Sirius May Surprise, BofA Attractive and 3 High Demand Stocks in the Spotlight
Sirius XM Radio Inc (NASDAQ:SIRI): Sirius XM released their Q3 subscriber additions at Liberty Media’s annual shareholder meeting on Wednesday, 10/10/2012. They added 445,921 net subscribers.
Bank of America Corp (NYSE:BAC) has seen huge growth previously, and the stock continues to be attractively valued versus the majority of those in the U.S. banking industry. On the other hand, the bank’s burden regarding litigation is ongoing, and these litigation expenses could possibly put significant downward pressure on earnings in the near future.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Intel Corporation (NASDAQ:INTC) estimates keep falling before its Q3 earnings report scheduled for Tuesday. Bernstein Research analyst Stacy Rasgon reduced his rating to Underperform from Market Perform and lowered his target to $20 from $24 on the stock due to concerns that the company’s ASPs will probably shrink in coming quarters.
Cisco Systems, Inc. (NASDAQ:CSCO): So far, the release of Windows 8 has not seen an increase in orders from the PC sector during Q4, according to DigiTimes, citing industry sources. This shrinking global demand for PC products surprises a great deal of international chipset players despite the anticipated product release.
Bank of New York Mellon (NYSE:BK) and State Street (NYSE:STT) plan to charge depositors negative interest rates if they decide to hold Danish kroner and Swiss francs since customers continue to try to find refuge form the struggling euro. This indicates that money managers, insurance companies, and pension funds will need to pay the bank to hold the cash, according to Bloomberg.
Don’t Miss: How Will the Economy Affect the Election?