp. (NYSE: VG) reporting next week.  We have offered some color on each stock along with chart data where relevant, along with Thomson Reuters consensus estimates.
Read More »

Posted on: October 30, 2009 – 2:51 pm in Calendar, Earnings, Technical Analysis, Technology Companies, , , , , , , , , ,

Apple (NASDAQ:AAPL) Short Interest Steady, Down In Other Techs

bearThe short interest in Apple (NASDAQ:AAPL) was steady in the period that ended on September 30 at 16 million shares.The bet being made against RIM (NASDAQ:RIMM) rose 13% to 13% to 19.2 million.  The shares short in other major techs stocks dropped.

Shares short in Broadcom (NASDAQ:BRCD) dropped 14% to 19.1 million. Shares short in Juniper (NADSAQ:JNPR) dropped 11% to 36.8 million. The short interest in Symantec (NASDAQ:SYMC)  dropped 8% to 12.9 million shares. Read More »

Posted on: October 10, 2009 – 2:53 pm in Short Interest, , , , , , , , , , , , , , , , , , , , , ,

Sirius XM (NASDAQ:SIRI) Management’s Big Stock Sales

TVThere are two ways to look at management’s sales of millions of shares in Sirius XM (NASDAQ:SIRI). One is that the executives saved the company from an almost certain bankruptcy and deserve a pay day for that. The other is that the people running Sirius believe that the stock has peaked.

According to a report in The Wall Street Journal, the top five officers at Sirius plan to sell shares they have received as they vest. The total of the grants is 10 million shares which vest over 40 weeks. The executives have already sold seven million shares worth $3.2 million. Read More »

Posted on: October 7, 2009 – 5:42 am in Compensation,

Media Digest 10/7/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Wealth management firms are starting to target the not-so wealthy.

Reuters:   Gold’s record price drew a muted response.

Reuters:   Google (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), and Palm (NASDAQ:PALM) are heating up the smartphone software race. Read More »

Posted on: October 7, 2009 – 3:56 am in Press Digest, , , , , , , , , , , , , , , , , ,

SIRIUS XM Reverse Split Now Almost Certain (SIRI)

sirius-logoSIRIUS XM Radio Inc. (NASDAQ: SIRI) almost had a very bad day on Friday.  Shareholders of the biggest penny stock of them all should probably be thankful that the stock only closed down 1.4% at $0.6798.  What is interesting is that the trading volume was ‘only 40 million shares’ compared to an average volume of over 60 million shares.  The stock had been down as much 4% on the NASDAQ warning letter over the $1.00 stock rule.  Now that the market has rebounded so much, we are getting a sense that that the old $1.00 rule 5450(a)(1) is going to start getting enforced again.  In the case of SIRIUS, our thought here is that this will make the pending reverse split almost a certain event.
Read More »

Posted on: September 19, 2009 – 1:40 pm in Cult Stock, Media, Satellite, Stock Splits,

Are CBS (CBS) And Sprint (S) At Risk For Bankruptcy?

bearAudit Integrity, a research firm, has come out with a list of the large American companies which are most likely to go bankrupt in the next year. The data behind the figures seem valid, but some of the companies on the list which include CBS (CBS), Sprint (S), AMD (AMD), and Sirius XM (SIRi) seem improbable candidates.

The corporate communications staffs of these companies and their outside public relation firms will tell their managements to keep quiet and not react. A reaction, they will argue, just makes it look like Audit Integrity knows what it is doing and that there is some validity to their analysis. Audit Integrity is probably counting on that. It will get a lot of exposure for the study and little ,if any, legitimate criticism.

Audit Integrity says its research services support risk management practices that help investors, insurers and others lower risk and improve performance with objective ratings and reports.

Read More »

Posted on: September 18, 2009 – 2:34 pm in Research, , , , , , , , , , , , , , , , , ,

Sirius XM (SIRI) Gets Nasdaq Warning On Stock Price

nokSirius XM (SIRI) faces a possible delisting from the Nasdaq, according to a disclosure by the company. The firm’s common stock closed below $1.00 per share for 30 consecutive business days. That violates the Nasdaq Marketplace Rule 5450(a)(1).

