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Early movers: CAB, CVX, MBLY, SUNE, YHOO, ZFGN, C, ASNA & 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:

Cabela's — The seller of hunting and camping equipment said its board of directors has begun a process to explore and evaluate strategic alternatives to enhance shareholder value.

Chevron — The oil giant was upgraded to "buy" from "neutral" at Citi, which points to an increasing focus on improved capital allocation and a strong balance sheet to weather lower oil prices.

Mobileye — Evercore began coverage on the provider of autonomous driving technology with a "buy" rating, saying it is the dominant player in the field.

SunEdison — The solar energy company terminated a previously announced agreement which would have seen it acquire a 16 percent stake in Brazil's Renova and subsequently sell certain assets to partially owned unit TerraForm Global. The companies involved in the deal are citing adverse market conditions in Brazil.

Zafgen — The drug maker said a second patient died in a late-stage trial of its obesity drug beloranib. The FDA had placed a partial clinical hold on studies of the drug following another death in October.

Yahoo — The Wall Street Journal reports the company's board will discuss selling the flagship internet business, how to maximize the value of its stake in Alibaba, and consider the future of CEO Marissa Mayer at meetings this week.

Ascena Retail — Ascena beat estimates by 8 cents with quarterly profit of 36 cents per share, with revenue matching forecasts. The parent of the Justice, Ann Taylor, Lane Bryant, and Dress Barn clothing brands also raised its 2016 full-year guidance as profit margins recover.

Facebook — Chief Executive Officer Mark Zuckerberg and wife Priscilla announced they would donate 99 percent of their Facebook shares – about $45 billion in value – to a new charitable foundation. The announcement follows the birth of their daughter.

Citigroup — Citi will keep its yearly bonus pool for traders and bankers unchanged from 2014 levels, according to a Bloomberg report.

JPMorgan Chase — JPMorgan Chase has struck a partnership with OnDeck Capital to offer small-dollar online loans to its small business customers.

Bob Evans Farms — Bob Evans earned an adjusted 41 cents per share for its latest quarter, 2 cents above estimates, and also announced a $100 million increase in its stock buyback program. It did, however, cut its full-year sales expectations and said it was still in the "early innings" of a turnaround.

Apple — Apple and other tablet makers will be on watch following an IDC report that global tablet computer shipments are expected to fall 8.1 percent this year from 2014.

Shutterfly — Chief Executive Jeffrey Housenbold will depart in February after serving in that role since 2005. Executive search firm Spencer Stuart has been hired to seek a replacement.

Questions? Comments? Email us at marketinsider@cnbc.com