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Check out which companies are making headlines before the bell:
Sears Holdings – Sears and General Growth Properties have announced a 50/50 joint venture which will see Sears contribute 12 of its stores located at GGP malls. GGP will contribute cash and then lease back the stores to Sears.
Wal-Mart Stores - The retail giant hosts a meeting for investors and analysts at the New York Stock Exchange today.
GoDaddy – GoDaddy makes its Wall Street debut today, after the web hosting company priced its initial public offering at $20 per share, above the expected $17 to $19 range. That values the company at about $4.5 billion.
Apple – Citi added the stock to its U.S. Focus list and reiterates a "buy" rating. Citi said most on Wall Street are underestimating continued demand for the iPhone 6 and 6 Plus, as well as demand for the models with more memory.
Delta Air Lines, United Continental, American Airlines Group – Deutsche Bank cut its rating on these airline stocks to "hold" from "buy," based on its prediction of weaker-than-expected international sales and other factors.
BB&T - JPMorgan downgraded the regional bank's stock to "neutral" from "overweight", on expectations for "mediocre" first quarter earnings at regional banks. The report also mentions headwinds for BB&T in the form of tepid loan growth.
ITT – ITT said a series of recently announced restructuring moves would result in cash charges of $13 million to $14 million and non-cash charges of $4 million to $5 million. The company adds that the moves are expected to result in annual savings of $17 million to $20 million.
Amazon.com – Amazon has unveiled a WiFi connected device called a "Dash Button," allowing consumers to order products from brands like Dash, Huggies, and Gillette merely by pressing the button. The offer is only open to Prime members who receive an email invitation.
Kinder Morgan – Kinder and Canadian partner Keyera will build a new storage facility in Edmonton that will hold 4.8 million barrels of crude oil.
RockTenn – RockTenn lowered its guidance for the just-ended fiscal second quarter, with the paperboard manufacturer citing poor winter weather and lower promotional activity, among other factors.
Hewlett-Packard – HP was upgraded to "buy" from "hold" at Jefferies, which said the shares offer more significant long-term value than is currently reflected in the stock's price.
Macerich – Macerich is on our watch list today after rival mall operator Simon Property withdrew its buyout offer. Simon said it pulled its $95.50 per share bid after Macerich's board decided not to hold discussions on the offer.
Sarepta Therapeutics – The drug maker said CEO Christopher Garabedian had resigned, to be replaced on an interim basis by the company's Chief Medical Officer Edward Kaye.
HSBC - A lawsuit against HSBC was dismissed by a New York judge, according to Reuters. The lawsuit had accused the bank of failing to file proper loan paperwork.
McDonald's – McDonald's is the subject of a European Union inquiry, with authorities asking Luxembourg for information on its tax arrangement with the U.S. fast food giant.
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