Tech Five: IBM reportedly near big acquisition

It appears Big Blue might be close to securing a big digital acquisition. Shares of International Business Machines are up slightly off the news.

Let's take a look at tech stocks to watch Wednesday:

IBM. The tech giant could announce a deal Wednesday to acquire the digital and data assets of The Weather Channel owner Weather Co., reports The Wall Street Journal. The acquisition is valued at $2 billion. Weather Co. CEO David Kenny will reportedly join IBM's once the deal closes.

Twitter. Wall Street is not happy with the social network's stalled user growth. Shares are down 11% after the company reported 320 million monthly active users in the third quarter, missing estimates. Twitter also fell short of analyst forecasts for its fourth-quarter outlook.

Apple. Shares of the iPhone maker are up nearly 2% as a huge bump in fourth quarter earnings and revenue were offset by a weaker-than-expected outlook for the first quarter. During the fourth quarter, Apple sold 48 million iPhones and earned $11.1 billion.

Yelp. The online recommendations site announces third quarter earnings after the markets close. Analysts forecast Yelp will report a loss of 9 cents a share off $141.42 million in revenue.

Comcast. The cable giant will start testing a wireless service leveraging Verizon's network, reports Bloomberg.

Follow Brett Molina on Twitter: @brettmolina23.