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Early movers: WY, GPS, CME, BBRY, LULU, TWC & more

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

Kohl's – UBS upgraded the retailer's stock to "buy" from "neutral", based on the success of multiple turnaround initiatives.

Gap – Goldman Sachs downgraded the retailer's shares to "neutral" from "buy", saying recent data points have cast doubts on third quarter performance as well as the holiday season.

CME Group – The exchange operator earned 75 cents per share for the third quarter, two cents above estimates, with revenue also above consensus. CME benefited from an increase in trading volume during the quarter.

BlackBerry —Dow Jones reports that Qualcomm will join private equity firm Cerberus and BlackBerry's co-founders for a possible bid for the smartphone maker. Meanwhile, Reuters is reporting that Fairfax Financial, BlackBerry's largest shareholder, is having trouble raising financing for its own $4.7 billion bid.

Berkshire Hathaway – Berkshire reported third quarter profit of $2228 per share, below estimates of $2402, although revenue came in above consensus. Weakness in the company's insurance unit held back gains, though profits were up 29 percent from a year earlier.

HSBC – The bank posted a 23 percent increase in profit for the first nine months of this year, compared to a year earlier. HSBC is Europe's biggest bank by market value.

Weyerhaeuser – Weyerhaeuser will merge its homebuilding division with Tri Pointe Homes in a deal valued at $2.7 billion dollars. Tri Pointe is controlled by Barry Sternlicht's Starwood Capital.

Lululemon Athletica – The athletic apparel maker is being hit with a new round of customer complaints over the quality of some of its pants, according to Reuters. Lululemon was forced to recall overly-sheer yoga pants last spring in a widely publicized incident.

Time Warner Cable – The company is once again the subject of takeover chatter, with Reuters reporting that Charter Communications is weighing a bid for the cable operator before the end of the year.

U.S. Airways Group – The carrier and American Airlines parent AMR need to agree to a wide ranging package of divestitures to win approval of their proposed merger, according to Reuters. The airlines and the government have been talking about ways to settle their dispute, with atrial setto begin in a few weeks.

AK Steel, U.S. Steel – Goldman Sachs upgraded the steel sector to "neutral" from "cautious", saying risks associated with oversupply had been priced in. Goldman raised its rating on AK Steel and U.S. Steel to "buy" from "neutral" as part of that overall move.

NetApp – Piper Jaffray downgraded the storage equipment maker to "neutral" from "overweight".

Alcatel-Lucent – The telecom equipment maker plans to raise $1.3 billion in a secondary offering, and $750 million dollars from high yield bonds, as Alcatel struggles to revamp its finances.

—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.