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5 Things You Need to Know Before the Stock Market Opens

BOSTON ( TheStreet) - Earnings results from Bank of America (BAC - Get Report) and Morgan Stanley (MS - Get Report) 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 - Get Report) anymore. Let's just call it PayPal. FT

WebMD (WBMD - Get Report) 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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SYM TRADE IT LAST %CHG
BAC $15.64 0.00%
EBAY $59.20 0.00%
MS $37.36 0.00%
WBMD $46.89 0.00%
AAPL $130.28 0.00%

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S&P 500 2,117.69 +4.76 0.23%
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