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Stocks to Watch: RIMM, NOK, LNKD FB & More

Take a look at some of Wednesday's morning movers:

Research In Motion - The BlackBerry maker expects to report an operating loss for the current quarter and that it foresees significant layoffs. RIM has also hired JPMorgan Chase and RBC Capital to help it evaluate strategic options.

Facebook - Facebook has received a second request for information on its proposed acquisition of photo-sharing service Instagram, meaning that a review of the purchase by antitrust regulators may be lengthy.

Nokia - Mobile Network Group managing director Paul Ansellem predicts Facebook will buy Nokia for $10 billion within 18 months, as it moves towards marketing its own smartphone. The prediction comes in a ComputerWorld article.

LinkedIn - The stock has been upgraded to "buy" at Citi, with a $125 price target. Analyst Mark Mahaney says a recent 20 percent pullback presents a buying opportunity, with the company demonstrating strong execution and customers indicating an increased amount of satisfaction with LinkedIn's networking services.

The Fresh Market - The upscale grocer reported first-quarter profit of $0.40 per share, four cents above estimates, with sales also topping consensus. Same-store sales rose 8.2 percent compared to the year earlier quarter.

Salesforce.com - The company is reportedly close to a deal to acquire Buddy Media for more than $800 million, according to AllThingsD. Buddy Media helps brands manage their Facebook presence.

Groupon - The daily deals provider is acquiring Breadcrumb, a maker of point-of-sale software for the hospitality industry. Terms of the deal were not disclosed.

Pep Boys - The sale of the auto-parts chain to private-equity firm Gores Group has been canceled, with Pep Boys receiving about $50 million in termination fees as a result. Gores had agreed to buy Pep Boys in January for $791 million, but later sought to delay the deal after Pep Boys reported just a slightly better than breakeven quarter.

Sallie Mae - The company has added about $400 million to a stock buyback program originally announced by the student lender in January, bring the total to $900 million.

Wynn Resorts - The hotel and casino operator's stock has been upgraded to "buy" from "neutral" at Goldman Sachs, with a price target of $136. Goldman says the current stock price reflects most of the risks the company faces, but not the potential upside.

Angie's List - Bank of America/Merrill Lynch has upgraded the stock to "buy" from "neutral." Angie's List is a collector of local reviews about various service professionals.

Finish Line - The footwear retailer has raised its current quarter profit forecast, thanks to better-than-expected sales. It's now predicting an 8.5 percent increase in same-store sales, and earnings of $0.22 to $0.23 per share, compared to a prior prediction of a mid-single-digits increase in sales and earnings of $0.21 per share. Current analyst estimates for the fiscal first quarter are at $0.22.

—By CNBC’s Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

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