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PennyLaneReports.com

April 15, 2010 08:45 ET

Penny Lane Alerts Investors to Big Morning Buzz on SiriusXM, Citigroup, Intel, and Popular Inc.

DOVER, DELAWARE--(Marketwire - April 15, 2010) - Market hopes momentum will stay on the bulls side today. PennyLaneReports.com is watching several stocks this morning for possible early morning trades. Our team at PennyLaneReports.com tracks stocks market-wide with a focus on providing investors with winning micro-cap and small-cap investment ideas. It is time to start taking charge of your investment futures. Investors who want to get the edge FREE of charge simply need to visit: http://www.pennylanereports.com

SIRIUS XM Radio (SIRI) today announced that it added 171,441 net subscribers in the first quarter of 2010, compared to a net subscriber decline of 404,422 in the first quarter of 2009. The Company ended the first quarter with 18,944,199 subscribers, an increase of 344,765 over the year ago quarter.

An upbeat quarterly earnings report and outlook from Intel Corp. spurred gains across the chip sector and led to a broad rally in tech stocks Wednesday.

Intel (INTC) rose 75 cents a share, or more than 3%, to $23.52 after the world's largest semiconductor said it earned $2.4 billion, or 43 cents a share, on $10.3 billion in sales for the first quarter. The results reported late Tuesday, well above what Intel reported in the same period a year ago, topped analysts' average forecasts calling for a profit of 38 cents a share and revenue of $9.8 billion.

Hedge-fund seeding firm SkyBridge Capital LLCis acquiring Citigroup Inc.'s (C.) fund of hedge funds, hedge-fund seeding and hedge fund advisory businesses, a transaction that quadruples the size of SkyBridge and marks Citigroup's latest sale of non-core assets.

The businesses being acquired are part of Citi Holdings, which is made up of Citi's noncore assets and businesses that the financial-services giant is in the process of unloading. The Wall Street Journal reported in February that SkyBridge and Citi were in talks about a transaction.

Shares of Popular Inc. (BPOP) advanced Wednesday after the Puerto Rico-based parent company of Banco Popular said it was raising $1 billion through a public offering of depository shares.

The company said it plans to use part of the proceeds from the offering to buy the assets of failed banks. Adam Barkstrom, a Sterne, Agee & Leach analyst, cited those plans in affirming his "buy" rating on Popular.

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