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TheStreet Open House

[video] Bitcoin Coming to Nasdaq, Twitter Stock Pops

The video this transcript is based on appeared on December 27.

NEW YORK ( TheStreet) -- WPCS International will launch a Bitcoin trading application in 2014, and Jim Cramer says he likes what he sees at Caterpillar.

VIDEO TRANSCRIPT:

Good morning from the Nasdaq MarketSite in Times Square. I'm Jon Marino with our global market update on Friday, December 27.

At this hour, U.S. markets gearing up for another low-volume trading day and possible some losses after the Dow posted triple-digit gains yesterday. And international trading back in full swing today, when you take a look at our global markets panel.

Getting back to the Nasdaq wall, the top stock to watch again today will be Twitter (TWTR) . Shares are up more than 20 percent this week and investors will keep watching the company's shares as Dick Costolo's micro-messaging network dominates headlines. The stock was up nearly five percent yesterday, and already we're looking at possible gains of a point at the open today. Twitter stock up more than 60 percent this year, but lockup expirations looming for shares in February and May next year.

What's it going to take to legitimize Bitcoin? How about a Nasdaq-listed company launching a Windows-based application allowing traders to access the five most popular Bitcoin exchanges? That's what WPCS International (WPCS) is doing, according to an announcement from the company, and stock in the New Jersey-based company soared after hours for about 30 percent heading into the open today. The WPCS trading product is expected in early 2014 and it should be generating revenue for the company by mid-year, it says.

Closing out our stocks is an action alert from Jim Cramer. Don't look now, but Caterpillar (CAT) shares may close out 2013 in the black, and Jim's buying in again. For one, the company recently posted growth in its power systems unit sales, a big positive. However, he points out, expectations are so low right now, very little has to go right in order for Caterpillar stock to eek out gains. Shares are down seven percent in the last two years, but Jim sees a buying opportunity.

That's all for us this morning, but we'll be posting market updates and breaking news throughout the day at TheStreet.com. I'm Jon Marino, have a great day.

Written by Jon Marino in New York.

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