Early movers: APA, CAT, OREX, CPB, JCP, BA & more
Check out which companies are making headlines before the bell on Monday:
Apache– Apache is in talks with Argentina's YPF about selling assets in that country, according to Reuters. The oil and gas producer has interests in about 25 fields in Argentina, and had announced in May that it would sell $4 billion in assets to bolster its balance sheet.
Caterpillar–The stock was upgraded by Bank of America Merrill Lynch to "buy" from "neutral", as well as increasing its price target to $100 from $87.
Orexigen Therapeutics – The company said its weight loss drug Contrave is performing well in its latest study, and that it plans to resubmit the drug for FDA approval within the next few weeks.
Campbell Soup – Goldman Sachs cut Campbell to "neutral" from "buy", saying it was wrong in its prior assumption that the soup maker was on a path back to sustainable peer group average performance.
Clorox – Goldman Sachs downgraded Clorox to "sell" from "neutral", saying the stock's current premium is unjustified given its slow growth profile.
J.C. Penney – The retailer will be replaced in the S&P 500 Index after the close of trading November 29. Ingersoll-Rand is spinning off its commercial and residential security unit, Allegion (ALLE), to shareholders as of that date, with Allegion then replacing J.C. Penney in the S&P 500 and Ingersoll-Rand remaining in the index. Penney will move to the S&P MidCap 400, replacing Aeropostale.
Boeing – The aerospace giant is soliciting bids from possible locations for production of its 777X jet, with the company hoping to make a final decision in early 2014. Separately, Boeing has issued a warning about General Electric engines that power its 787 Dreamliner and the newest versions of its 747, saying those jets should avoid high-altitude thunderstorms that can lead to icing. For its part, General Electric said it has formulated a solution and is working that solution through the regulatory process.
Burger King – Goldman Sachs began coverage of the restaurant chain with a "buy" rating, saying it sees sustained earnings growth of 18 to 20 percent per year.
Jones Group – The company is in talks to be bought by private equity firm Sycamore Partners, according to Reuters. The price being discussed for the apparel retailer is about $1.3 billion, or less than $16 per share.
Alcoa–Goldman Sachs upgraded Alcoa to "buy" from "neutral", on the basis of its ongoing transition to a higher margin downstream business.
Google– The search giant is reportedly in discussions with at least one eye-wear company about creating fashionable frames and prescription lenses for its Google Glass wearable computing device. A report from Dow Jones said talks are in the early stages and there is no formal agreement as yet.
Yahoo – Yahoo will name Katie Couric as its "Global News Anchor" today, according to All Things D.
Apple – The iPhone maker is buying chipmaker PrimeSense for $350 million, following several reports that such a deal was in the works. PrimeSense is the company behind the chips used to power Microsoft's Xbox Kinect technology.
Microsoft– The software maker said it sold more than one million Xbox One videogame consoles in the first 24 hours after its Friday launch.
JetBlue– Raymond James cut its rating on the airline's stock to "underperform" from "market perform".
—By CNBC's Peter SchacknowQuestions? Comments? Email us at email@example.com