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SiriusXM Holdings Inc.

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SIRI trade ideas

SIRI - Getting Sirusly BullishSiri earnings are here and there are MANY reasons to be bullish. Fundamentals Warren Buffet's Berkshire has been buying relentlessly over recent months. The stock is down 68% from its high in July this year. Siri's earnings have been exceptional for years. Tomorrow (31st October) is predicted to be no different. Gross margins of 49%, EBITDA margin of 29% and P/E ratio of 8.2 in prior quarter. Technicals RSI has put in a higher-low & is giving us a glimpse of divergence. The price recently put in a lower-low, suggesting selling pressure is limited from here. From a technical perspective, NASDAQ:SIRI is just about to complete a 7 year accumulation phase in a wedge pattern (yellow). When it does so, it will also put the finishing touches to an inverse head & shoulders (or cup and handle) pattern that has lasted 23 years. That head was a HUGE elongated structure, after the stock was teetering on the verge of bankruptcy in 2008/9. By taking the height of the H&S structure and applying it on-top (white arrows), you get an eventual price target (T2) of, that's right ....$10,100 a share. 370x from current levels. That T2 target also corresponds with the 2.0 fibonacci level. An earlier more modest initial target is the 1.414 fib, of $530 (19.3x). This coincides with it's prior all-time high and where the stock may find a place to rest for a breather on it's meteoric rise. An extended T3 target for the 2040s would land in the fib pocket (2.272/2.414) priced at between $40k - $80k a share. And yes. I'm deadly Sirius . Summary NASDAQ:SIRI looks like it will be shining bright until at least 2030, and likely beyond. One of the best value investors of all-time agrees (at a time when he is raising significant cash from Apple & Bank of America) amidst uncertainty & a transition of infrastructure. Satellite communication companies are really about to kick into their adoption phase. We may all soon realise why Siri is a crucial part of that future.
NASDAQ:SIRILong
by DigiDavid
4
SIRI, It is time.Above historical support/resistance line Weekly Bullish Engulfing Candle RSI and MACD Divergences Daily/Weekly/Monthly Bottomed out WILLIAMS% Daily/Weekly/Monthly turning up on daily now. 7 P.E TOP EARTIME for PAID CONTENT including YOUTUBE/Spotify/Netflix Lowest CHRUN, even lower than NETFLIX VERY CHEAP compared to SPOTIFY BERKSHIRE now owns 31% of company Berkshire is essentially a share buy back if you ask me, because the shares are gobbled up and carried forever. The company is also a cannibal for its shares, it loves them and buys them back. Sooner or later, and most likely now, there are going to be no more shares for sale. This is one of the most amazing opportunities of a life time I think.
NASDAQ:SIRILong
by MikeMM
Sirius XM Rebounds After Major DropShareholders of the audio service provider Sirius XM Holdings had little reason to be happy in 2024: the stock lost more than 50% of its value since December 2023. Now, a clear stabilization trend is emerging: a nearly ten-year-old sell-side liquidity was taken from the weekly chart. The price recently reacted with signs of bottom formation and made significant gains on Friday, although the initially overly euphoric increase was sold off. Nevertheless, we see a short- to medium-term long opportunity here, mainly due to its good risk-reward ratio (RRR).
NASDAQ:SIRILong
by Ochlokrat
3
SIRIUS XM Stock Chart Fibonacci Analysis 013124 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 126/61.80% Chart time frame : C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NASDAQ:SIRI
by fibonacci6180
SIRI is pulled back for a LONG entryOn 1 120 minute chart, SIRI is now well positioned having tested the support of two sets of VWAP bands anchored back two earnings periods and so 3 months apart. The mean VWAPs are confluent and so form strong support. I expect the price to return to the early December high and test that level. In the past day a buying volume aberrant spike was printed. The MACD lines have been crisscrossing under the histogram signaling support of the cons9olidation of price with a series of Doji candles before the final engulfing green dandle. Of interest, the next expiration of the options is February 16th. On that date the dominant option strikes are %5.00 , %5.50 and $6.00 $5.00 is the present level for the strong support of the confluent mean VWAPs aforementioned It is in this range that I will join the options activity for the time being. I will take a few calls at each strike level as they are presently priced at $ 12- $ 32 per contract. I will also take 10-20 shares of stock in a short position to provide a little risk-off hedging.
