What Did Jim Cramer Say About These 19 Stocks Recently?

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

Number of Hedge Fund Holders: 2

A caller tried to build a bullish thesis on Sirius XM Holdings Inc. (NASDAQ:SIRI), and Cramer quickly dismissed it, saying:

“No, I’m going to disagree with you on this one. Plus, you know, it is related to autos, and autos aren’t selling well right now. And that’s going to be—everyone’s going to know that. I just told it to you right now, everyone’s going to know that. We’re going to stay away from Sirius. It’s just not a serious stock at this point.”

Sirius XM (NASDAQ:SIRI) is a satellite radio provider with millions of subscribers. While it has a strong foothold in automotive entertainment, concerns about declining auto sales and competitive streaming options pose challenges for the stock.

Weitz Multi-Cap Equity Fund stated the following regarding Sirius XM Holdings Inc. (NASDAQ:SIRI) in its Q4 2024 investor letter:

Sirius XM Holdings Inc. (NASDAQ:SIRI) and its predecessor, Liberty SiriusXM, were among the year’s most notable detractors. The merger of SiriusXM and the Liberty holding company was a clear positive but saddled the company with a heightened debt load. Management has outlined achievable plans to retire debt through highly visible savings, beginning in 2025. We increased our holdings in SiriusXM Holdings post-merger.”

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