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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

JPMorgan and Wells Fargo top estimates; Nokia/Alcatel-Lucent in talks

Kathy Cherpelis

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

JPMorgan Chase (JPM) shares are slightly higher in the pre-market. The nation's largest bank by assets reporting earnings and revenue that topped analysts' estimates.  First quarter profit rose about 12% from a year earlier to nearly $6 billion as trading revenues improved thanks to volatility in currency and fixed income markets.

Wells Fargo (WFC) shares are also in the spotlight this morning.  The nation's biggest mortgage lender reporting better-than-expected earnings and revenue in the first quarter. Revenue rose more than 3% from a year earlier as lower interest rates helped boost borrowing.  But profit fell from a year earlier as expenses increased and the bank set aside more money to cover bad loans.

Johnson & Johnson (JNJ) shares are on the move in the pre-market. The maker of Band Aids and medicines reporting a slight beat on both the top and bottom lines in the first quarter. However, the company says sales were lower because of a decline in overseas revenue caused by the strong dollar. And J&J expects currency issues will impact earnings for the year.

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Intel (INTC) is set to report earnings after the close today. Analysts are looking for the Dow component to earn $0.41 share. Last month, the company cut its sales outlook for the first quarter by almost $1 billion to $12.8 billion, citing weak demand for PCs.

Nokia (NOK) U.S. ADRs are falling in early trading. The Finnish telecom provider confirmed it's in advanced talks to take over smaller French rival Alcatel-Lucent (ALU), but cautioned the deal could still fall apart. A combination of the two companies would help them better compete with bigger players in the industry. Nokia sold its mobile handset division to Microsoft (MSFT) last year to focus more on its telecom and broadband businesses.  Reports also surfaced on Friday that Nokia was looking to sell its map division.  Shares of Alcatel-Lucent are higher on the news in early trading.