Jim Cramer Says “You Need to Have More Car Sales” Before You Can Say “It’s Time to Load the Boat Up” on Sirius

“Alright, look, I deliberation it’s just, it does, you request to person much car sales. You request to person much maturation successful utilized cars. You request to person that earlier you tin conscionable say, you cognize what, it’s clip to load the vessel up [on] Sirius. And that’s the problem.”

Photo by Nicholas Cappello connected Unsplash

Sirius XM Holdings Inc. (NASDAQ:SIRI) provides subscription-based audio entertainment, including music, talk, sports, and podcasts, done outer vigor and streaming platforms. During the March 11 episode, a caller showed bullish sentiment toward the stock, and Cramer responded:

“No, I’m going to disagree with you connected this one. Plus, you know, it is related to autos, and autos aren’t selling good close now. And that’s going to be—everyone’s going to cognize that. I conscionable told it to you close now, everyone’s going to cognize that. We’re going to enactment distant from Sirius. It’s conscionable not a superior banal astatine this point.”

It is worthy noting, that the company’s banal is down implicit 7.5% since the supra remark was aired.

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