Apple jumps ahead of earnings; Applied Materials merger falls apart; Deutsche Bank overhaul plan

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

Apple (AAPL) shares are higher in early trading. The tech giant is slated to report its quarterly results after the close of trading today. Analysts are looking for earnings to rise 30% to $2.16 a share, while revenue is seen jumping 23% to $56 billion. The increase in revenue is expected to be driven by strong iPhone sales.

Marvell Technology (MRVL) shares are falling in early trading. The chipmaker warning late Friday that first quarter revenue will be below what it previously expected due primarily to weak demand for PCs, especially in emerging markets. Marvell Technology is scheduled to report quarterly results on May 21st.

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IGATE (IGTE) shares are higher this morning. The U.S. based technology services company is being bought by French rival Capgemini for $4 billion in cash, or $48 a share. The deal will help Capgemini (CAP.PA) become a leader in the North American market.

Applied Materials (AMAT) shares are tumbling in early trading. The U.S. semiconductor maker and Japanese rival Tokyo Electron scrapped their plans to merge because the Justice Department raised concerns that it would hurt competition.

Deutsche Bank (DB) U.S. listed ADRs are down sharply after the German lender announced a major overhaul of its banking operations in an effort to cut costs and improve profits after reporting earnings fell by half in the first quarter as big legal charges took a toll on revenue.