6 Green Days In A Row: Sirius XM Stock Is Up 23%
Sirius XM (SIRI) stock is on a 6-day winning streak, up 22.6% since the run began. That added about $2.1 billion to the company’s market value, which now stands at about $11.3 billion. The stock closed at $33.40 on Wednesday, November 4, its highest close of the past year.
The Streak Next To The S&P 500
Returns for SIRI and the S&P 500 over the streak and the periods around it, all ending Wednesday, November 4 and including dividends:
| Return Period | SIRI | S&P 500 |
|---|---|---|
| 1 Day | 8.4% | 1.6% |
| 6 Days (Current Streak) | 22.6% | -0.4% |
| 1 Month (21 Trading Days) | 26.7% | -1.6% |
| 3 Months (63 Trading Days) | 12.8% | 0.0% |
| Year To Date | 72.4% | 13.4% |
| 1 Year (252 Trading Days) | 59.5% | 13.5% |
A Stock-Specific Run, Or A Market Move?
Over the same 6 trading days, the S&P 500 returned -0.4% including dividends, so the run is mostly Sirius XM’s own story rather than the market’s. Over the past three months the stock is up 12.8%, a window that includes the streak; over the other 57 sessions of that window it was down 8.0%.
Is The Business Keeping Up With The Stock?
On the fundamentals, revenue grew 0.5% over the last twelve months, against a median of 9.3% for S&P 500 Communication Services stocks; its operating margin is 22.4%, versus a median of 20.9%; and the stock trades at 12.5 times trailing earnings against a median of 16.8. The read is mixed: margins above the median and a multiple below the median on one side, revenue growth below the median on the other.
If you are looking for strength with more behind it than a hot tape, our Guidance Momentum screen surfaces the names where management raised its own outlook.
One Hot Stock Is A Story. Thirty Sound Ones Are A Strategy
A streak like this earns a place on your watchlist, and it also earns a question: how much of your outcome do you want depending on one company keeping this up?
The Trefis High Quality (HQ) Portfolio answers it with breadth: roughly 30 businesses picked for consistent cash generation, strong margins, and balance-sheet strength, sized and rebalanced by rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Follow the story; invest in the strategy.