Early movers: SCTY, AMC, TJX, BUD, HOG, GS, HSY & more

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Check out which companies are making headlines before the bell:

SolarCity — The solar equipment company will be bought by Tesla Motors in an all-stock deal that values SolarCity at $25.37 per share. Independent members of both boards approved the deal after Elon Musk and others involved in both companies recused themselves from the process.

Diamond Offshore — The drilling contractor earned 16 cents per share for its latest quarter, beating estimates of three cents a share. Revenue was also above forecasts. Cost cutting helped the company offset lower oil process and lower demand for rigs.

AMC Entertainment — The movie theater chain missed estimates by two cents a share, with quarterly profit of 24 cents per share. Revenue was also below forecasts. The company cited a lackluster film slate, which impacted the entire industry, but notes that the trend was already starting to reverse when the quarter ended.

TJX — Goldman Sachs began coverage on the parent of TJ Maxx and other chains with a "buy" rating, saying its inventory put it into position to benefit during the back-to-school shopping season.

Etsy — Citi initiated coverage on the online crafts marketplace with a "buy" rating, saying earnings estimates for Etsy are far too conservative and that it sees good prospects for margin expansion.

Anheuser-Busch InBev — Susquehanna downgraded the beer brewer's stock to "neutral" from "positive," seeing few further catalysts now that the company's deal to buy SABMiller is close to the finish line.

Harley-Davidson — The motorcycle maker's shares were upgraded to "outperform" from "neutral" at BMO Capital Markets, with the firm saying Harley is a good contrarian play with sentiment extremely negative and with management on an upbeat long-term path.

European banks that trade in the U.S., such as Deutsche Bank, Royal Bank of Scotland, UBS, and Barclays, are in the spotlight this morning following the late Friday release of European bank stress tests. Most banks fared well, although RBS was among those cited for falling capital ratios.

GlaxoSmithKline — Glaxo and a unit of Google parent Alphabet have formed a new company focusing on fighting diseases through bioelectronics means. The new company will be known as Glavani Bioelectronics, with Alphabet and Glaxo contributing about $715 million.

Wynn Resorts, Las Vegas Sands — These and other casino companies operating in Macau could come under pressure, after new figures showed that gaming revenue in the Chinese territory fell for a 26th consecutive month in July.

Goldman Sachs — Goldman Sachs received subpoenas relating to its dealings with Malaysian investment fund 1MDB, according to The Wall Street Journal. 1MDB is at the forefront of an international corruption probe.

Hershey — Hershey is in the spotlight this morning following a New York Times article regarding a leaked internal memo at the Hershey Trust, which controls the chocolate maker. The paper said the memo reveals corrupt corporate culture and allegations of insider trading.

Dollar Tree — Dollar Tree was upgraded to "buy" from "hold" at Deutsche Bank, while rival Dollar General was downgraded to "hold" from "buy," with the firm saying Dollar Tree had better profit margin prospects than its rival discount retailer.

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