We started out the new month and return from vacation with a dud it appears. Family Dollar Stores (FDO) reported a nice quarterly profit that beat expectations and was significantly better than one year ago at 0.77 EPS. Yet, the company 
did not forecast as good of a next quarter as was anticipated, and the stock has been rocked down 5% in pre-market. I am going to just get out of this one and take my licks. It was a poor decision on my part to get involved in this one, and we will just have to live with it. Get out ASAP!
On the docket today is relatively nothing for American investors. We have barely any economic data coming out, only one earnings report in Family Dollar, and relatively no other news to spark my palate that can move the entire market. Therefore, futures are down, and with the trend being sell off as of late, it appears we will continue that trend.
The following chart was made in 2007…before the crisis. See how far off the joint venture is on its combined projections…
Buy Pick of the Day: Sirius XM Radio Inc. (SIRI)
Analysis: I barely ever look at anything that moves below $4- $5 per share because these stocks are so unpredictable and high risk (even for me). Today, however, the market is really in disarray. There is a lot of bearish sentiment with some overbought inverse ETFs that are down and a lot of stocks looking up. Yet, futures are pointing down. A lot does not line up, and it will be interesting to see where it all goes today. One thing I do know though is that Sirius XM Radio has a lot of reason to celebrate, and we want to get in on the party with SIRI.
This morning, SIRI announced that it added over 500,000 new subscribers in its FY Q2. This was a huge upgrade from one year ago when the company lost 186,000 subscribers. The 500,000 are part of what SIRI expects to be a great year of new membership that will definitely break 1 million new subscribers. The company also hit a record high total membership at 19.5 million in the Q2. The company has been helped by a turnaround in both the economy and auto sales. Since Sirius comes standard in many cars and auto sales are booming, it is helping SIRI tremendously. 
The stock…
