August 10, 2011 08:45 ET

Microsoft Looks To 8, Sirius Trades Higher, Citigroup Leads Trading

Investment Updates: This morning's focus is on Microsoft, MSFT, Sirius, SIRI, Citigroup, C

LAS VEGAS, NEVADA--(Marketwire - Aug. 10, 2011) -

Microsoft (MSFT): Windows 8 could help to determine a large part of the revenues next year. This division posted a 2% decline in recent earnings announcement. The Business division and its Server & Tools and the Entertainment and Devices division all had solid reports. Since Windows contributes nearly 25% to some analyst's valuation for Microsoft, any drop in revenues foretells a direct impact on the stock's value.

Still the firm has paid out over $13 billion in dividends and made share repurchases of over $27 billion over the past three years. A partnership with Nokia (NOK) promises to be profitable in the smartphone market as well.

Sirius (SIRI): These stocks traded higher by 5.45% or $0.09/share to $1.74. Over the last 365 days, the same shares have traded as low as $0.95 and as high as $2.44. On average, 91,906,550 shares of SIRI exchange hands on a given day and today's volume is recorded at 42,664,404.

SIRI's music channel, Willie's Roadhouse, will be home to Farm Aid 2011, broadcasting the historic show live from Livestrong Sporting Park in Kansas City.

Citigroup (C): traded higher by 12.95% or $3.62/share to $31.57. Over the past year, shares have traded as low as $26.25 and as high as $51.47. On average, 42,989,330 shares of Citigroup exchange hands on a given day and today's volume is recorded at 35,286,924.

Citigroup was the leader in New York trading as investors bought shares at two-year lows following the U.S. credit-rating downgrade. Speculation that the Federal Reserve may take steps to spur the economy further acted on these shares.

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