StockCall Pre-Market Review on SIRIUS XM, Pandora Media, Sinclair Broadcast,
CBS Corp., and Grupo Televisa
LONDON, March 5, 2013
LONDON, March 5, 2013 /PRNewswire/ --
The increasing popularity of Internet radio has been one of the biggest trends
in the Radio industry. While Pandora Media Inc. (NYSE: P) has been a major
provider of Internet radio services, the company is now facing increasing
competition from satellite radio company Sirius XM Radio Inc. (NASDAQ: SIRI).
Meanwhile, an improving economy means that advertisers will be spending more.
This augurs well not only for radio industry, but also for TV broadcasters
such as Grupo Televisa SAB (NYSE: TV), CBS Corporation (NYSE: CBS), and
Sinclair Broadcast Group Inc. (NASDAQ: SBGI). On Monday, broadcasting stocks
ended mostly higher, tracking gains in the broad market. StockCall analysts
initiated preliminary technical research on SIRI, P, TV, CBS, and SBGI. These
free reports are accessible by signing today at
Shares of Sirius XM Radio rose more than 2% in Monday's trading session. The
stock closed 2.07% higher at $3.20 on above average volume of 62.79 million.
Sirius shares have had a decent run so far this year, gaining more than 10%,
compared to a gain of more than 5% for the NASDAQ. The company has faced stiff
resistance at around $3.20 in the past. The stock currently has support at
around $3.10. Recent volume activity for Sirius indicates that market
sentiment is bullish on the stock. This is confirmed by the stock's MACD
chart. The free technical analysis on SIRI is available by signing up at
Shares of Pandora Media Inc. fell sharply in Monday's trading session. The
stock closed 2.44% lower at $12 on volume of 4.22 million. The company's
shares have now fallen nearly 6% in the last three trading sessions. Despite
the recent decline, Pandora Media shares have gained more than 30% so far this
year, easily outperforming the broad market. The stock currently has strong
support at around $12. It is facing resistance at around $13. Register now to
download the free research on P at
Shares of Sinclair Broadcast Group Inc. rallied in Monday's trading session.
The stock closed 7.19% higher at $17 on above average volume of 2.84 million.
In the last three trading sessions, the stock has gained more than 18%.
Year-to-date, the company's shares have gained more than 34%. Read the full
free research on SBGI by signing up to StockCall at
Shares of CBS Corp. also edged higher in Monday's trading session. The stock
closed 0.53% higher at $43.78 on volume of 6.45 million. The company's shares
have outperformed the broad market this year, gaining more than 15%, compared
to a gain of nearly 7% for the S&P 500. The stock is currently facing
resistance at around $44. Register with StockCall and download the research on
CBS for free at
Shares of Grupo Televisa SAB rose marginally in Monday's trading session. The
stock closed 0.18% higher at $27.53 on volume of 1.35 million. In the last
three trading sessions, Grupo Televisa's shares have gained more than 4%.
Year-to-date, the stock gained just over 3.50%. The company's shares are
currently trading close to their 50-day moving average and well above their
200-day moving average. Recent volume activity suggests that market sentiment
is bullish on the stock. Free report on TV can be accessed by registering at
StockCall.com is a financial website where investors can have easy, precise
and comprehensive research and opinions on stocks making the headlines. Sign
up today to talk to our financial analyst at
Contact: Contact Person:William T. Knight, Email: email@example.com, Contact
Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)
Press spacebar to pause and continue. Press esc to stop.