Sirius has until March 10, 2010 to fix the problem. The issue disappears if the firm’s stock closes above $1 for 10 consecutive trading days.

Sirius is not left with many options. Its shares trade at $.69 and there is every reason to believe that if the company does not have extraordinary earnings for the third or fourth quarters that the stock will stay near where it is. Read More »

Posted on: September 18, 2009 – 5:40 am in Consumer Electronics, Exchange,

Media Digest 8/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Price cuts on video consoles by Microsoft (MSFT) and Sony (SNE) have causeD the competition in the field to heat up.

Reuters:   AIG’s (AIG) new CEO says he is working hard and is misunderstood.

Reuters:   Dell (DELL) results were better than expected.

Reuters:   The economy is shrinking more slowly and jobless claims improved. Read More »

Posted on: August 28, 2009 – 3:57 am in Press Digest, , , , , , , , , , , , ,

Media Digest 8/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Derivatives traders dipped into $4 trillion in client collateral.

Reuters:   Home sales and durable orders improved.

Reuters:   The US softened its stance on private equity deals to buy banks.

Reuters:   The “pay car” will probably approve the AIG (AIG) CEO package. Read More »

Posted on: August 27, 2009 – 4:00 am in Press Digest, , , , , , , , , , , , , ,

Top Day Trader Alerts (VG, WSM, TSTR, CPST, HGSI, MYGN, LDK, SIRI)

We are seeing some of the same players in the top day trader and active trader alerts, although we are also getting some new names in here as well.  There is a link to each piece for more detailed volume and price data and analysis over at VSInvestor.com:

Vonage Holdings Inc. (NYSE: VG) is hitting amazing trading after yesterday’s 100%+ gains and this morning we saw shares up sharply by yet another 39% to new 52-week highs….

Williams-Sonoma Inc. (NYSE: WSM) is hitting highs for 2009 on earnings and higher guidance.

TerreStar Corporation (NASDAQ: TSTR) is up on active volume this morning on no news…. this is an unusual volume mover considering how it trades.

Capstone Turbine Corporation (NASDAQ: CPST) is surging to recent highs on a new supply pact.

Human Genome Sciences Inc. (NYSE: HGSI) is trading up yet again, and on the same news…

Myriad Genetics Inc. (NASDAQ: MYGN) is up big on earnings and an upgrade.

LDK Solar Co., Ltd. (NYSE: LDK) is up big on news out of China.

SIRIUS XM Radio Inc. (NASDAQ: SIRI) seems to be losing momentum as the street awaits news, but we gave some recent day high-low levels for pivot points…

We apologize if some of the links are slow to load or if they time out.  Due to increased demand, we are making server upgrades this week as a result.  If you wish to be notified by email when the top day trader alerts hit, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more, you can join our open email distribution list which goes out several times per week.

-The 24/7 Wall Street Team

Posted on: August 26, 2009 – 9:10 am in Pre-Market Activity, Trading Alert, , , , , , , ,

Shorts Flee Tech Stocks (MSFT)(INTC)(ORCL)(CSCO)

bearShort sellers moved out of tech stocks in large volumes at mid-month. Based on short interest figures as of August 14, shares short in Intel (INTC) fell 33% to 88.3 million. The short interest in Microsoft (MSFT) was down 4% to 65.1 million. Shares short in Cisco (CSCO) fell 14% to 44.2 million. Short interest in Oracle (ORCL) dropped 13% to 29.5 million. The short interest in Nvidia (NVDA) dropped 29% to 26.2 million.

Among other widely followed stocks traded on Nasdaq, shares short in Sirius XM (SIRI) fell 11% to 119.6 million. Shares short in Level 3 (LVLT) were down 5% to 93.8 million. The short interest in Starbucks (SBUX) was up 10% to 44.3 million. Read More »

Posted on: August 25, 2009 – 7:00 pm in Short Interest, , , , , , , , , , , , , , , , , ,

Top Day Trader Alerts (ARAY, COCO, GME, HGSI, NVAX, BCRX, SIRI)

These are this Tuesday’s top day trader and active trader alerts with more detailed price and volume data and analysis provided by links to each story at VSInvestor.com:

Accuray Incorporated (NASDAQ: ARAY) is down but not as active on the heels of active trading last night.  We saw a drop of 10% still being in the stock….

