APG - Hot Stocks: SIRI rises on earnings; BSX WM set new highs; APG and INOV climb on M&A headlines
champc/iStock via Getty Images Quarterly results continued to dominate the market action at midday Tuesday, including a notable gain from Sirius XM (SIRI) and earnings-inspired new highs from Boston Scientific (BSX) and Waste Management (WM). Earnings news wasn't the only driver in Tuesday's intraday action. M&A headlines also inspired notable gains. APi Group (APG) posted a double-digit percentage gain on a deal to acquire the Chubb fire and security business from Carrier Global (CARR). Meanwhile, reports surfaced that Inovalon Holdings (INOV) was in talks to be acquired by a private equity firm. Sirius XM reported Q2 non-GAAP EPS of $0.10, beating expectations by $0.03. Revenue growth of 15.5% also topped projections. The company also raised its forecast for the full year, saying it now projected total revenue of about $8.55B. Detailing the results, Sirius CEO Jennifer Witz said that strong auto sales and high growth rates in ad revenue contributed to
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Hot Stocks: SIRI rises on earnings; BSX, WM set new highs; APG and INOV climb on M&A headlines