Sirius XM and 4 Stocks Sizzling Higher After Memorial Day
Sirius XM (NASDAQ:SIRI): More than 1,200 Ford L (NYSE:F) and Lincoln dealerships nationwide will supply buyers of pre-owned vehicles that include a factory-installed satellite radio with a three-month SiriusXM subscription.
Toyota Motor Corporation (NYSE:TM), along with Nissan (NSANY) and Honda (NYSE:HMC) (together making up the three major auto manufacturers in Japan), announced raises in April domestic production and sales. This calls attention to recoveries on the part of all three following last year’s earthquake and tsunami negatively affected supply chains and reduced demand, according to the Wall Street Journal. Toyota shares are trading 0.65% higher today.
Investing Insights: Morning Movers: Facebook Fumbles to New Lows, Chesapeake Surges.
Chesapeake Energy (NYSE:CHK): Stifel Nicolaus believes Chesapeake valuation is set to increase thanks to the company lowering its costs and conducting more asset sales following the announcement of Carl Icahn’s 7.6% stake in the company. Stifel holds to a Buy rating.
Intel Corp. (NASDAQ:INTC)’s Atom D525 Pineview processor is facing serious supply shortages, reports Digitimes, with numerous IPC players forecasting shipment drops in May and June that could potentially affect Q3 performance.
Hewlett-Packard (NYSE:HPQ)’s patent lawsuit with Brazilian Multilaser Industrial Ltda regarding HP’s integrated printhead inkjet cartridges has been amicably settled. In the agreement, Multilaser admits HP’s patents are viable and were infringed upon. Multilaser also will halt selling the cartridges in question in its home country and others where HP has corresponding patent rights, and will pay back some of the litigation expenses to HP.
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