Sirius and stock market

Sirius and stock market

Posted: webname Date: 13.07.2017

Sirius XM Radio - SIRI - Stock Price & News | The Motley Fool

Founded in by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Shares of Sirius XM Radio NASDAQ: The satellite-radio provider's stock has moved higher for seven consecutive trading days.

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The shares have soared There weren't a lot of new developments propelling the stock higher during last week's ascent. CEO Jim Meyer was presenting at the annual J. M organ Global Technology, Media, and Telecom Conference on Tuesday morning, but Sirius XM isn't the the type of stock to move based on analyst presentations.

Pandora rebuffed that move. The market clearly likes the idea of Sirius XM with Pandora in its arsenal. The real surprise is that investors haven't been as enthusiastic about Pandora's stock.

sirius and stock market

Shares of Pandora initially popped higher on the news, but the stock has moved only 3. Buying Pandora would make sense. Sirius XM and Liberty Media know their satellite-radio platform is popular with drivers -- accounting for the lion's shares of its Pandora, meanwhile, is struggling these days with languishing growth, but it has a huge established base of users who rely on its music-discovery algorithms to crank out curated playlists.

There are also some obvious cross-selling opportunities for both consumers that can take advantage of both platforms and advertisers that want to reach wider audiences. The pairing would be a good combination either way, making Pandora a speculative buy and validating Sirius XM's success as an investment.

Rick Munarriz has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Pandora Media. The Motley Fool has a disclosure policy.

SIRI : Summary for Sirius XM Holdings Inc. - Yahoo Finance

Rick has been writing for Motley Fool since where he's a Consumer and Tech Stocks Specialist. Yes, that's a long time with more than 20, bylines over those 22 years. He's been an analyst for Motley Fool Rule Breakers and a portfolio lead analyst for Motley Fool Supernova since each newsletter service's inception. He earned his BBA and MBA from the University of Miami, and he splits his time living in Miami, Florida and Celebration, Florida.

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sirius and stock market

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