Spotify stock hits all-time high on Tuesday. Goldman Sachs forecasts global music revenues to nearly double by 2035, driven by emerging markets and monetization innovations.
Satellite radio and media company Sirius XM (NASDAQ:SIRI) fell short of the market’s revenue expectations in Q1 CY2025, with sales falling 4.3% year on year to $2.07 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $8.5 billion at the midpoint. Its non-GAAP profit of $0.67 per share was 1.8% above analysts’ consensus estimates.
The performance of consumer discretionary businesses is closely linked to economic cycles. Over the past six months, it seems like demand trends are working against their favor as the industry
has tumbled by 5.2%. This drawdown was disheartening since the S&P 500 stood firm.
The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead.
They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers.
Satellite radio and media company Sirius XM (NASDAQ:SIRI) fell short of the market’s revenue expectations in Q1 CY2025, with sales falling 4.3% year on year to $2.07 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $8.5 billion at the midpoint. Its GAAP profit of $0.59 per share was 10% below analysts’ consensus estimates.
