SiriusXM and Major League Baseball Extend Agreement and 2 Other Hot Stocks to Watch
SiriusXM Radio Inc. (NASDAQ:SIRI): Current price $3.66
Starting Monday, a six-year extension of the agreement between SiriusXM Radio and Major League Baseball takes effect, which will now allow MLB game broadcasts to become available on both Sirius and XM satellite radios. SiriusXM will continue to broadcast live play-by-plays of regular and postseason MLB games along with some spring training and Spanish-language game broadcasts up through the 2021 season.
BlackBerry Ltd. (NASDAQ:BBRY): Current price $10.37
In a Monday note to investors, Jefferies said BlackBerry has cut back its output by a minimum of 10 percent, implying that sales of its new smartphones are lagging. Analyst Peter Misek said that research indicates that BlackBerry has slashed its production levels by at least 10 percent only a month after it sharply cut its production by more than 50 percent. Misek believes the decline implies that the company will post lower revenue for its quarter ended in August than was anticipated.
Bank of America Corp. (NYSE:BAC): Current price $14.26
On Monday, the United States Hispanic Chamber of Commerce announced its choice of Bank of America as the corporate chair of its upcoming 34th National Convention, to take place September 15-17 at the Downtown Hilton in Chicago. The yearly convention is a premier event for the Hispanic business community, bringing together thousands of Hispanic business owners, elected officials, corporate executives, and more than 200 local Hispanic Chambers of Commerce from across the United States.
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