NASDAQ:SIRILong
by AwesomeAvani
$SIRI - A Possible $AAPL Merger in the Making?Known as the "Oracle of Omaha," Warren Buffett is renowned for his ability to move markets through Berkshire Hathaway's disclosed buys or sells. This phenomenon has been termed the "Warren Buffett Effect”.  Buffett is arguably the best investor ever to live, and due to his success and the large number of investors attempting to emulate his every move, any company lucky enough to get into Buffet's crosshairs usually gets a significant pump. The latest lucky company to experience the “Warren Buffett Effect” is Sirius XM Holdings Inc. (NASDAQ: SIRI), whose stock soared 16% after Berkshire Hathaway disclosed a new 9.6 million-share position valued at $43.8 million in his latest 13F disclosure last week. There were other new buys listed, but why was SIRI stock the only company to get investor love? Well, it could be that Sirius XM has been struggling over the past years. Or it could be that the company hit a 7-year low earlier this year. Or maybe that Sirius XM’s Volatility has always been a mainstay for its stock since its IPO nearly 30 years ago. This is weird, especially since Buffet is known for investing only in solid companies with proven track records. So, does Buffet see an undervalued company about to turn around? SIRI History Sirius XM was founded in 1990 by David Margolese, Robert Briskman, and Martine Rothblatt as a satellite radio service called Sirius Satellite Radio. The company IPO’d in September 1994 at $4.5. However, it failed to capture investors' interest because they feared the FCC wouldn't allow satellite radio to be deployed. The share price quickly started to fall in the coming months, reaching a low of $1.4.  It wasn't until Margolese, the CEO at the time, spent the following years after raising US$1.6 billion and successfully lobbying the FCC to allow satellite radio to be deployed, that the SIRI stock price started rebounding and entered an uptrend in 1996, reaching an all-time high of $69.44 at the peak of the bull market by 2000.   But the success was not meant to last, and when the dot-com bubble burst in 2000, and the stock market crashed, Sirius XM went down with it. A year later, Margolese left the company, leaving his role as CEO and handing over the reins to Joe Clayton, former CEO of Global Crossing. Sirius XM wouldn't break out of its downtrend until 2004, right around the time Clayton stepped down as CEO, and Mel Karmazin, former president of Viacom, took over for him. In 2005, rumors started swirling that Sirius and XM would merge in a behemoth FWB:13B deal. However, as luck would have it, when the housing bubble burst, causing the market to crash. That sent Sirius XM to an all-time low of just 5 cents, bringing it to the verge of bankruptcy.  After a 57-week review process, the U.S. Justice Department approved the Sirius and XM merger on March 24, 2008, and with a $530 million loan from Liberty Media, the media conglomerate founded by John C. Malone in February 2009, in exchange for a 40% equity stake in SiriusXM, they were able to avoid declaring bankruptcy, peaking near $7 in 2018, a level it wouldn't reach again till after 2020.  Continuing the theme of bad luck, we know what happened in 2020. The pandemic hit and took the markets down with it, and with the people not being able to use their cars, the stock dropped to $3.75, consolidating between $5 and $7.  That was until February 2nd, 2023—the date of the fateful 2022 annual report. SIRI stock declined by as much as 44% on 2023 guidance, expecting negative self-pay net adds resulting from economic and demand uncertainty as well as softening auto sales due to macro conditions.  Since then, it’s been a rollercoaster for Sirius XM as it went on to climb 143% from May to July 2023, before sacrificing 56% of its gains in the next two months, then rebounding on Berkshire Hathaway’s news on November 15th. So now that we understand the valiantly that surrounded Sirius XM’s stock performance over the years, let’s dive deeper into Berkshire Hathaway’s new position in the company and what it could be about. Why Did Buffet Invest in SIRI Stock? There are many reasons why Berkshire Hathaway initiated a position in Sirius XM. After all, Buffett has always been enamored by the media and entertainment biz. In his words, ''I like media companies as a business,''  ''I'm interested in the product. I always thought the media had a bright future, but it took Wall Street a long time to appreciate that.'' These were his words in a New York Times interview after he played a key role in brokering Capital Cities’ acquisition of ABC in 1985.  But that isn’t enough, right? A savvy investor like Buffett wouldn’t invest in a company just because he likes its sector. In fact, Sirius XM has many attractive points that Buffett could leverage to see a return on his investment. Buffett has a famous saying: "A truly great business must have an enduring 'moat' that protects excellent returns on invested capital." The moat Buffett is talking about refers to a competitive advantage that makes a business unique and better than others.  Sirius XM has just that. After regulators approved the merger of Sirius and XM in 2007, it’s essentially been a monopoly in satellite radio. Yes, there is a lot of competition in the audio entertainment scene with players like Spotify, Apple, and Amazon, but Sirius XM is the undisputed leader of premium satellite radio.  In fact, as of 2022, Sirius XM has a penetration rate of 83% among new vehicles and 53% among used vehicles. This is why Sirius XM can easily charge $14 a month for its cheapest plan. Sirius XM offers robust coast-to-coast access to premium content for drivers, a feat not many can say. It’s the undisputed market leader that owns its niche, and this is what Buffett loves. While that could be enough for Buffet to invest, given that Sirius XM satisfies his main requirements for buying a company, there are a few other reasons that not a lot of people have considered.   