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Early movers: BBY, OCR, HPQ, PFE, NKE, BABA & more

A trader works on the floor of the New York Stock Exchange.
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A trader works on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Best Buy—The electronics retailer reported adjusted quarterly profit of 37 cents per share, 8 cents above estimates, with revenue beating forecasts, as well. Comparable-store sales were up 0.6 percent, compared to consensus estimates of a 0.1 percent increase.

OmnicareCVS Health is buying the pharmacy benefits manager for $10.4 billion in cash, or $98 per share. The value of the deal is $12.7 billion when assumed debt is included.

Hewlett-Packard—HP is selling 51 percent of its China-based data networking operation to China's Tsinghua Holdings.

Pfizer—Jefferies tapped the drug maker as its top global pharmaceutical pick, based on a positive outlook for its drug pipeline as well as other factors.

Nike—Jefferies began coverage on the shoe and apparel maker with a "buy" rating, both on its business outlook as well as the potential for shareholder-friendly moves.

Alibaba—Bernstein initiated coverage on the China-based online retailer with a "high conviction outperform" rating, saying the Street is underestimating the company's growth potential.

Williams-Sonoma—The retailer reported quarterly profit of 44 cents per share, 4 cents above estimates. Revenue was essentially in line, although comparable store sales increased more than expected. The company's outlook for the current quarter, however, is below Street forecasts.

Salesforce.com—Salesforce beat estimates by 2 cents with adjusted quarterly profit of 16 cents per share, while revenue was in line with forecasts. The business software provider also increased its full-year forecast on increased subscription and services revenue.

L Brands—The apparel retailer earned an adjusted 61 cents per share for its latest quarter, 1 cent above estimates, with revenue slightly below. The Victoria's Secret parent did raise its full-year guidance, but gave a current quarter forecast that falls below analyst estimates amid increased promotions in the industry.

NetApp—NetApp fell 7 cents short of estimates with adjusted quarterly profit of 65 cents per share. Revenue also fell short, as did the data storage equipment maker's current quarter forecast. The company has been hurt by falling sales to original equipment manufacturers, and NetApp also announced it would shed about 500 workers as part of a restructuring.

Halliburton, Transocean—Both settled claims related to the 2010 Gulf oil spill with BP. BP will pay Transocean $125 million, and Transocean will then pay about $212 million to claims related to the spill. Halliburton did not disclose details of its deal with BP.

T-Mobile US—Deutsche Telekom CEO Tim Hoettges said he would consider a partnership to improve the performance of T-Mobile US, of which it owns 66 percent.

Shake Shack—Shake Shack is considering adding chicken to its menu in some way, according to a recent trademark filing.

Amazon.com—The company's Amazon Prime Now service is offering one-hour delivery from local stores In New York's Manhattan, including groceries, meals, and baked goods.

Goldman Sachs—Goldman will hold its annual shareholders meeting in San Francisco today, with management pay packages among the items on the agenda.

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