This Day On The Street
Continue to site
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

Story updated from 6:31 a.m. ET with Akamai, Jon Corzine, global trends items.

BOSTON ( TheStreet) -- The latest meeting between Nicolas Sarkozy and Angela Merkel leads your quick fix of company, market, economic and investing news for Monday, Jan. 9.

Monday's 5 Biggest Stories

Who doesn't love a meeting? Sarkozy and Merkel will meet today to discuss their master plan to save the euro as borrowing costs in eurozone countries rise. Bloomberg

They also love meetings in China, as the country welcomes Treasury Secretary Tim Geithner for a discussion on Iranian nukes and trade. Washington Post

In other country-relations news, the U.S. is reportedly set to take legal action against Swiss bank Wegelin & Co.. Reuters

Wow. Investors are now paying Germany for the luxury of lending the country cash after the latest debt auction resulted in negative yields. Reuters

Are you excited that Alcoa (AA - Get Report) will kick off the fourth-quarter earnings reporting season tonight? Well, don't be. Corporate profit growth is at a two-year low. Bloomberg

Quote of the Day

"Our assessment is that even if some of the eurozone countries are in a recession technically for some or all of 2012, the whole of the zone might not technically be in a recession," IMF head Christine Lagarde said of the chances that the eurozone falls into a recession this year. Reuters

Company News

Motorola Mobility (MMI - Get Report) tries to sneak bad news by investors (and Google (GOOG)) after Friday's closing bell. Forbes

Yahoo! (YHOO - Get Report) found its new CEO but now it's hunting for board members. WSJ

Bristol-Myers Squibb (BMY - Get Report) announces a big takeover of Inhibitex (INHX), sparking speculation over which hepatitis C drug maker will be bought out next. TheStreet


In some positive news for the eurozone, the euro currency recovered from 15-month lows ahead of the Merkozy meeting. WSJ

But on the downside, Hungary seems to be out of options after clashing with the IMF. Bloomberg

Where the global trends stand headed into a new week. Global Macro Monitor

Investment Strategy

Why stocks will beat bonds over the next 20 years. MarketWatch

Akamai Technologies (AKAM - Get Report) is flashing a golden cross. What should you do? Trade With Pete

Odds and Ends

Warren Buffett was going to sing a song and play guitar for a Spring Festival gala in China. Now, he's not. Drats. WSJ

Jon Corzine is looking for some office space on Wall Street. WSJ

Welcome to the first full trading week of the new year. Here's a Queens of the Stone Age song to get you pumped up. 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

>To submit a news tip, send an email to:

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!
AA $13.46 0.00%
AKAM $71.90 0.00%
BMY $65.35 0.00%
MMI $36.58 0.00%
YHOO $44.45 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs