Sirius to Broadcast Kentucky Derby and 2 Other Hot Stocks to Watch
Sirius XM Radio (NASDAQ:SIRI): Current price $3.34
On Saturday, Sirius will provide comprehensive coverage of the Kentucky Derby. Listeners will be able to hear Horse Racing Radio Network’s live race call of the 139th ”Run for the Roses” beginning at 5:00 pm Eastern Time on Sirius channel 93 and XM channel 209. Beyond that, the live broadcast will be available on Mad Dog Radio, channel 86, and on channel 961 on the SiriusXM Internet Radio App, and online at SiriusXM.com as well. On Friday at 3 p.m. Eastern Time, SiriusXM will broadcast the Kentucky Oaks, which is the Grade 1 stakes race for three-year old fillies, run each year at Churchill Downs on the eve of the Derby.
Merck & Co. (NYSE:MRK): Current price $45.93
On Wednesday, Merck announced that its board has okayed additional purchases of up to $15 billion of Merck’s common stock for its treasury. The firms expects to buy back roughly $7.5 billion of common stock over the next 12 months, financed via a combination of debt issuance and operating cash flows, with the rest to be repurchased over time with no time limit. In the first four months of this year, Merck repurchased around 17.8 million shares for a total amount of $772 million.
Pfizer (NYSE:PFE): Current price $29.44
Shares have been reiterated by TheStreet Ratings as a Buy along with a ratings score of A. Analysts said that Pfizer’s strengths can be seen in a number areas, like “its solid stock price performance, growth in earnings per share, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
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