Given Buffett’s status as a living investment legend, he has access to information regular investors may find out weeks or months later when the company announces the news. It is this insider access that might have driven Berkshire Hathaway’s investment in Sirius XM. But what could Buffett know that the public doesn’t know yet?  The Apple Link We know that Apple is currently Berkshire Hathaway’s largest holding. In fact, Apple makes up around 50% of Berkshire Hathaway’s investments.  Over the past several years, rumors have surfaced about Apple’s intention to enter the automotive industry through an alleged “iCar.” However, Apple has not announced any such plans.  However, the automotive industry is still very lucrative. So, how can Apple get access to this sector? Easy: entertainment.  In 2014, Apple launched CarPlay, which enables a car radio or head unit to be a display and controller for an iPhone. Basically, CarPlay allows people to connect their iPhones to their car radios. But still, CarPlay has many limitations.  The most significant limitation of CarPlay is that it’s dependent on a stable internet connection to access and display apps or stream music. So if you’re in an area with poor or no internet coverage, like when traveling, these features may not work correctly or at all. Another limitation is that not all apps on your Apple device are compatible with CarPlay. Thus, you only have access to a limited number of apps and features when connected.  I think you know where this is going. Sirius XM is a satellite radio. So, it doesn’t need good coverage to work; it can work anywhere. Also, since Sirius XM is a radio, it isn’t as distracting to drivers as CarPlay can be.  But Sirius XM's most crucial advantage over CarPlay is market penetration. As I mentioned earlier, Sirius XM is equipped with 83% of new cars and 53% of used cars in the US. This is a massive market that Apple isn’t monetizing since CarPlay doesn’t contribute to its revenues or profits. It just serves as a way to maintain iPhone users’ loyalty to the brand.  So now that we can see where Sirius XM can help Apple, a possible reason why Buffett invested in Sirius XM could be a potential upcoming partnership between Apple and Sirius XM. Or even better for Sirius XM’s shareholders, Apple may be contemplating potentially taking over Sirius XM.  This move would help Apple’s declining revenues return to growing since it could recognize Sirius XM’s subscriptions as its own revenue. Not only that, but Apple can also integrate its other services like Apple Music or Apple TV into Sirius XM’s plans, giving it a strong presence in the US auto market.  This is a potential reason why Berkshire Hathaway invested in Sirius XM. But there’s still another possible reason. Liberty Media Merger? If we look at Berkshire Hathaway’s other buys, we can see that Buffett’s conglomerate bought $8 million worth of shares in the Atlanta Braves MLB team. Berkshire Hathaway also increased its stake in Liberty Media by 16 million shares, so Buffett’s total position is worth around $2.6 billion. Sirius XM, Liberty Media, and the Atlanta Braves have something in common, or better say, someone. The Cable Cowboy, John Malone. Seen by some as a rival to Buffett, Malone is the Chairman of Liberty Media, which is the parent company of the Atlanta Braves and the majority shareholder of Sirius XM.  Back in September, the Liberty Sirius XM Group proposed to merge with Sirius XM. While a merger is usually good for the acquired company, this deal is too risky for Sirius XM shareholders. Liberty Media currently owns 83% of Sirius XM, meaning all other investors own 17% of the company. But Liberty Media is proposing to create a new company into which it will place its Sirius XM shares alongside debt associated with them, spin this company out to Liberty’s shareholders, and combine it with Sirius XM.  Sounds confusing, I know, but this is the way Malone likes to conduct his business. In simple terms, all of this means that Sirius XM shareholders will own 16% of the company, which would be dilutive to Sirius XM shareholders.  But now that we know that Buffett, who’s already involved with Liberty Media, actually initiated a position in Sirius XM, this could be a sign that Liberty could be preparing to send an improved proposal that pays a premium to Sirius XM’s current shareholders. After all, Warren Buffett didn’t invest in Sirius XM to get diluted.  Yeah, this could happen, and nothing Buffett does is guaranteed; he, too, has his misses, believe it or not. But the chances of that happening are pretty slim. Technical Analysis On the hourly chart, SIRI stock is in a bullish trend as it is trading in an upward channel. Looking at the indicators, the stock is above the 200, 50, and 21 MAs which is a bullish sign. However, the RSI is approaching overbought at 65 while the MACD is bullish. In terms of its fundamentals, SIRI stock benefited from Berkshire Hathaway’s buy as it soared 16% on the revelation. While the stock has pulled back since then, Berkshire’s buy could be a solid indication that positive news could be coming soon for SIRI stock given Buffett’s track record. As such, bullish investors could find a good entry point on tests of the lower trendline at around $4.6 to start a long position in the stock. SIRI Forecast In conclusion, Berkshire Hathaway’s recent investment in SIRI stock has been surprising, to say the least. But given Buffett’s connections and possible insider information, there’s a chance Sirius XM merges with Liberty Media on favorable terms to Sirius XM’s shareholders. Or even better, Apple, Berkshire Hathaway’s largest position, could leverage its connection to Buffett and acquire Sirius XM in what would be a big move by Apple to enter the auto market.
