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JPMorgan analyst Sebastiano Petti reiterated the Underweight rating on SiriusXM Holdings Inc. SIRI on Tuesday, with a price forecast of $20.
One of the richest men in the world, Warren Buffett famously loves legal monopolies, businesses with moats so big as to prevent more than one company from competing in the market they dominate.
Most investors know the market's down quite a bit from February's high. Not all investors realize that a handful of compelling stocks were already sliding before the marketwide correction started, and that several of these same names haven't yet even hinted at a recovery.
In the latest trading session, Sirius XM (SIRI) closed at $23.47, marking a +1.87% move from the previous day.
The S&P 500 (^GSPC 0.64%) recently reached correction territory as the benchmark index fell by 10% from its recent highs. Not all stocks look "cheap" now, even after this recent decline, but it has created some excellent buying opportunities.
News flash: stocks can go down just as easily as they can climb. Every now and then, investors are given a wake-up call that the stock market wouldn't be a "market" without the ability for equities to move in both directions.
With the recent market sell-off, a number of stocks have just been tossed right into the bargain bin. This includes some very well-known names that are trading at very low valuations.
Stock splits have an interesting narrative. During bull markets, investors can't get enough of stock-split stocks as prices rise in anticipation for upcoming splits.
You might not be Warren Buffett, but you can follow him into some of his investments. And he's been buying so much of Sirius XM Holdings (SIRI 1.65%) that he now owns more than a third of the satellite radio provider through Berkshire Hathaway (BRK.A 1.61%) (BRK.B 1.68%).
Every so often, Wall Street reminds investors that stocks don't move up in a straight line. In span of roughly three weeks, the ageless Dow Jones Industrial Average, broad-based S&P 500 (^GSPC -1.39%), and Nasdaq Composite have respectively sold off by 7.2%, 9.3%, and 13.1%.