Sirius Stock Predictions: Rising Sales of Smart Home Speakers Is A Tailwind For Sirius XM

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Summary:

  • Sirius XM can get a boost from rising sales of smart home speakers.
  • Amazon’s Echo series of home assistants and Sonos wireless speakers now support Sirius XM. The Alexa-powered Echo is the world’s best-selling smart speaker.
  • CIRP estimates that there are now 45 million smart speakers in use in the United States.
  • Smart home speakers can help Sirius XM reduce its reliance on car sales. The impending risk is future cars might drop the satellite radio in favor of connected infotainment.
  • SIRI has bullish near and long-term algorithmic market trend forecasts.

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Sirius Stock Predictions: Time To Sell Sirius XM, It’s Stock Will Likely Be Stagnant This Year

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Sirius Stock Predictions

Summary:
  • I made a buy rating for Sirius XM last May 31, 2016. Its stock has since risen +36%
  • I now advise people to do some profit taking on SIRI now. The stock has reached its peak and will likely trade sideways for the rest of the year.
  • I do not see any serious catalyst that can propel SIRI near or above $6.00.
  • The $480 million investment on struggling music streaming service Pandora is also money not well spent by Sirius XM.
  • I Know First has negative one-year algorithmic trend forecast for Sirius XM. Better get out of this stock now and find more promising investments.

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SIRI Stock: Sirius XM Has 20% Upside Potential

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First. 
  • SIRI’s stock price has largely been flat this year.
  • This is in spite of the fact that Sirius XM has better ROA and ROI ratios than its industry peers.
  • Sirius XM is still profitable in spite of Apple’s entry in subscription-based music streaming.
  • Satellite radio still works without the need for costly mobile data subscriptions.
  • I Know First Algorithmic signal is currently bullish on the SIRI stock for the long term

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