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The Zacks Analyst Blog Highlights: SIRIUS XM Radio, Ford Motor, Apple, Google and Starwood Hotels & Resorts Worldwide



The Zacks Analyst Blog Highlights: SIRIUS XM Radio, Ford Motor, Apple, Google
                   and Starwood Hotels & Resorts Worldwide

PR Newswire

CHICAGO, July 11, 2013

CHICAGO, July 11, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include SIRIUS XM Radio Inc.
(Nasdaq:SIRI-Free Report), Ford Motor Co. (NYSE:F-Free Report), Apple Inc.
(Nasdaq:AAPL-Free Report), Google Inc. (Nasdaq:GOOG-Free Report) and Starwood
Hotels & Resorts Worldwide Inc. (NYSE:HOT-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

Here are highlights from Wednesday's Analyst Blog:

SIRIUS XM Crosses 25M Milestone

 

Satellite radio company, SIRIUS XM Radio Inc. (Nasdaq:SIRI-Free Report), has
crossed the 25 million subscriber base with a record net addition of 715,000
customers for the second quarter of 2013. While the company's previous best
was 622,042 customer additions in the second quarter of fiscal 2012.

SIRIUS XM achieved a 15% growth rate in net subscriber addition year over year
while sequentially it increased by a whopping 58%. Such robust growth in
subscribers is mainly attributed to increased automobile sales and the
continuous launch of innovative products.

SIRIUS XM gained approximately 1.17 million subscribers in the first half of
fiscal 2013 with an average of 583,945 customers per quarter as compared with
1.03 million subscribers added during the first half of fiscal 2012 with an
average of 513,319 per quarter.

SIRIUS XM is continuously forming strategic partnerships with premium
automobile companies. Last month, SIRIUS XM started offering the new Sync
AppLink technology for Ford Motor Co.'s (NYSE:F-Free Report) vehicles. The
technology will allow users to use voice command to listen to their favorite
channels while driving.

The new software is also available on Apple Inc.'s (Nasdaq:AAPL-Free Report)
devices and Google Inc.'s (Nasdaq:GOOG-Free Report) Android-based handsets.
Hence, customers can access SIRIUS XM programs from these devices without even
turning on the satellite radio hardware.

A solid product portfolio coupled with strong business relationships with the
original equipment manufacturers has helped the company to raise its 2013
fiscal outlook on net subscriber addition by 100,000 to 1.5 million.
Meanwhile, the company has already achieved 78% of its target and is expected
to easily surpass the outlook by the end of the third quarter of 2013.

Currently, SIRIUS XM has a Zacks Rank #3 (Hold).
 

Starwood Upgraded to Strong Buy

On Jul 9, 2013, Zacks Investment Research upgraded Starwood Hotels & Resorts
Worldwide Inc. (NYSE:HOT-Free Report) to a Zacks Rank #1 (Strong Buy) ahead of
its second-quarter results due to be released later this month.

Why the Upgrade?

Starwood is expected to report its second-quarter earnings on Jul 25, 2013.
The Zacks Consensus Estimate for the upcoming quarter is 73 cents,
representing a year-over-year increase of 2.8%.

Starwood expects to post strong results in the upcoming quarters of 2013 as it
benefits from the gradual economic recovery and emerging opportunities in the
fast-growing markets.

The White Plains, NY-based hotelier is focusing on rebalancing its business in
a fee-driven model. Its business is capital efficient as the owner/developer
partners provide the capital and the company earns a fee for
managing/franchising the hotel. This fee-based business will help the company
to increase its profitability in the ensuing quarters.

Asset disposition is another strong point that will help Starwood reduce
earnings volatility and provide a more stable growth profile. Starwood seeks
to earn $3 billion in cash through asset sale by 2016.

In 2013, Starwood expects to post earnings of $2.75–$2.83 per share which
represents growth of nearly 15% – 18% from 2012 earnings of $2.39 per share.
The guidance was increased from prior expectations of $2.59 – $2.68 at the
first-quarter conference call following better-than-expected first-quarter
results and management's unyielding faith in the company's future prospects.

The first-quarter 2013 earnings beat the Zacks Consensus Estimate gaining from
its margin expansion. This was the fourth consecutive quarter of positive
earnings surprise for Starwood with an average beat of 19.23%. A share
repurchase program will also help drive earnings in 2013.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

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Recommendations and target prices are six-month time horizons.

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Past performance is no guarantee of future results. Inherent in any investment
is the potential for loss. This material is being provided for informational
purposes only and nothing herein constitutes investment, legal, accounting or
tax advice, or a recommendation to buy, sell or hold a security. No
recommendation or advice is being given as to whether any investment is
suitable for a particular investor. It should not be assumed that any
investments in securities, companies, sectors or markets identified and
described were or will be profitable. All information is current as of the
date of herein and is subject to change without notice. Any views or opinions
expressed may not reflect those of the firm as a whole. Zacks Investment
Research does not engage in investment banking, market making or asset
management activities of any securities. These returns are from hypothetical
portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced
monthly with zero transaction costs. These are not the returns of actual
portfolios of stocks. The S&P 500 is an unmanaged index. Visit
http://www.zacks.com/performance for information about the performance numbers
displayed in this press release.

 

SOURCE Zacks Investment Research, Inc.

Website: http://www.zacks.com
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