Jon Huntsman Debuts New Show on Sirius XM Radio and 2 Other Hot Stocks to Watch
Sirius XM Radio Inc. (NASDAQ:SIRI): Current price $4.11
On Tuesday, Sirius announced that Jon Huntsman, former governor of Utah and former United States Ambassador to China, will debut his No Labels Radio with Jon Huntsman, a weekly, one-hour program in conjunction with No Labels, a growing movement of Democrats, Republicans, and independents who are committed to the politics of problem solving, on SiriusXM P.O.T.U.S., the 24/7 non-partisan channel dedicated to “the Politics of the United States.” Presently, Huntsman serves as No Labels’ co-chair. He observed that, ”There doesn’t have to be a state of perpetual fighting and gridlock. We hope to show SiriusXM listeners that there are political leaders in both parties who are deeply committed to reaching across the aisle, finding common ground and tackling the nation’s toughest problems.”
Groupon Inc. (NASDAQ:GRPN): Current price $9.76
Groupon shares are down about 8.5 percent on Tuesday, at one point tripping Nasdaq’s short-sale circuit breaker, subsequent to an analyst report warning of a slide in domestic gross billings. Analyst Steve Weinstein at ITG Investment Research wrote that, “September’s domestic trends for GRPN slowed significantly on the heels of a weak August. We believe there is risk to third-quarter domestic gross billings estimates.” The analyst forecast a reduction in third-quarter billings from the previous quarter and a low 20-percent year-on-year growth.
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX): Current price $36.21
Freeport posted better-than-anticipated third-quarter results on Tuesday, driven by recently purchased oil and gas operations, causing shares to move up by 3 percent. The beat was in the face lower metals prices that pressed on earnings. Analyst Garrett Nelson at BB&T Capital Markets remarked, “A very big quarter for them. The beat was mainly driven by the oil and gas segment, where sales, realizations, and production costs all came in better than what we had estimated.”
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