June SAAR and a Goldman Sachs Group Inc (NYSE:GS) consumer survey both highlighted strong growth at Sirius XM Radio Inc (NASDAQ:SIRI). The two data points have positive implications, thinks analyst Matthew Niknam.
"June light vehicle SAAR of 16.0mn exceeded both GS (15.7mn) and Street forecasts, which we view positively for volume growth at Sirius XM Radio Inc (NASDAQ:SIRI). Notably, this marks the first time since 2008 that auto sales have touched the 16.0mn run-rate," said Niknam.
Many investors in Sirius XM Radio Inc (NASDAQ:SIRI) also view the SAAR news as...
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