5.66 0.00 (0.00%)
After hours: 4:00PM EDT
|Bid||5.64 x 42300|
|Ask||5.65 x 28000|
|Day's Range||5.51 - 5.69|
|52 Week Range||4.11 - 7.40|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||24.61|
|Earnings Date||Jul. 30, 2020|
|Forward Dividend & Yield||0.05 (0.93%)|
|Ex-Dividend Date||May 07, 2020|
|1y Target Est||6.42|
When Warren Buffett invests in a company, it pays to find out why. The legendary value investor bought his first stock at age 11 and now, 78 years later, he is the fourth-richest man in the world and the head of the $430 billion holding company Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). Berkshire's portfolio is publicly available through SEC filings, giving regular investors a glimpse into the mind of the oracle of Omaha.
In line with rumors that surfaced earlier this month, SiriusXM (NASDAQ: SIRI) officially confirmed this week that it will acquire podcasting platform Stitcher from E.W. Scripps (NASDAQ: SSP). The satellite radio company has been aggressively expanding into streaming in recent years, including its $3.5 billion acquisition of Pandora Media that closed last year. SiriusXM is trying to better compete with Apple (NASDAQ: AAPL) and Spotify (NYSE: SPOT), which collectively dominate both music streaming and podcasting.
Sirius XM Holdings Inc said on Monday it will buy E.W. Scripps Co's podcast business, Stitcher, for up to $325 million, as the U.S. satellite radio company pushes further into the podcast space. Stitcher streams popular podcasts such as "Freakonomics Radio", "Conan O'Brien Needs a Friend" and "My Favorite Murder" and will help SiriusXM better compete with the podcast libraries of Apple Inc and Spotify Technology SA. Last year, SiriusXM signed a multi-year deal with Walt Disney Co, allowing it to create exclusive weekly podcasts including five new series on popular Marvel characters such as Wolverine, Hawkeye, Black Widow and Star-Lord.
After Spotify's (NYSE: SPOT) recent string of podcasting deals, it's kind of weird to see a podcast acquisition where Spotify isn't involved. E.W. Scripps (NASDAQ: SSP) has been shopping around its Stitcher podcast platform for a couple of weeks, and it looks like it found a buyer in SiriusXM (NASDAQ: SIRI). At the time of the acquisition, Spotify CEO Daniel Ek exclaimed: "We bought the next ESPN."
Sirius XM (SIRI) is set to acquire Scripps' podcast platform, Stitcher in an attempt to strengthen its position among other competitors in the podcasting industry.
Sirius XM Holdings is close to a deal to acquire E.W. Scripps’ Stitcher Inc. podcasting unit for nearly $300 million, the Wall Street Journal reported.
Each of these companies has a strong business model and the potential for long-term growth. The first pick is Jumia (NYSE: JMIA), a troubled e-commerce company poised for a comeback. The second pick is Glu Mobile (NASDAQ: GLUU), a mobile game developer that can thrive amid the coronavirus pandemic.
Here are some stocks trading for less than that $10 bill that Alexander Hamilton is gracing. I'm not throwing away my shot.
TORONTO, June 30, 2020 /CNW/ - SiriusXM and U2 announce today that the band's much-anticipated U2 X-Radio channel will launch Wednesday, July 1 at 3 p.m. ET, exclusively on SiriusXM Channel 32. A complete immersion into the work and influences of the band from the Northside of Dublin, U2 X-Radio is U2 as you have never heard them before.
While it's true that a stock's performance should be relatively in line with the company's, ultimately, the dollar value of a share is a function of both the company's underlying results and how many shares have been issued. In this day and age of mobile broadband, it seems rather amazing that a hardware-specific, subscription-based satellite radio business can thrive. The company's revenue growth has been just as reliable for longer.
TORONTO, June 29, 2020 /CNW/ - SiriusXM Canada, the country's leading audio entertainment company, today announced The Tragically Hip Town Hall, featuring Rob Baker, Johnny Fay, Paul Langlois and Gord Sinclair, sitting down for a live discussion and interview on June 30 at 7 pm ET. The special will be available on SiriusXM Canada and the band's Facebook pages, and The Tragically Hip Radio (ch.
TORONTO, June 26, 2020 /CNW/ - SiriusXM and Ford Motor Company of Canada, Limited have announced that SiriusXM with 360L – SiriusXM's newest and most advanced audio entertainment platform – will make its Ford debut in the 2021 F-150. SiriusXM with 360L is planned to be available on all future Ford models with its next generation SYNC® 4 communications and entertainment system.
The New York Times Company's (NYT) greater emphasis on subscription revenues and lower dependency on traditional advertising revenues puts it in a better position to tide over the pandemic.
The consumer discretionary sector, which suffered a severe setback due to coronavirus, registered strong growth once the economy bottomed out.
The first pick is Walt Disney (NYSE: DIS), a diversified entertainment company poised to bounce back from the pandemic. The second is DraftKings (NASDAQ: DKNG), an investment in the rapidly growing sports betting industry. Third is Sirius XM Radio (NASDAQ: SIRI), a satellite radio provider that is a market leader in the lucrative sports broadcasting industry.
Fox Corporation (FOXA) expands broadcast partnership with Sirius XM through availing Fox News original programming podcasts for Pandora.
Sirius XM's (SIRI) overall business is expected to take a hit from bleak economic scenario and uncertainties related to the COVID-19 outbreak.
Lower-priced stocks tend to have smaller market caps and generally present a better opportunity to get in early on a company's long-term growth. There are plenty of options out there to find potential investments trading at a lower price, but it's harder to find great companies trading so low. The first pick is Sirius XM (NASDAQ: SIRI), a Warren Buffett-backed bet on satellite radio.
Sonic Automotive Inc, which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then it changed its executives' pay packages - handing them a multimillion-dollar windfall. On April 10, Sonic's board gave its top executives stock options to replace performance-based share awards, regulatory filings show.
Satellite radio veteran Sirius XM (NASDAQ: SIRI) has made millionaires before. Sirius XM saw its annual revenues rise by 86% over the last five years. Pandora added $1.6 billion to Sirius's sales last year.