SiriusXM has managed to hold itself above the 200 day EMA this week, but has not managed to take the step above $3.50 despite several technical indicators that point to the equity being bullish. In my opinion the street is simply waiting for the fundamental story on the… → Read More
SiriusXM Technicals Remain Cautiously Bullish
We are certainly in an interesting place with SiriusXM. The technicals are telling a bullish story. My only hesitation is that we are fast approaching the quarterly call, and volume is drying up as the equity holds in a critical area of support and resistance without really breaking… → Read More
SiriusXM In Hot Water Over Mailing Envelopes
SiriusXM has had its share of spats with consumer advocate groups regarding marketing practices over the years. There have also been a handful of lawsuits centered around people receiving unwanted communications from the satellite radio provider, and suits complaing that SiriusXM is obtaining personal information about car buyers…. → Read More
SiriusXM Gets Bullish Going Into Quarterly Call
The technical signals are all green, the EMA’s are set up nicely, and everything seems to be in place for SiriusXM to finally make a bullish run. The big question now is whether the quarterly call will support this new bullish sentiment, or whether the recent changes are… → Read More
SiriusXM Announces More Share Buy-Backs
SiriusXM has announced that its Board of Directors has approved an additional $2 billion common stock repurchase program. In total, the share buy-back program now carries an overall value of $6 billion. The announcement did not state whether Liberty Media, the majority holder of SiriusXM share would participate in… → Read More
June Car Sales Data
June saw the nice trend in new car sales continue with just over 1.4 million new vehicles sold. The trend in the categories continue with just about half of the new cars sold being in the “unpaid” promotional subscription category, meaning that the satellite radio equipped cars sold… → Read More
Opie With Jim Norton?
Today marks the first day that the Opie and Anthony Show has aired a live show since the firing of Anthony Cumia. This weekend I noticed that the channel art on my iPod registered the channel as “SiriusXM TALK” instead of the Opie and Anthony Channel. That switch… → Read More
Near Term Bearishness In SiriusXM
SiriusXM did go and test above the 100 day and the 200 day EMA’s over the past week, but the equity could not hold those levels and Friday closed down to $3.38. The good news is that the bearish move lacked volume, which means there was not a… → Read More
June Auto Sales Are Positive For Satellite Radio
June 2014 auto sales are in and the numbers remain quite positive for satellite radio. Sales this June were 1% better than a year ago and the overall pace for 2014 is still above 16 million units. With satellite radio being installed in nearly 70% of new cars,… → Read More
SiriusXM To Announce Q2 Results July 29th
SiriusXM will announce Q2 2014 financial results on Tuesday, July 29, 2014 at 8:00 AM. The company typically releases financials shorty before the call, and the pre-market call is standard. Analysts are expecting the company to announce a profit of 2 cents a share on revenue of about… → Read More
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