Check out which companies are making headlines before the bell:
Best Buy – The electronics retailer beat estimates by 15 cents with adjusted quarterly profit of 49 cents per share, with revenue also beating forecasts. Same-store sales rose 2.7 percent, compared to the Thomson Reuters forecast of a 1.0 percent increase.
JPMorgan Chase – CLSA analyst Mike Mayo upgraded the bank's stock to "buy" from "outperform", citing a resilient balance sheet and earnings stability.
DSW – The shoe retailer matched estimates with quarterly profit of 42 cents per share, but revenue and a same-store sales increase of 1.8 percent both missed analyst projections. The company did say profit margins were expanding while the merchandise mix is shifting in a more favorable direction, and it remains confident in its outlook.
Sanderson Farms – The poultry producer fell substantially shy of the $2.90 consensus estimate with quarterly profit of $2.27, while revenue was also below forecasts. The company said a key factor in the quarter's results was continued pricing pressure.
Apple – The stock was upgraded to "outperform" from "market perform" at Wells Fargo, which cites valuation after the recent decrease in the stock's price and reassurances about China from CEO Tim Cook in an email to CNBC's Jim Cramer.
Toll Brothers leads our list of stocks to watch, with the luxury home builder reporting a 12 percent rise in third quarter orders. Earnings and revenue were roughly in line with estimates, although profits were down from a year earlier.
Bank of America – The stock was upgraded at Bernstein to "outperform" from "market perform" on a valuation basis, with a similar move at Baird.
American Eagle – The stock was upgraded to "outperform" from "market perform" at FBR, which points to the teen apparel retailer's consistent execution.
Sherwin-Williams – The paint maker's shares were upgraded to "buy" from "neutral" at Sterne Agee, which said the company's U.S. and Canadian markets are improving and input costs are declining.
Macy's – The retailer's shares were upgraded to "hold" from "sell" at Deutsche Bank, following a recent decline in the stock.
SolarCity - Chairman Elon Musk bought nearly 124,000 addition shares at just over $40.48 per share. That follows a slide in the solar equipment maker's shares that came after hedge fund manager Jim Chanos told CNBC last week that he's short SolarCity stock.
Toyota – The automaker said it is testing air bag inflators made by two competitors to Takata, the company whose equipment has been involved in a massive worldwide recall.
BHP Billiton – The mining company saw its profit drop to a 10-year low during its latest quarter, amid plunging prices for iron ore, copper, coal, and oil. The company is planning additional spending cuts, in part to keep its pledge not to cut its dividend. CEO Andrew Mackenzie will be a guest on Squawk On The Street at 9:00 a.m. ET.
Syngenta – Syngenta shares are jumping this morning after Monsanto reportedly sweetened its prior takeover offer for the Swiss chemical maker to $47 billion, an increase of 4.7 percent over the prior offer.
Boeing – Boeing raised its forecast for aircraft demand in China over the next 20 years by five percent, estimating 6,330 aircraft purchases during that period.