6.09 0.00 (0.00%)
After hours: 5:27PM EDT
|Bid||6.09 x 39400|
|Ask||6.09 x 36100|
|Day's Range||6.08 - 6.20|
|52 Week Range||5.23 - 7.25|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||27.56|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||0.05 (0.78%)|
|1y Target Est||6.92|
NEW YORK, Aug. 19, 2019 /PRNewswire/ -- SiriusXM announced today that Dave Matthews will perform an intimate invitation-only acoustic set for SiriusXM subscribers on Wednesday, September 11 at "The Garage" performance space in SiriusXM's newly expanded LA studios. Matthews will also participate in a Q&A session with a select group of subscribers.
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
It's been almost two weeks since General Electric (NYSE:GE) announced its Q2 earnings. Although they were slightly better than expected, General Electric stock has dropped meaningfully since its results were unveiled. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsBefore you buy GE stock, you might want to consider that the biggest GE stock bear -- Stephen Tusa of JPMorgan, who was bearish on General Electric stock way back in April 2013 -- continues to be unimpressed by CEO Larry Culp's turnaround plan. * 7 Safe Dividend Stocks for Investors to Buy Right Now Investors don't seem too impressed with Culp's plan, either. Since Culp's taken the top job at GE in October 2018, the GE stock price is down about 25%.Despite the warnings of JPMorgan's Tusa, the longtime General Electric stock bear, some investors might think they should be greedy when others are fearful when it comes to GE stock. But that would be a mistake. GE isn't the company it once was, Tusa is not the only analyst who's skeptical about Culp's ability to turn the company around. Moreover, there are better stocks with share prices under $10 and there are better names with market caps of around $80 billion. There are many reasons why investors might want to think twice about General Electric stock. Here are three of them The Bear's Not BitingEven though GE beat analysts' estimates and the company raised its full-year outlook, Tusa suggested that weakness at its Power and Renewables businesses made General Electric stock undesirable."The quarter was a miss operationally, with the combined Power/Renewables segments worse (despite no H-class turbine deliveries which is accretive), offset by modest upside at Healthcare and a material miss at Aviation, the key value driver," Tusa stated in his a July 31 note to his clients. "The stock is up on the headlines, as it has been many times before, but, like in the past, the underlying core fundamentals are actually a bit worse, and we remain underweight on this basis and would be selling into any strength," the analyst added. Tusa has a $5 price target on General Electric stock at the moment. To make things worse, GE stock price breached its 200-day moving average on Aug. 9 for the first time since early June. Nine analysts have a "buy" rating on GE, nine have a "hold" rating and two have a "sell" rating. As for their target prices, the high is $21, and the average is $11.83. If GE stock price rebounds to the average target, it will have generated a return of nearly 25%. That's tempting, but I wouldn't bet against Tusa at this point. Better Choices Than General Electric Stock There aren't a lot of large-cap stocks, other than financials, with share prices of less than $10.However, I would suggest that Sirius XM (NASDAQ:SIRI), Ford (NYSE:F), Cenovus (NYSE:CVE), and CNH Industrial (NYSE:CNH) would all make better buys than General Electric stock at this point.As for large-cap stocks with market caps of around $80 billion, investors could put together a diversified, 20-company portfolio of similarly valued stocks that could do better than GE stock over the long haul.Stocks that come to mind include Mondelez International (NASDAQ:MDLZ), CVS Health (NYSE:CVS), and Intuit (NASDAQ:INTU). As I stated in July, the gains GE has made in 2019 -- it's up 23.3% including dividends, through August 9 -- are profits that should be taken. "While it might regain positive free cash flow by 2020, its earning power won't be nearly as robust as it once was. As recently as 2014, GE had almost $21 billion of free cash flow. After selling so many divisions to tidy up its balance sheet, it's lost the ability to generate significant cash flow," I wrote in a column published on July 12."Analysts like Stephen Tusa see that as a big problem. I would tend to agree with them." I added.At the end of the day, Larry Culp won't be able to return GE to its glory years. He might be able to build a reasonably sound business in three to five years, but he's never going to make it a $300 billion market cap giant like it was before the last major recession in 2008. Investors shouldn't buy General Electric stock until Stephen Tusa changes his stripes and becomes a GE stock bull. But you've probably got a better shot at winning the lottery. Once analysts are bears, they usually stay bearish. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post JPMorgan Is Still Bearish on General Electric StockÂ Â appeared first on InvestorPlace.
NEW YORK, Aug. 12, 2019 /PRNewswire/ -- SiriusXM announced today that global superstar and 10-time GRAMMY winner Taylor Swift, will exclusively perform stripped down versions of songs from the most anticipated album of the year and participate in an intimate Q&A session with a select group of subscribers as part of a SiriusXM Town Hall special on Friday, August 23, the same day that her seventh studio album Lover is released worldwide.
NEW YORK, Aug. 6, 2019 /PRNewswire/ -- SiriusXM announced today that Jess Cagle, award-winning entertainment journalist and former editor of People and Entertainment Weekly, will host The Jess Cagle Show, exclusively on SiriusXM starting this fall.
In an effort to bring in more Premium subscribers, Spotify (SPOT) has announced it’s teaming up with AT&T (T) to court the mobile carrier’s customers.
The Zacks Analyst Blog Highlights: Apple, BP, Canadian National, Advanced Micro Devices and Sirius XM
Pandora and SiriusXM announced today that GRAMMY® Award-nominated multiplatinum powerhouse trio Jonas Brothers will perform an exclusive concert in New York at Pandora LIVE on August 20 for Pandora listeners and SiriusXM subscribers. Platinum-certified global pop sensation Ava Max has been tapped to open the show that will take place at Webster Hall. Pandora listeners who are 18+ can RSVP for the free event HERE.
Sirius XM Holdings (NASDAQ: SIRI ) reported second-quarter earnings of 6 cents per share, which beat the analyst consensus estimate of 5 cents by 20%. This is unchanged from the same period last year. ...
Sirius XM (SIRI) delivered earnings and revenue surprises of 20.00% and 2.44%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
- Second Quarter Revenue Increases to $2.0 Billion ; Pro Forma Growth of 9% - Net Income of $263 Million ; Diluted EPS of $0.06 - Adjusted EBITDA Climbs 22% to Record $618 Million - $898 Million of Common ...
On Tuesday, July 30, Sirius XM Holdings (NASDAQ: SIRI ) will report its last quarter's earnings. Here is Benzinga's preview of the company's release. Earnings and Revenue Wall Street expects EPS of 5 cents ...
On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in Pinduoduo Inc (NASDAQ: PDD). Pete Najarian said options traders were also buying the at the money calls in Sirius XM Holdings Inc (NASDAQ: SIRI). Pete Najarian loves the risk-reward ahead of the earnings report.
NEW YORK, July 25, 2019 /PRNewswire/ -- SiriusXM announced today that platinum selling recording artist Drake will be coming to SiriusXM and Pandora listeners through an extensive new partnership that includes a dedicated station, curated music, and collaborations with creative talent. SiriusXM and Pandora connect directly to over 100 million fans and this partnership will mark the first major artist collaboration between SiriusXM and Pandora since the companies merged. This is the largest agreement both brands have executed with a major recording artist to date.
Sirius XM (SIRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.