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5 Things You Need to Know Before the Stock Market Opens

BOSTON (TheStreet) - Earnings results from Bank of America (BAC) and Morgan Stanley (MS) lead your quick fix of company, market, economic and investing news for Thursday, Jan. 19.

Thursday's 5 Biggest Stories

Bank of America books a profit in the fourth quarter, but it came thanks to one-time items like the sale of its CCB stake. [Reuters]

Morgan Stanley, on the other hand, reports a loss that was smaller than analysts had expected. [CNBC]

Spain and France pass critical tests: Both countries saw strong demand for their debt at auction. [NYT]

Don't forget about Greece! The country heads into a second day of talks with creditors to slash debt and avoid default. [Bloomberg]

Meanwhile, Fitch Ratings says its review of six eurozone countries will results in downgrades of one or two notches. Welcome to the party, Fitch. [Reuters]


Quote of the Day

"We don't need concessions. What we need is a sufficiently effective governance system that is able to eliminate the risk markets associate with the euro zone," Italian Prime Minster Mario Monti said of the need for better eurozone governance. [MarketWatch]


Company News

It's finally official: Eastman Kodak (EK) has filed for bankruptcy. [NYT]

Why even bother calling it eBay (EBAY) anymore. Let's just call it PayPal. [FT]

WebMD (WBMD) is facing uncertain times, made more uncertain after Carl Icahn boosted his stake to nearly 12%. [Forbes]


Markets

After 2011 saw outflows that rivaled 2008, investors are back in stock funds in 2012. [WSJ]

13 signs of a bull market. [Ivanhoff Capital]


Investment Strategy

The most overbought ETFs list is topped by homebuilders. [Bespoke Investment]

Wendy's (WEN) is one of three cheap stocks to consider now. [MarketWatch]


Odds and Ends

Here's an Anthrax video to get you pumped for Thursday's trading session. [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.

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