‘New’ News Corp. Trades Up In NY and 2 Other Hot Stocks To Watch
News Corp. (NASDAQ:NWSA): Current price $32.37
Shares of the publishing firm spun off News Corp. are trading up by nearly 1.5 percent on the NASDAQ in late morning, after making their debut in Sydney, which price gave the new company a market value of roughly $8.43 billion, said The Wall Street Journal. The shares are trading in Sydney on a conditional and deferred settlement basis, which means that an investor will not actually own the security until the split formally occurs on June 28th; the shares are trading on a like basis on the NASDAQ.
Nvidia Corporation (NASDAQ:NVDA): Current price $14.95
At the Reuters Global Technology Summit in San Francisco on Tuesday, Chief Executive Jen-Hsun Huang indicated that he will license graphics tech to other firms, initiating a new model for the chipmaker, which could lead to new business relationships with Apple, Samsung, and other mobile device makers. Huang said that licensing graphics cores and visual patents would aid Nvidia in taking greater advantage of the torrid market for smartphones and tablets, and also to access markets that it could not reach by means of only selling its own chips. The CEO commented that, “The bottom line is the world has changed and we’re expanding our business model to serve markets that we historically could not serve by selling chips alone.”
Sirius XM Radio (NASDAQ:SIRI): Current price $3.45
Ford Motor Company is set to be the first automaker to debut MySXM and SiriusXM on demand along with satellite radio in vehicles. For the first time, subscribers will be enabled to control SiriusXM Internet Radio programming and also listen to SiriusXM’s personalized commercial-free music channels, on their vehicle’s in-dash radio. Customers buying a new Ford vehicle will receive a six-month All Access subscription for SiriusXM’s premium programming by satellite, and will be able to access SiriusXM Internet Radio anywhere .
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