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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. [<a href="" target="blank" rel="nofollow">Reuters</a>]

Morgan Stanley, on the other hand, reports a loss that was smaller than analysts had expected. [<a href="" target="blank" rel="nofollow">CNBC</a>]

Spain and France pass critical tests: Both countries saw strong demand for their debt at auction. [<a href="" target="blank" rel="nofollow">NYT</a>]

Don't forget about Greece! The country heads into a second day of talks with creditors to slash debt and avoid default. [<a href="" target="blank" rel="nofollow">Bloomberg</a>]

Meanwhile, Fitch Ratings says its review of six eurozone countries will results in downgrades of one or two notches. Welcome to the party, Fitch. [<a href="" target="blank" rel="nofollow">Reuters</a>]

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. [<a href="" target="blank" rel="nofollow">MarketWatch</a>]

Company News

It's finally official: Eastman Kodak (EK) has filed for bankruptcy. [<a href="" target="blank" rel="nofollow">NYT</a>]

Why even bother calling it eBay (EBAY) anymore. Let's just call it PayPal. [<a href="" target="blank" rel="nofollow">FT</a>]

WebMD (WBMD - Get Report) is facing uncertain times, made more uncertain after Carl Icahn boosted his stake to nearly 12%. [<a href="" target="blank" rel="nofollow">Forbes</a>]


After 2011 saw outflows that rivaled 2008, investors are back in stock funds in 2012. [<a href="" target="blank" rel="nofollow">WSJ</a>]

13 signs of a bull market. [<a href="" target="blank" rel="nofollow">Ivanhoff Capital</a>]

Investment Strategy

The most overbought ETFs list is topped by homebuilders. [<a href="" target="blank" rel="nofollow">Bespoke Investment</a>]

Wendy's (WEN) is one of three cheap stocks to consider now. [<a href="" target="blank" rel="nofollow">MarketWatch</a>]

Odds and Ends

Here's an Anthrax video to get you pumped for Thursday's trading session. [<a href="" target="blank" rel="nofollow">YouTube</a>]

-- 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

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

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