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Early movers: RAI, GLW, TWTR, MNST, GPS, UA & more

Traders work on the floor of the New York Stock Exchange.
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Traders work on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Reynolds American—Goldman added the tobacco producer's stock to its "Conviction Buy" list, saying Reynolds has a "best-in-class" brand portfolio following its acquisition of Lorillard.

Corning—RBC upgraded Corning to "outperform" from "sector perform," saying the maker of TV displays and optical products will benefit from an upcoming upgrade cycle to new "4K" sets.

Twitter—MKM cut its rating on Twitter to "neutral" from "buy," saying it sees no catalysts for a short-term improvement in sentiment although it still believes in Twitter's long-term potential.

Monster Beverage—Citi added the energy drink maker's stock to its U.S. Focus List, saying it expects "outsized" sales and earnings growth over the next five years and that there is "considerable upside" to the stock from current levels.

Gap—The apparel retailer will close more than a quarter of its North American Gap stores over the next several years. It will also cut 250 jobs at its headquarters.

Under Armour—The athletic apparel maker will create a new class of stock that will have no voting rights. The new Class C shares will be traded on the NYSE, with shareholders getting one share of the new stock for each share they now own.

Toyota—Shareholders approved the creation of a new class of stock, despite opposition from a number of overseas fund. The new class of shares will not be listed and must be held for five years; after that period, shareholders will have the option of converting them into common stock.

Wal-Mart—The retail giant is the subject of a complaint filed with the Internal Revenue Service. A coalition of labor groups accuses the retailer's Walmart Foundation of violating its tax-exempt status through its donations. The group said the donations were made to mute opposition to expansion efforts in key markets.

Coty—The beauty products maker is on the verge of completing a deal to buy three businesses from Procter & Gamble for about $12 billion according to Reuters. Procter & Gamble is in the process of selling a number of its beauty related businesses.

Etsy—Etsy plans to launch a crowdfunding service, allowing sellers to raise money on the crafts retailer's website. The Wall Street Journal reports the service may be launched as soon as today.

Goldman Sachs—Goldman is planning to start an online consumer loan business, according to The New York Times. The paper said the idea is still in the early planning stages.

UPS—The delivery company is planning to end certain holiday season discounts for shippers, according to The Wall Street Journal.

Verizon—Chief Financial Officer Fran Shammo told a Wall Street Journal conference that the company has no desire to either sell the Huffington Post after it completes its deal to buy AOL, nor to buy Dish Network.


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