GameStop blasts higher; Ulta lookin' good; Altera soars on Intel takeover talk

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Altera (ALTR) shares are surging in early trading. The New York Post is reporting that Intel (INTC) is in advanced talks to buy its smaller rival for $15 billion. This comes after Altera reportedly rejected a takeover offer from Intel a few months ago.

Equinix (EQIX) shares are in focus this morning. The U.S. data center operator is buying UK rival Telecity in a cash and stock deal worth $3.6 billion. The deal will create the largest data center provider in Europe.

Get the Latest Market Data and News with the Yahoo Finance App

GameStop (GME) shares are soaring in early trading. The video game retailer raised its outlook for the current quarter after reporting a beat on both its top and bottom lines in its first quarter. Revenue jumped more than 3% from a year earlier thanks to strong sales of new releases such as "Mortal Kombat X" and "Evolve.” The company also benefited from a big jump mobile game downloads.

Ulta Salon (ULTA) shares are looking good this morning...the stock is higher in early trading and is hitting a fresh 52-week high. The beauty products retailer's first quarter earnings and revenue were better-than-expected. The company's revenue soared nearly 22% from a year earlier driven by strong traffic and growth in both retail and e-commerce. Ulta also increased its sales guidance for the full-year.

Amazon  (AMZN) remains in focus today. The online retailing giant is reportedly planning to add groceries to its line of private label goods. The Wall Street Journal reports that the items including milk, cereal, and baby food will likely be sold through Amazon's Fresh grocery delivery service.