Sirius XM Radio Stock prices and Intraday Chart August 1 2011

Sirius XM Radio Stock prices and Intraday Chart August 1 2011 ; US stock futures were indicating a significant higher open early Monday morning, as investors cheer the deal reached by President Obama and congressional leaders that will allow the raising of the debt ceiling, eliminating the possibility of the US Government defaulting on its debt.

Last week, stocks posted their worst weekly performance in more than a year, as investors worried that Washington wouldn't reach an agreement before the deadline of Aug. 2.
Sirius XM Radio (NASDAQ:SIRI) is trading higher in pre-market action following the overall market strength as investors await its corporate results. Sirius XM is slated to report its corporate earnings this Tuesday, with Wall Street analyst expecting a profit of one penny per share on $752 million revenue. Investors will once again focus on Sirius XM subscriber growth and on the release of Sirius XM 2.0, which investors are hoping will be a game changer.

Sirius XM Radio Intraday stock chart

Sirius expects to generate approximately $3 billion in revenue and $715 million in adjusted EBITDA for fiscal year 2011, while projecting free cash flow to now approach $350 million. From an operations standpoint, it is also projecting to add another 1.4 million net subscribers by the end of the year and to experience full-year conversion and self-paid churn rates, similar to that of 2010.