Best Buy LOOKS DESPERATE and 3 Widely Held Stocks Making Waves Now
Sirius XM Radio (NASDAQ:SIRI): Presently, Liberty Media maintains a considerable stake in Sirius and is aiming for control. With awareness of a $1B victory within Liberty’s reach (the sale of Liberty’s stake in USA Network to Vivende Universal SA), Liberty Media can consider plans and possibilities throughout its holding that might not have existed before.
Best Buy (NYSE:BBY): In what might be an additional marker of distress, Best Buy is making available a $110 discount on Apple’s (NASDAQ:AAPL) new 15.4-inch MacBook Pro with Retina display and 256GB of flash storage as part of its July shopping deals. The retailer is promoting a sale on lots of Apple products, including iMac all-in-ones, iPods, and MacBook Pro and MacBook Air laptops.
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Micron Technology Inc. (NASDAQ:MU) in agreement to purchase Powerchip Technology Co.’s stake in Rexchip Electronics Co. as the American company discusses terms to take over Elpida Memory Inc. in the memory chip industry’s biggest consolidation in four years.
Research In Motion (NASDAQ:RIMM) shares have taken a beating, but Hudson Square analysts are taking a flyer on the BlackBerry producer, bestowing upon it a Buy rating while other analysts abandon ship. “While we believe significant risks remain should the company elect to maintain independence and / or if the company is unable to secure a buyer near-term, our strategic analysis leads us, not without trepidation, to upgrade RIM from Hold to Buy.”
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