On a purely fundamental basis, LinkedIn Corp (NYSE:LNKD) is gaining traction in attracting recruiters who must pay to post jobs and draw high-quality candidates. Inversely, job seekers can upgrade their accounts and gain visibility from recruiters. This creates a win-win scenario for LinkedIn and its shareholders. Management also stated on the Q4 conference call that they are planning a small price hike during the calendar second quarter (April – June).
Separately from talent solutions, LinkedIn Corp (NYSE:LNKD) offers paid marketing solutions to corporate advertisers in a similar manner as Facebook. All in all, LinkedIn has the most diversified revenue streams and remains my top pick in social media. My friend Guy Adami of CNBC’s Fast Money also continues to view LinkedIn positively on a short-term basis.
In short, I like LinkedIn both for the short- and long-term and I believe the company is taking market share from competitors Monster Worldwide and Gannett Co.’s CareerBuilder. I recommend the purchase of the stock into Thursday’s upcoming results.
Sirius XM Radio Inc (NASDAQ:SIRI)
Tuesday, April 30 before market open; EPS $0.03 / Revenue $908.2 million
Shares of Sirius XM Radio Inc (NASDAQ:SIRI) have pulled back modestly from a 52-week high of $3.25 reached in March 2013.
Chief Financial Officer David Frear recently presented at Piper Jaffray’s Technology, Media, and Telecommunications Conference which I profiled back on Mar. 12. Analysts at the New York-based Piper Jaffray maintain an “overweight” rating and $3.40 price target on the stock. Revenue at Sirius XM Radio Inc (NASDAQ:SIRI) has grown 12.9% in the last 12 months as the company is delivering strong subscriber growth.
Ahead of Tuesday’s upcoming earnings report, analysts at Citigroup similarly reiterated their “buy” rating and $3.60 price target on Sirius XM Radio Inc (NASDAQ:SIRI). The Wall Street firm views the recent decline in the stock from the 52-week high in March as unwarranted and recommends buying the stock into upcoming results.
Sirius XM Radio Inc (NASDAQ:SIRI) is also hosting its annual shareholder meeting in New York on Tuesday, May 21.
Foolish bottom line
While I advocate investing for the long-term, readers should consider General Motors Company (NYSE:GM), LinkedIn Corp (NYSE:LNKD), and Sirius XM Radio Inc (NASDAQ:SIRI) ahead of upcoming earnings reports. I believe all three stocks are providing attractive entry-points based on strong fundamental stories and the potential for further upside in the near-term.
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The article Three Stocks to Buy Ahead of Upcoming Reports originally appeared on Fool.com and is written by John Macris.
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