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TheStreet Open House

[video] Quick Take: BlackBerry Gets Holiday Coal

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.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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