Corinthian Colleges, Inc. (NASDAQ: COCO) did beat earnings and raise guidance, sending shares up 12% and still under the 52-week highs.  Watch APOL and CECO on the news….

GameStop Corp. (NYSE: GME) is indicated marginally lower after losing its CFO.

Human Genome Sciences, Inc. (NASDAQ: HGSI) was up the most of the active biotechs up over 7% on yesterday’s deal hopes and today’s swine flu hopes.

Novavax Inc. (NASDAQ: NVAX) and BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX) are both actively traded and higher this morning because of the swine flu boost.

SIRIUS XM Radio Inc. (NASDAQ: SIRI) is looking a little tired, but this would be a 6th day gain if it can stay strong again.

-The 24/7 Wall Street Team

Posted on: August 25, 2009 – 9:13 am in Pre-Market Activity, Trading Alert, , , , , , ,

Top Day Trader Alerts (AMD, ARIA, SIRI, SBGI, CHIC, SHLD)

We are seeing several key stocks trading very activiely and at key levels this morning.  These are this morning’s top day trader and active trader alerts, and more detailed price and volume data has been linked to on each stock over at VSInvestor.com:

Advanced Micro Devices Inc. (NYSE: AMD) is up about 5% on this morning’s upgrade from Citigroup.

Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) is running up over 10% after confirming some news in its patent case after this was one of the more active gainers after the close on Friday.

SIRIUS XM Radio Inc. (NASDAQ: SIRI) is trying to make its rally continue for a fifth straight day.

Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) is now up almost 50% in two days if this morning’s gain hold.

Charlotte Russe Holding Inc. (NASDAQ: CHIC) is up 26% on exponential volume after a private equity merger finally came to its front door.

Sears Holdings Corporation (NASDAQ: SHLD) is taking out last week’s lows after Barron’s panned the stock as “Washed Out” on poor earnings.

-The 24/7 Wall Street Team

If you want reminders on the top day trader alerts throughout the week, you can always join our open email distribution list.

Posted on: August 24, 2009 – 9:05 am in Pre-Market Activity, Trading Alert, , , , , ,

The Unusual Suspects (MELA, FSLR, GENZ, GERN, JEC, SHLD, SIRI, CRM, SPPI)

bull-and-bear-imageIt’s the weekend, and that brings about the review of “the unusual suspects” for strange activity or for being key stocks under review for the week ahead.  There are some old hat names here and some new unknown names that will be key.  We have Electro-Optical Sciences, Inc. (NASDAQ: MELA), First Solar, Inc. (NASDAQ: FSLR), Genzyme Corp. (NASDAQ: GENZ), Geron Corp. (NASDAQ: GERN), Jacobs Engineering Group, Inc. (NYSE: JEC), Sears Holdings Corporation (NASDAQ: SHLD), SIRIUS XM Radio Inc. (NASDAQ: SIRI), Salesforce.com (NYSE: CRM), and Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) all under review for the week ahead.
Read More »

Posted on: August 22, 2009 – 11:16 am in Calendar, Earnings, Editor's Picks, The Week, Trading Alert, , , , , , , , ,

Top Day Trader Alerts (SIRI, CRM, FNM, FRE, BRCD)

These are this Friday’s top day trader and active stock alerts.  We have more detailed data on volume and price analysis with links through to VSInvestor.com on each stock:

SIRIUS XM Radio Inc. (NASDAQ: SIRI) is up a second day on strong volume.

Salesforce.com Inc. (NYSE: CRM) is trading even higher than last night’s 8% gain after earnings and guidance were ahead of estimates.

Fannie Mae (NYSE: FNM) and Freddia Mac (NYSE: FRE) are both trading higher and actively ahead of existing home sales and ahead of Bernanke’s speech.

Brocade Communications Systems, Inc. (NASDAQ: BRCD) is trading lower on heavy volume after earnings and after the CEO said that predicting a recovery is like grabbing water.

-The 24/7 Wall Street Team
AUGUST 21, 2009

Posted on: August 21, 2009 – 9:04 am in Pre-Market Activity, Trading Alert, , , , ,