NEW YORK (TheStreet) -- Trading volumes are light on Thursday in a week interrupted by Christmas. But TheStreet's Jonathan Marino said there is still news investors should know as we near the end of 2013.
Most of the European indices were closed for the holidays, but the Nikkei finished the trading session strong, up 1.8%, Marino said.
While U.S. markets are higher, shares of BlackBerry (BBRY) are slightly lower. Co-founder Mike Lazaridis has abandoned his efforts to buy the company and take it private with another executive, according to a report. He sold $26 million worth of shares, Marino said.
Turning to Amazon (AMZN), shares are slightly higher on mixed news. According to Marino, Amazon's pre-Christmas online sales were significantly higher than last year. But that was tempered by reports many last-minute packages weren't received by Christmas Eve, as specified, due to the weather and problems at United Parcel Service (UPS).Finally, Marino noted how fired up TheStreet's Jim Cramer is about General Motors (GM). Cramer, the co-manager of the Action Alerts PLUS portfolio, which includes GM, suggested the automaker has strong demand in North America and a solid vehicle lineup. Marino said Cramer also expects a dividend announcement could come sometime in 2014. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV