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
http://www.stockcall.com/register
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
http://www.StockCall.com/SIRI030513.pdf
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
http://www.StockCall.com/P030513.pdf
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
http://www.StockCall.com/SBGI030513.pdf
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
http://www.StockCall.com/CBS030513.pdf
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
http://www.StockCall.com/TV030513.pdf
About StockCall.com
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
http://www.stockcall.com
SOURCE StockCall.com