Friday's Top 5 – Sirius, RIM, Rio Tinto, Boeing & Apple Webinar Next Week

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Given the positive response from our Pandora ( P ) webinar earlier this week, we have scheduled two more webinars next week for Apple ( AAPL ) and LinkedIn (NYSE:LNKD). In today's insights, Rio Tinto (NYSE:RIO) recently lowered its iron ore prices to Chinese customers, which could set a precedent for competitors like BHP and Vale to follow. We have a guest contributor share his thoughts on why RIM's (NASDAQ:RIMM) shares are in danger of dropping further. We assess Sirius XM's (NASDAQ:SIRI) dependence on the auto industry, and we launch coverage on Boeing ( BA ).

Apple's stock has traded mostly in the range of $330 to $350 since the beginning of the year. Trefis will host a webinar on Apple at 3pm EST on Tuesday, June 28 to highlight the factors influencing Apple's stock as well as look at scenarios where there could be upside for the company. In this call, we will go over Apple's key drivers, trends and what catalysts could give the shares a spark.

Apple - Tuesday June 28, 3pm EST - Agenda & Participation Details

LinkedIn - Thursday June 30, 3pm EST - Agenda & Participation Details

Rio's Chinese Contracts Reflect Lower Iron Ore Spot Prices

Rio Tinto (NYSE:RIO) cut existing iron prices for the Chinese steel mills by 2-3% for Q3. We estimate that during 2011, the average realized iron ore price for Rio Tinto will be around the $100 per tonne. We will watch if  Vale and BHP will also lower prices, which is in line with miners recent efforts to price contracts on shorter term metrics more closely tied to spot prices.

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Sirius XM Stock Outlook is Hitched to Auto Industry

Sirius XM's (NASDAQ:SIRI) automotive subscribers have risen consistently over the past few years led by an increase in light vehicle sales in the U.S. penetration. We believe Sirius XM's automotive subscribers will continue to grow aided by the long-term deals signed with big auto-makers like General Motors ( GM ), Ford ( F ), and Hyundai. A sustained global economic recovery and government tax incentives will further boost car sales thereby benefiting Sirius XM.

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5 Reasons Why RIM Is Crumbling

Guest Contributor: Rim's (NASDAQ:RIMM) stock is taking a beating but not because of earnings. RIM continues to face competitive pressures from Apple's ( AAPL ) iOS, Google's (NASDAQ:GOOG) Android and now Microsoft's (NASDAQ:MSFT) Windows Phone 7 operating system platform. Fundamentally the market is moving away from what made it a success. See the 5 reasons the stock is toast in this slideshow.

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Boeing Coverage Launch: $87 Trefis Price Estimate

Boeing ( BA ) is one the world's major aerospace companies. The company develops, produces and markets commercial jet aircraft (such as the Boeing 747 and 767), military aircraft (such as the CH-47 Chinook Helicopter and the F/A-18 Hornet) and other defense, space and security based products such as missile systems, satellite systems, intelligence and surveillance systems. Boeing also provides financing support such as loans and leases for its commercial & military aircraft customers. See our breakdown below.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks , US Markets

Referenced Stocks: AAPL , BA , F , GM , P

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