GO
Loading...

Early movers: AAPL, PNRA, CL, BBRY, SNE, BA & more

Check out which companies are making headlines before the bell on Monday:

Apple – CEO Tim Cook will meet with investor Carl Icahn today, presumably to talk about Apple's future stock buyback plans. Separately, Interbrand's annual Global Brands report ranks Apple as the most valuable for the first time, displacing perennial number one Coca-Cola.

Panera Bread – Morgan Stanley downgraded the restaurant chain's shares to "equal weight" from "overweight", saying Panera may be losing its historical ability to continue to drive same-store sales higher. The firm said investors may find more value in Chipotle Mexican Grill, which was upgraded to "overweight" from "equal weight".

Colgate-Palmolive– Morgan Stanley upgraded the consumer product company's shares to "overweight" from "equal weight", on expectations of sales growth superior to that of its peers.

BlackBerry – Bernstein upgraded the smart phone maker's shares to "market perform" from "underperform", saying any lack of credibility about the Fairfax takeover bid is now priced into the stock, and that there's a better than 50 percent chance it will succeed.

Boeing - Budget carrier Norwegian Air grounded a new 787 Dreamliner and is demanding that Boeing perform repairs. Norwegian said the jet needs fixing after less than 30 days in service.

Sony – The electronics giant got a boost from a new Reuters survey showing more U.S. shoppers prefer Sony's soon-to-be-released PlayStation 4 over Microsoft's new entry, the Xbox One. The survey also showed that 26 percent said they were likely to buy the PS4, while 15 percent said they would choose the Xbox One.

eBay – The online auction company was unsuccessful in an attempt to get a Department of Justice lawsuit dismissed. The suit involves an agreement between eBay and software maker Intuit in which they agreed not to recruit each other's employees.

Republic Airways – Republic is facing the possible failure of its planned sale of its Frontier Airlines unit. According to Reuters, the sticking point is stalled negotiations between Frontier pilots and prospective buyer Indigo Partners.

Achillion Pharmaceuticals - Achillion may face pressure in today's session after the FDA declined to lift its clinical hold on the drug maker's experimental hepatitis C treatment even though Achillion addressed the issues noted in a June 29 letter from the agency to the company.

J.M. Smucker – Citi upgraded the food producer's stock to a "buy", citing the positive effect of deflation in 2014 for packaged food companies.


—By CNBC's Peter Schacknow

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

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC's Senior Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.