Stocks to Watch, Oct. 23: AT&T, Ford and Wal-Mart

Among the companies whose shares are expected to see active trade in Friday's session are AT&T Inc., Ford Motor Co. and Wal-Mart Inc.

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American Express Co. (AXP) is set to release results. American Express's third-quarter net income is expected to show a decline, but Wall Street takes a bright view of its prospects. The company is expected to report earnings of $938.9 million, or 76 cents a share on revenue of $6.8 billion, according to the average numbers in a survey of analysts by Thomson First Call. For the year-earlier period, American Express reported net of $1.03 billion, or 82 cents a share, on $6.07 billion in revenue. But the year-ago quarter included profit from discontinued operations from the spin-off of its Ameriprise unit. Excluding Ameriprise, the company earned $865 million, or 69 cents a share, in third-quarter of 2005.

Amgen Inc. (AMGN) will post higher third-quarter results on Monday that will once again include sales of its anemia drug Aranesp that top $1 billion. The company is seen posting earnings of 97 cents a share for the quarter ended Sept. 30, according to a consensus estimate compiled by Thomson First Call, up from 85 cents a share in the same period in 2005. Revenue is expected to come in at $3.61 billion vs. $3.15 billon last year.

ATT Inc. (T) is scheduled to report earnings. AT&T is expected to earn 58 cents a share on revenue of $21.3 billion

Ford Motor Co. (F) leads off earnings reports from the Big Three automakers. Ford is expected to turn in a loss of 61 cents a share on sales of $32.03 billion, with the North American business forecast to take another big hit.

Google Inc. (GOOG) shares picked up 48 cents Friday to end at $460.15, extending their 7.9% increase during the day. Late Thursday, the company said its quarterly profit almost doubled on stronger sales. A number of Wall Street analysts raised their price targets on Google's stock and three set price targets of $600 for the shares.

Lumera Corp. (LMRA) topped volume movers during the late session Friday, and closed down 3.8% at $6.41. In the past week, the stock jumped 33% after the electronics manufacturer said that tests of its millimeter-wave wireless bridge were successful. The system allows for the transmission of large amounts of data through a variety of high-speed telecommunications networks, the company said.

Netflix Inc. (NFLX) is set to release earnings.

Texas Instruments Inc. (TXN) is scheduled to report earnings.

Xerox Corp. (XRX) is scheduled to report earnings.

Western Union Co. (WU) files its first report since spinning off from First Data Corp. (FDC) earlier this month.

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