Wendy's jumps on big buyback; Guess' mixed bag; Synchronoss for sale?

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

Wendy’s (WEN) shares are higher in early trading. The fast food chain announced it would buy back $1.4 billion worth of shares by the end of 2016.  The company said it now expects earnings per share to grow more than 20% by 2018 as a result of the new stock repurchase plan.

Guess (GES) shares are on the move this morning. The retailer swung to a profit of $0.04 a share in the first quarter, analysts were expecting a loss of $0.05 a share. However, revenue missed estimates with sales falling more than 8% from a year earlier. The company also lowered its guidance for the current quarter, citing the strong dollar, but raised its outlook for the year.

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Synchronoss Technologies (SNCR) shares are soaring after the Wall Street Journal reported that the wireless software firm is working with a financial advisor on a possible sale that could be valued at more than $2 billion. Several private equity firms have expressed interest in the company, but it's possible a deal might not happen, according to the Journal.

Google (GOOGL) shares are in focus this morning as the tech giant holds its annual shareholder meeting today; investors are being urged to withhold votes from the board's committee responsible for setting executive pay. Advisory firm ISS said that the board failed to tie stock grants to executive performance. Some shareholders are also pushing for Google to fully disclose all of its lobbying.