11 Best Stocks to Buy in Falling Markets Now

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4. Sirius XM Holdings Inc. (NASDAQ:SIRI)

Number of Hedge Fund Holders: 49

Decline in Share Price Over Past 12 Months: 59.4%

Sirius XM Holdings Inc. (NASDAQ:SIRI) provides satellite radio services. This company presents a solid investment opportunity, supported by the following points. Firstly, as per the report for the third quarter of 2024, total revenue was $2.17 billion, indicating the company’s positive financial growth. Secondly, the company shared an updated strategic plan, which sharpened the company’s focus on its core subscription business, leveraging the strength of its advertising business across its portfolio, accelerating efficiency throughout the organization, and emphasizing robust margins, free cash flow generation, and stockholder returns. Moreover, the company has introduced a new seamless app download feature for in-car subscribers, enabling the users to easily sign in to and use the streaming app to access more content.

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