This Day On The Street
Continue to site right-arrow
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] Hertz, Marvell Technology Higher on Last Trading Day of 2013

Stocks in this article: HTZ MRVL TKR

The video this transcript is based on appeared on December 31.

NEW YORK ( TheStreet) -- Private equity firms cashed out of car rental company Hertz (HTZ) in March and Marvell Technologies (MRVL) has a big private equity firm to count among its shareholders now--as well as a single-digit boost heading into the open. Jim Cramer's Action Alerts pick is one stock that already has an activist investor--the question is, will it take on a big share buyback?


Good morning from a soon to be very crowded Times Square on December 31, New Year's Eve. I'm Jon Marino for TheStreet at the Nasdaq MarketSite with your global markets update this morning. Right now U.S. futures looking about flat as we go into the final trading day of 2013.

And overseas, taking a look at our international exchange panel right now. It was only about nine months ago that private equity investors including the Carlyle Group cashed out of car rental company Hertz. Now, the company announced after hours Monday, it is adopting a one-year shareholder rights plan to prevent outside investors from gaining control of Hertz in the wake of substantial trading activity. No telling yet whether a big pickup in Hertz trading is from an activist investor or a potential buyer, but shares are up two points heading into the open this morning.

Back at the wall here, one company that definitely is getting private equity attention is Marvell Technologies. The chipmaker's shares are up nearly 90 percent this year and KKR announced after hours monday it is taking a single-digit stake in the company with the possibility of engaging Marvell in deal talks. Shares are up about five points as we look into the open this morning.

And rounding out our stocks this morning is an action alert pick from Jim Cramer. He's a recent buyer in Timken (TKR) , and Cramer is bullish on the stock thanks to an activist investor. Shares are lagging behind the market's pace for 2013, up less than 16 percent. Jim says he could see a buyback coming for as much as 20 percent of Timken's shares, which would be a big boost for the stock.

That's a wrap for us in 2013. However, keep an eye on our site all day for market news and updates. For TheStreet, i'm Jon Marino, have a happy new year.

Written by Jon Marino in New York.

Select the service that is right for you!

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!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • 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