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MarketFoolery

Warning: This Warning May Cause 45% Drop

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 28 July 2015

⏱️ 14 minutes

🧾️ Download transcript

Summary

SiriusXM rises due to, among other things, strong auto sales. Online car shopping site TrueCar falls 45% on lowered guidance. Plus we dip into the Fool Mailbag to discuss how we might profit from the inevitable Rise Of The Machines.

Transcript

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0:00.0

It's Tuesday, July 28th.

0:03.5

Welcome to Market Foolery.

0:04.6

I'm Chris Hill joining me in studio today

0:06.2

from Motley Fool Rulbreakers and Supernova,

0:08.2

David Kretsman.

0:09.4

Happy Tuesday.

0:10.3

Thanks for having me, Chris.

0:11.1

Thanks for being here, man.

0:12.4

We're not going to talk about automakers, but we are going to talk about a couple of companies that are

0:16.4

very much tied to the auto industry. We will also dip into the full mailbag.

0:21.3

Let's start with SeriousXM stock up this morning. Second quarter

0:25.0

revenue came in higher than expected. They raised guidance. You always like to

0:30.0

see that, don't you? Can't argue with with that is there anything better than a company

0:34.2

raising guidance wall street loves that we love it here no it's a good good sign

0:38.4

for serious I mentioned the you know the automakers I mean it really does seem like the strong auto sales that we've been seeing

0:48.0

Sirius XM has been a beneficiary of that. No doubt Sirius comes pre-installed in 70% of vehicles you know rolling off the lot

0:57.6

today 70% so serious is really tied in with automakers this has been a huge

1:02.2

part of the company's turnaround over the past few years.

1:04.7

So auto sales is certainly a place where a series is really dependent on.

1:11.4

Kind of a headwind for the company or a challenge for the company has been getting into used cars.

1:17.3

So right now the company has a really solid presence in new cars.

1:20.3

Again, like I said, 70% of those new cars have serious radios pre-install.

...

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