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Stocks to Watch: Verizon, Amazon, Exxon, UPS

NEW YORK -- Verizon Communications (VZ) hired advisers to prepare a possible cash and stock bid of $100 billion to take full control of Verizon Wireless from joint venture partner Vodafone (VOD), two people familiar with the matter told Reuters.

Verizon owns 55% of Verizon Wireless. It has yet to put forward a proposal to Vodafone but it has hired both banking and legal advisers for a possible bid, the sources said.

Verizon hopes to start discussions with Vodafone soon for a friendly deal but could take a bid public if Vodafone doesn't engage in talks, one of the sources told Reuters.

MetroPCS Investors Approve T-Mobile Deal Amid Sprint Takeover Battle


Amazon.com (AMZN), the online retailer, is expected by Wall Street on Thursday to post first-quarter earnings of 8 cents a share on revenue of $16.14 billion.

For the same quarter last year, the company earned 28 cents a share on revenue of $13.2 billion.

Amazon's About to Pass Apple


Analysts expect oil giant Exxon Mobil (XOM) on Thursday to post first-quarter profit of $2.05 a share on revenue of $119.83 billion.

In last year's first quarter, Exxon, the world's most valuable company, earned $9.45 billion, or $2 a share, on revenue of $124 billion.

UPS, Exxon, Ford in Earnings Profiles


Starbucks (SBUX) is forecast to report fiscal second-quarter earnings of 48 cents a share on sales of $3.59 billion.

Apple Ripens as Amazon, Starbucks Set to Report


United Parcel Service (UPS) is seen by Wall Street posting profit of $1.01 a share in the first quarter on revenue of $13.46 billion.


Zynga (ZNGA ) predicted losses per share in the second quarter on Wednesday as the online social games maker struggles to adapt to consumers' growing taste for mobile-based games.

Zynga Plunges, Faces Q2 Losses


Qualcomm (QCOM), the mobile chip giant, beat Wall Street's earnings expectations but gave a weak earnings forecast.

For the third quarter, Qualcomm said it expects non-GAAP earnings to be between 97 cents and $1.05 a share, on sales between $5.8 billion and $6.3 billion. Analysts are looking for $1.04 a share in earnings on $5.89 billion in sales.

Qualcomm Drops Sharply on Weak Guidance


-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

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