Sirius XM Jumps While Target Warns More Problems May Be Ahead

Major indexes decline as consumer sentiment figures fall, and issues in Ukraine bubble up again.

Mar 14, 2014 at 9:00PM
Longview Fool Image

This morning, the preliminary Thomson Reuter/University of Michigan consumer sentiment index reading of 79.9 in March was released. That figure is lower than the 81.6 in February, and below the 81.8 that economists were expecting. That news, combined with increased uncertainty and rising tensions about the situation with Russia, was enough to push the major U.S. indexes lower today. The Dow Jones Industrial Average (DJINDICES:^DJI) lost 43 points, or 0.27%, the S&P 500 fell 0.28%, and the Nasdaq dropped 0.35% today.

One widely followed stock, Sirius XM (NASDAQ:SIRI), made news of its own this morning as the company announced it was reinstating its share buyback program after Liberty Media (NASDAQ:LMCA)decided to drop its bid to acquire the remaining 47% of Sirius that it doesn't own already. Furthermore, Sirius's management said that it remains confident it will have net subscriber additions of 1.25 million in 2014, produce more than $4 billion in revenue, and have more than $1 billion in free cash flow. Shares of Sirius XM rose 2.08% today, while Liberty Media jumped 7.22%.  

In the world of retail, there were a number of interesting develops today. One that was quite shocking came from Target (NYSE:TGT). Management warned this morning that the data breach the company experienced last year may have been more extensive than what was previously reported. The statement indicated that the information accessed or stolen may not have been limited to the 40 million customer credit card records, or the 70 million pieces of customer data. While at this time, the company is not hinting at what else may have been compromised, management warned that the company's losses may increase due to the ongoing situation, and the reputation of the business could further experience damage. Shares of the retailer fell 0.62% during the regular trading session.

Another retailer, GameStop (NYSE:GME), had a wonderful day, as shares rose 5.01%. The move came following a report from research firm NPD that found that video game sales came in much better than expected last month. Analysts were expecting sales to tumble 29% when compared to a year earlier, but they fell only 9%. Michael Olson from Piper Jaffray commented on the decline, saying that results were better than expected, and that he still has confidence in the industry. Olsen believes the industry will see improved results, and sales will grow heading into the next holiday shopping season as more gamers update consoles.

Looking for the next BIG thing in retail?
To learn about two retailers with especially good prospects, take a look at The Motley Fool's special free report: "The Death of Wal-Mart: The Real Cash Kings Changing the Face of Retail." In it, you'll see how these two cash kings are able to consistently outperform, and how they're planning to ride the waves of retail's changing tide. You can access it by clicking here.

Matt Thalman owns shares of Sirius XM Radio. The Motley Fool owns shares of GameStop, Liberty Media, and Sirius XM Radio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

Whether that's helping the entirely uninitiated overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we want to provide our readers with a boost to the next step on their journey to financial independence.

Articles and beyond

As Business Insider wrote, there are a number of resources available from the Fool for investors of all levels and styles.

In addition to the dozens of free articles we publish every day on our website, I want to highlight two must-see spots in your tour of fool.com.

For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

But the individual investor can beat the market. The real secret to investing is that it doesn't take tons of money, endless hours, or super-secret formulas that only experts possess.

That's why we created a best-selling guide that walks investors-to-be through everything they need to know to get started. And because we're so dedicated to our mission, we've made that available for free.

If you're just starting out (or want to help out someone who is), go to www.fool.com/beginners, drop in your email address, and you'll be able to instantly access the quick-read guide ... for free.

For the listener

Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. It's also featured on several dozen radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at www.fool.com/podcasts.

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

Investor Insights is valuable and enjoyable coverage of everything from macroeconomic events to investing strategies to our analyst's travels around the world to find the next big thing. Also free.

Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.


Compare Brokers