NEW YORK (TheStreet) -- U.S. equities are adding to Tuesday's gains in early Wednesday trading. TheStreet's Jonathan Marino added that European stocks were higher as well, while the Nikkei closed higher by 2.5%.

Shares of Apple (AAPL) rose about 1% in pre-market trading on news with China Mobile Limited (CHL), Marino said, noting that the companies' partnership will now extend beyond just handsets. Apple's stock was recently up 2.2% to $558.15.


Turning to earnings, Bank of America (BAC) joined Wells Fargo (WFC) and JPMorgan (JPM) by beating estimates for earnings and revenue. Bank of America posted fourth-quarter earnings of 29 cents per share, above analysts' estimates of 26 cents per share and last year's 3 cents per share, Marino said. 

Sticking with financials, Jim Cramer's Action Alerts PLUS pick of the day is JPMorgan. The company trades at a 15% to 20% discount to its peers. 

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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