This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

[video] BlackBerry Exec Sells $26 Million in Shares; Amazon Blames Shipping Woes on UPS

Stocks in this article: AMZN BBRY

The video this transcript is based on appeared on December 26.

NEW YORK ( TheStreet) -- Blackberry co-founder Mike Lazaridis and another executive from the company are abandoning their previously-revealed buyout bid, and instead opted to trim their stake. Plus, Amazon's looking to catch a lift at the holidays--not from drones, but from a boost in online sales.

VIDEO TRANSCRIPT:

Good morning from the Nasdaq MarketSite on December 26. I'm Jon Marino from TheStreet with your global market update this morning. Looking ahead to the trading day here in the US we're seeing light volume anticipated as we get back to work after the Christmas holiday and when you take a look at international markets, checking out our global stock panel now we'll see that internationally most markets are closed. However, in the UK we've got a surge of 1.8%t and a strong close for them. Obviously the Footsie, Dax and CAC 40 are all shut down today.

Getting back to the Nasdaq wall here - getting started, Blackberry (BBRY) says it's headquartered in Waterloo but this year you've gotta really wonder if they were based in Whoville. Downright Grinchie federal filing coming from co-founder Mike Lazaridis who at one point considered buying out the handset maker. Instead, according to the Christmas Eve federal filing, he's abandoning his buyout bid with another Blackberry executive and instead sold shares worth about $26 million dollars. Now Blackberry stock is off about three percent and it looks like a rough end of the year for the company.

And another stock to watch today is Amazon (AMZN) . While retail sales lag this fall a ShopperTrak report issued before Christmas suggested online sales surged leading up to the holiday. This combined with shoppers being scared away by hackers and brawls at brick-and-mortar retailers could mean that Amazon adds to its 59 percent gains in 2013. The stock is at an all-time high just beneath the four hundred dollars a share mark. Now the only down news about Amazon came in the form some shipping woes that in turn blamed on the weather as well the shipping provider UPS.

And taking a look at our Action Alert stock, this one coming from Jim Cramer. He's all revved up about General Motors (GM) for the holidays. Jim is a buyer again citing strength in North America for 2014 as well as a solid product line for GM. And he's anticipating a dividend from the automaker next year too. Shares are up so far this year forty one percent.

That's a wrap for us but be sure to keep an eye on TheStreet.com all day as we cover the latest breaking news. I'm Jon Marino, have a great day.

Written by Jon Marino in New York.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs