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Early movers: JCP, WBA, HPQ, AAPL, M, FINL, LUV, MS & more

Trader on the floor of the New York Stock Exchange.
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Trader on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

KB Home — The home builder reported quarterly profit of 43 cents per share, 7 cents below estimates, with revenue also shy of forecasts. KB Home did see a 16 percent in new home deliveries in 2015, to its highest total since 2009, with average selling prices up 8 percent.

J.C. Penney — The retailer reported a 3.9 percent increase in comparable-store sales for the 2015 holiday shopping season, and also said it would generate positive free cash flow for fiscal 2015.

Walgreens Boots Alliance — The drug store operator reported quarterly profit of $1.03 per share, beating estimates by 7 cents, though revenue was slightly below forecasts. The company said its bottom line was helped by its ongoing effort to control costs.

Finish Line — The athletic footwear and apparel retailer lost an adjusted 49 cents per share for its latest quarter, much larger than the 4 cent loss anticipated by analysts. Revenue was also below forecasts, and Finish Line said it would close up to 150 stores, about 25 percent of its base, over the next four years. It did, however, announce an 11 percent increase in its quarterly dividend.

Constellation Brands — The spirits maker earned an adjusted $1.42 per share for its latest quarter, 12 cents above estimates, while revenue was slightly above forecasts. The company also increased its 2016 outlook based on strong results for its beer business.

HP Inc. — The printer and personal computer maker was downgraded at Wells Fargo to "market perform" from "outperform," which cited a lack of positive catalysts for 2016.

Southwest Airlines – Morgan Stanley upgraded the airline to "equal-weight" from "underweight," citing a recent pullback and improved pricing among other factors.

21st Century Fox — Fox Sports has reportedly put in a substantial bid for the National Football League Thursday night football package, according to TheStreet.com. Disney's ABC unit is said to be considering a bid as well for the package, which is currently held by CBS, but hasn't done so yet.

Wells Fargo — Citi upgraded Wells Fargo to "buy" from "neutral," seeing the stock at more attractive level following the recent pullback in bank stocks as a whole. Citi also said Wells Fargo faces less earnings risk than its peers.

Macy's — The retailer cut its financial outlook after a poor holiday season, and said it would cut more than 2,000 jobs.

Zumiez — Zumiez boosted its revenue and earnings guidance for the current quarter as its sales increase more than expected. Zumiez is a retailer of snowboarding and other action sports equipment.

Morgan Stanley — The firm named investment banking chief Colm Kelleher as its president, putting him in line to eventually succeed Chief Executive James Gorman.

United Continental — The airline's Chief Executive Oscar Munoz underwent a heart transplant, but the airline does expect him to return to his post sometime this spring.

Time Warner Cable — The cable operator said about 320,000 customers may have had their passwords stolen, likely through malware delivered through phishing attacks. The cable operator said there is no indication that its own systems were breached.

Yahoo — Yahoo is planning to cut 10 percent or more of its workforce, according to a report in Business Insider. Yahoo declined comment on the report, which said more than 1,000 people would be cut from various Yahoo businesses.

T-Mobile US — The wireless carrier is under scrutiny for its labor practices, accused by the Communications Workers of America of ignoring employee rights and engaging in illegal work practices. T-Mobile has denied those allegations.

Apple — Chief Executive Officer Tim Cook's compensation rose 11.5 percent to $10.3 million for 2015. Apple's sales and profits saw double-digit increases last year, but its share price fell for the first time since 2008.