This Day On The Street
Continue to site
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

5 Things You Need to Know Before the Stock Market Opens

BOSTON ( TheStreet) -- The decision on rates by the European Central Bank ahead of the emergency European Union summit leads your quick fix of company, market, economic and investing news for Thursday, Dec. 8.

Thursday's 5 Biggest Stories

Listen, Mario, the ECB rate cut is nice and all. But tell us about more bond purchases, man! MarketWatch

Meanwhile, all eyes are on Brussels as the emergency European Union summit on the debt crisis begins. LA Times

The outlook for a resolution can't be too positive if European central banks are prepping for a euro breakup. WSJ

Jon Corzine should be scared. If we've learned anything, testifying before Congress ruins everyone. Just ask Lloyd Blankfein and Vikram Pandit. Washington Post

Your Mildly Positive News Alert: French banks' capital shortfall shrank from the gaps reported in October. Bloomberg


Quote of the Day

"I simply do not know where the money is ... There were an extraordinary number of transactions during MF Global's last few days," former MF Global CEO Jon Corzine will tell the House Agriculture Committee, according to prepared remarks. WSJ


Company News

Costco Wholesale (COST - Get Report) is also seeing costs rise. Bloomberg

How serious is Apple (AAPL - Get Report) about television? The new iMac refresh could include TV functionality. Forbes

McDonald's (MCD - Get Report) comp store sales for November crush it around the world. MarketWatch

Local banks are on high alert after a letter bomb was found at Deutsche Bank (DB - Get Report) in Germany. Fox News


Markets

I don't want to alarm you, but the market is testing the same levels it broke through after the Lehman Brothers collapse. Market Anthropology

Everyone is so caught up in the euro crisis that the U.K. feels a little left out. After all, they'll sink along with the eurozone countries. NYT

Nearly 40,000 full-time jobs in Australia were lost last month as the unemployment rate rose to 5.3%. Canberra Times


Investment Strategy

Bank of America (BAC - Get Report) shares have been on a tear lately. Here's how they could get back to $7. Slope of Hope

How the euro debt crisis has created plenty of opportunity in emerging markets stocks. Pragmatic Capitalism

It's the most wonderful time of the year ... for small-cap stocks! Stock Traders' Almanac


Odds and Ends

So much for conviction: An Occupy Wall Street protestor now has a job on Wall Street. CNN

"Europe," "Occupy," and "Merkozy" lead a completely arbitrary list of top finance terms in 2011. Reformed Broker

All of this repeated talk of Europe has my favorite U.K. band on my mind. Your Thursday morning video comes from The Smiths. YouTube

-- Written by Robert Holmes in Boston.



>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.

>To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG
AAPL $132.65 1.82%
BAC $15.56 -0.51%
COST $146.96 -0.78%
DB $32.61 -4.82%
MCD $96.44 -2.33%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs