Stock Market Off To A Mixed Start As Debt Talks Continue In Washington; Wells, Jpmorgan Report

More than 14.3 million Tweeter shares, representing less than $1 million, traded in the most activity the stock has seen since 2007, according to Bloomberg News . The stock is traded over the counter and not on an exchange. Finra halted trading in Tweeters stock on Friday, citing widespread misunderstanding. Trading resumed early Tuesday, and the stock promptly plunged — from about a nickel a share to about a penny. Tweeters stock was down $0.037, or 73%, to $0.014 on Tuesday. It’s unclear who may have made and lost money on the short-lived rally. According to securities filings, Tweeter’s top two shareholders were Weston Presidio, a private equity firm with offices in San Francisco and Boston; and Samuel Bloomberg, who was the company’s chairman.
Source: http://www.latimes.com/business/money/la-fi-mo-twitter-tweeter-stock-market-confusion-20131008,0,7496169.story

Billy Hayes, general secretary of the Communication Workers Union, described the sale as “a tragedy” and said that despite the free shares for employees, a ballot next week was likely to back industrial action. “Vince Cable, one of the cleverest men in British politics, has made one of the stupidest decisions he is ever likely to make as a politician,” he told the BBC. SHARE 12 CONNECT 23 TWEET 1 COMMENTEMAILMORE Copyright 2013 The Associated Press. All rights reserved.
Source: http://www.usatoday.com/story/money/markets/2013/10/11/uk-royal-mail-stock-market-debut/2964973/

Is Q4 Stock Market Volatility Over?

Yet ever since its spin-off from Cadbury Schweppes five years ago, Dr. Pepper Snapple Group (NYSE: DPS ) has outperformed PepsiCo (NYSE: PEP ) and Coca-Cola (NYSE: KO ) , despite being an underdog. Dr. Pepper Snapple Group has a market valuation of $8.8 billion. This is much smaller than its mammoth rivals Pepsi at $122.8 billion and Coca-Cola at $164.9 billion. Valuation measures also suggest that Dr.Pepper is undervalued in comparison to its competitors.
Source: http://www.fool.com/investing/general/2013/10/10/let-the-stock-market-decide-your-favourite-soft-dr.aspx

10, 2013. World stock markets were boosted Friday Oct. 11, 2013 by a glimmer of progress in resolving the U.S. budget row that has threatened to leave the U.S.
Source: http://www.washingtonpost.com/business/stock-market-off-to-a-mixed-start-as-debt-talks-continue-in-washington-wells-jpmorgan-report/2013/10/11/59236c1a-327c-11e3-ad00-ec4c6b31cbed_story.html

Turns out the stock market rises when catastrophic debt default is off the table

The pace of companies reporting third-quarter earnings is also picking up this week, giving investors better insight into how corporate America is doing. Yum Brands, the owner of KFC, Taco Bell and Pizza Hut, was the biggest decliner in the S&P 500 index after its earnings fell short of Wall Street’s expectations. The discount retailer Family Dollar also slumped after giving hot buy in april a cautious earnings forecast for next year. “It looks like there has been some disappointment in the early earnings already,” said Colleen Supran, a principal at San Francisco-based Bingham, Osborn & Scarborough, an investment adviser and asset management company. Yum Brands slumped $4.82, or 6.8 percent, to $66.48.
Source: http://www.masslive.com/business-news/index.ssf/2013/10/stock_market_ends_mostly_higher_with_sig.html

Stock market ends mostly higher with signs of compromise on government debt limit

This is the Standard & Poor’s 500 index for the last three days: It turns out, taking the threat of exploding the entire economy off the table is really good for the stock market. Who knew? Neil Irwin is a Washington Post columnist and the economics editor of Wonkblog. Each weekday morning his Econ Agenda column reports and explains the latest trends in economics, finance, and the policies that shape both.
Source: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/10/turns-out-the-stock-market-rises-when-catastrophic-debt-default-is-off-the-table/

SFX Entertainment misses beat in stock market debut

(Christopher Polk / Getty Images / September 29, 2013) Also By Ryan Faughnder October 9, 2013, 2:29 p.m. There wasn’t much to rave about on the first day of trading for electronic dance music promoter SFX Entertainment Inc. Sillerman, fell $1.11, or 8.5%, to $11.89 on Wednesday, after its initial public offering. The New York company sold 20 million shares at $13 a share, at the high end of its proposed range, raising $260 million in its IPO. PHOTOS: Hollywood Backlot moments The company, which puts on festivals and events including Tomorrowland, Sensation and Mysteryland, plans to use the money for acquisitions. SFX is in the process of completing four acquisitions, including a 70% stake in Made Event, which owns and produces the Electric Zoo Festival. SFX’s pro forma sales, which count revenue from planned acquisitions, was $238.6million in 2012, while its net loss was about $68 million.Sillerman is tapping into a market for electronic dance music that the company says will grow to $4.5 billion this year, citing the International Music Summit Business Report. SFX competes with Live Nation , which has been building its presence in the growing electronic dance music market. “The IPO was designed to give SFX the financial muscle to outbid Live Nation when trying to acquire major producers and promoters of live events,”said Sam Hamadeh, the founder and chief executive of PrivCo, in an email.”SFX’s weak IPO reception will impact SFX’s ability to use its hobbled stock to buy more music festival and other live events companies.” PHOTOS: Celebrities by The Times Sillerman, SFX’s chief executive and chairman, was responsible for the combining of the businesses that became Live Nation . UBS Investment Bank, Jefferies and Deutsche Bank Securities led SFX’s IPO. The shares trade on the Nasdaq stock exchange under the symbol SFXE. ALSO:
Source: http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-sfx-entertainment-ipo-20131009,0,2993750.story

Again looking at the table, the first standard deviation of the VIX’s price for each of the twelve months ranges between $5 and $12, October and November are the only two that reach the double digits. This means that volatility of the VIX in October and November is the highest of any of the other months. December is a close third, also producing well above average volatility. Noteworthy as well and highlighted in yellow is the average VIX price in October and November. At over $22 versus an average closer to $20 over all the months, this shows that the monthly volatility is typically skewed toward the upside instead of the downside during these two months and also shows that October and November have historically had the most “fear” by market participants. The most recent VIX rally of the past two weeks didn’t even send volatility to its normal October reading of $23.30, barely even reaching into the $20s. For comparisons sake and to draw from a recent analysis I did comparing the 2011 debt ceiling debates to today, the VIX skyrocketed in 2011 to over $40 as it looked like a deal was not going to come out of Washington. History suggests that the volatility of the past few weeks may just be starting as the 4Q kicks off. Ways to Take AdvantageThe VIX table above was first provided to ETFguide.com readers on 9/26 in an article I wrote entitled, “Calm Q4 Ahead for Stocks?” when the VIX was trading around $14 and it was suggested to buy the VIX for an expected pickup in volatility.
Source: http://finance.yahoo.com/news/q4-stock-market-volatility-over-205738288.html

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