Sirius XM Radio BEGS for FCC Rejection and 2 Heavily Traded Stocks You Must Watch

Sirius XM Radio (NASDAQ:SIRI): According to a report in the Wall Street Journal, Sirius has sought shelter from the Federal Communications Commission against Liberty Media’s (LMCA) application to obtain control of the company – Sirius requested the regulator to reject the move.

A Closer Look: Will Apple Pull the Plug on Garmin?

Qualcomm (NASDAQ:QCOM): FBR Capital’s take on Qualcomm’s fortunes for this year are a mixed bag: Q2 is likely to see the unfavorable impact of lower QCT shipments due primarily to Broadcom (NASDAQ:BRCM) securing higher baseband share at Samsung, thereby giving Broadcom (also, other competitors) a more favorable outlook on share prices. The good news is that Qualcomm could see upside from the inclusion of its 4G LTE baseband in Apple’s (NASDAQ:AAPL) next iPhone; net net, the stock looks better now than earlier this year giving cause for an ‘Outperform’ rating and a PT of $70.

Bank of America (NYSE:BAC): According to a report in the Financial Times, banks are scouting the possibility of reducing their provisioning for likely default by a borrower by including the latter’s intangible assets such as patents and trademarks as recoverables – this could improve the risk profile and thereby reduce capital margin requirements in the light of the looming Basel III regulations which impose more rigorous capital standards.

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