Check out which companies are making headlines before the bell:
Lennar—The home builder reported quarterly profit of 79 cents per share for its latest quarter, beating estimates by 15 cents. Revenue also topped forecasts, with new orders jumping by 18 percent over a year earlier.
Applied Materials—Goldman added the semiconductor equipment maker's stock to its "conviction buy" list, citing a favorable product cycle and the company's increasing focus on its core business.
McCormick—The flavoring maker struck a deal to buy One World Foods, maker of Stubb's barbeque sauces, for $100 million.
Whole Foods—The organic grocery chain is reportedly being investigated by New York City officials for allegedly overcharging customers routinely, according to the New York Daily News.
Boeing—The jet maker named President and Chief Operating Officer Dennis Muilenburg as chief executive officer, effective July 1. He'll replace Jim McNerney, who will remain as chairman.
Netflix—Netflix announced a seven-for-one stock split, payable on July 14 to shareholders of record as of the close of business on July 2.
Freeport-McMoran—The mining company's Freeport-McMoRan Oil & Gas unit filed for an initial public offering of up to $100 million in common shares. The unit plans to list on the New York Stock Exchange under the ticker symbol "FMOG."
Alibaba—Alibaba is the latest retailer to remove Confederate flag-themed items from its website. Separately, the company's film unit is partnering with Paramount Pictures on the next installment of the "Mission Impossible" franchise.
Kroger, SuperValu—These and other supermarket stocks could move today, after Dutch supermarket operator Ahold announced a deal to buy Belgium's Delhaize. Ahold operates the Stop&Shop and Giant chains in the United States, while Delhaize is the parent of Food Lion.
Syngenta—The pesticide maker has rejected takeover offers from Monsanto multiple times, but Monsanto CEO Hugh Grant tells The Wall Street Journal he considers this a "long game" and still wants to get a deal done.
Ford Motor—Ford is testing a new car-sharing program, allowing owners of Ford-financed vehicles to rent their cars to pre-screened clients. Separately, Goldman upgraded Ford to "buy" from "neutral," while downgrading General Motors to "neutral" from "buy." Goldman said Ford will enjoy earnings momentum from its new F-150 line, while it considers GM more vulnerable to a weakening China market.
Sysco—Sysco's planned merger with US Foods has been temporarily blocked by a judge for further review. An extended review had been requested by the Federal Trade Commission, and some say the decision could ultimately kill the $3.5 billion deal.
Apple—Apple's new Apple Music service has signed deals with independent labels, according to Billboard.
CME Group—CME has delayed the final closing of its open outcry futures pits in New York and Chicago by four days, until Monday, July 6. A further review by the U.S. Commodity Futures Trading Commission could ultimately delay the closing by up to 90 days.