NASDAQ:SIRI
by Penny_Stocks_Today
1
SIRI | Great Long Entry | LONGSirius XM Holdings Inc., an audio entertainment company, operates audio business including subscription entertainment services in the United States. It operates through Sirius XM, and Pandora and Off-platform segment. The company's Sirius XM segment provides music, sports, entertainment, comedy, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio system and streamed via applications for mobile and home devices, and other consumer electronic equipment. Its Pandora and Off-platform segment operates music and podcast streaming platform, which offers personalized experience for listener through computers, tablets, mobile devices, vehicle speakers, and connected devices. In addition, the company offers podcasts including true crime to politics, sports, comedy, and other podcasts under Stitcher brand. Further, it distributes satellite radios through automakers and retailers, as well as its website. The company also provides location-based services through two-way wireless connectivity, including safety, security, convenience, remote vehicles diagnostic, maintenance and data, and stolen or parked vehicle locator services. Additionally, it offers satellite television services, which offer music channels on the DISH Network satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; and real-time traffic and weather services, as well as music programming and commercial-free music services for commercial, office, restaurants, and other business. The company was incorporated in 2013 and is headquartered in New York. Sirius XM Holdings Inc. is a subsidiary of Liberty Media Corporation.
NASDAQ:SIRILong
by DivergenceSeeker
6
$SIRINASDAQ:SIRI On Thursday, July 20, 2023, the stock price of Sirius XM Holdings Inc. ( NASDAQ:SIRI ) showed impressive growth, gaining 42.26% in a single trading day, soaring from $5.49 to $7.81. This marked the fourth consecutive day of gains for the stock, and investors are eagerly awaiting to see if the momentum will continue or if there might be a minor pause in the coming days. Throughout the trading day, the stock's price fluctuated significantly, ranging from a low of $5.43 to a high of $7.95, indicating substantial market activity. Over the last 10 days, the stock has experienced gains in 9 of them, accumulating a remarkable 75.9% increase over the past two weeks. Trading volume also saw a substantial surge on the last day, alongside the rising price, which is viewed as a positive technical signal. Approximately 94 million more shares were traded compared to the previous day, with a total of 125 million shares exchanged, amounting to approximately $973.72 million in transactions. According to the current short-term trend, the stock is projected to rise by 26.20% over the next three months. There is a 90% probability that the stock will hold a price between $5.96 and $9.86 at the end of this three-month period. In terms of technical analysis, the stock holds buy signals from both short and long-term Moving Averages, indicating a positive forecast. Additionally, the relationship between the two signals, where the short-term average is above the long-term average, also supports a buy signal. On potential corrections downward, there may be support from the lines at $5.43 and $4.30. However, a breakdown below these levels would issue sell signals. Furthermore, a buy signal was issued from a pivot bottom point on Tuesday, May 09, 2023, and the stock has risen 128.36% since then. This indicates the potential for further upward movement until a new top pivot is found. Moreover, the 3-month Moving Average Convergence Divergence (MACD) also provides a buy signal. Additionally, the rising volume along with the price is considered a positive technical signal. As with any investment decision, it's essential for investors to conduct thorough research and analysis before making any financial moves. While the recent performance of the stock appears positive, it's crucial to assess the company's fundamentals and market conditions before making any investment choices.
NASDAQ:SIRILong
by MpowerTradez_
#SIRI trade plan up to 18-Aug-23Straddle detected. Notional value - 900.00 K$. Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance. We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. We do the best research as we can to find new opportunities in the massive amount of information every day to help you make data-driven trading decision. Our goal is to demonstrate to retail traders how Smart Money is using methods and trades to make more profits with less risk. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!
NASDAQ:SIRI
by ClashChartsTeam