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

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