Kolkata, West Bengal -- (SBWIRE) -- 08/30/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Federal Home Loan Mortgage Corp (OTC:FMCC), Tesla Motors Inc (NASDAQ:TSLA), Sirius XM Radio Inc (NASDAQ:SIRI).
Federal Home Loan Mortgage Corp(OTC:FMCC) shares fell 0.87% to $1.14. The company on August 26 said it sold $2.0 billion of reference bills at lower rates and higher demand compared with the most recent sales of similar maturities and comparable amounts. Freddie Mac sold $1.0 billion of three-month bills, due Nov. 25, 2013, at a 0.048 percent rate, down from the 0.075 percent rate for its $1.0 billion three-month bills sold Aug. 19.
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Additionally, the company on August 29 released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving lower from the previous week as the Federal Reserve's (Fed) bond purchase program continues to drive market speculation.
Sirius XM Radio Inc(NASDAQ:SIRI) shares increased 1.54% to $3.63. The company on August 29 announced that it has added The Dan Patrick Show, hosted by popular sports commentator Dan Patrick, to the weekday lineup of shows on its all-sports talk channel, Mad Dog Sports Radio, SiriusXM channel 86.
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Additionally, the company on August 28 announced that it has signed renowned sports talk personality Chris "Mad Dog" Russo to a new three-year contract that will keep his daily all-sports radio show exclusively on SiriusXM's Mad Dog Sports Radio channel. Russo's on-air role will be expanded to include a significant presence on the MLB Network Radio channel on SiriusXM.
Moreover, the company on August 21 announced the launch of Service Lane, its new program that provides a complimentary 2-month SiriusXM subscription to qualifying customers who have their satellite radio-equipped vehicles serviced at participating auto dealerships.
Tesla Motors Inc (NASDAQ:TSLA) shares fell 0.23% to $166.06. The company on August 7 said its second-quarter loss narrowed sharply as the luxury electric-car maker said it delivered more vehicles than expected during the quarter, bolstering revenue and resulting in a surprise adjusted profit.
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The company reported a loss of $30.5 million, or 26 cents a share, compared with a year-earlier loss of $105.6 million, or $1 a share. Tesla reported an adjusted profit of 22 cents compared to a prior-year loss of 89 cents. Revenue soared to $405.1 million from $26.7 million a year ago. Analysts expected Tesla to report a loss of 17 cents a share on $383 million in revenue.
Additionally, Wedbush analysts have raised their price target on TSLA shares from $110 to $150 and are maintaining a Neutral rating on the stock.
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