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Stocks to Watch: November 11, 2016

Check out which companies are making headlines before the bell:

J.C. Penney — The retailer's adjusted quarterly loss of 21 cents per share matched estimates, but revenue was below forecasts and comparable-store sales fell 0.8 percent. Analysts surveyed by Thomson Reuters had expected a same-store sales increase of 2.2 percent.

Walt Disney — Disney missed estimates by six cents a share, with adjusted quarterly profit of $1.10 per share. Revenue also missed forecasts. Disney's results were impacted by declining subscriber numbers at ESPN. Its shares at first tumbled in after-hours trading, but rebounded following more optimistic comments by CEO Robert Iger on Disney's earnings conference call.

Nordstrom — Nordstrom reported adjusted quarterly profit of 84 cents per share, well above estimates of 52 cents a share. The retailer's revenue beat Street forecasts, as well. Nordstrom's results got a boost from its Anniversary Sale, but the company did cut its profit forecast for 2016 while projecting flat comparable-store sales.

Michael Kors — Kors came in seven cents a share above estimates, with quarterly profit of 95 cents per share. The luxury goods maker's revenue matched forecasts, however it also issued a weaker-than-expected forecast for the holiday shopping season.

Nvidia — Nvidia trounced estimates by 26 cents a share, with quarterly earnings of 83 cents per share. The graphics chipmaker's revenue was also well above estimates as its new products sold well. The company announced a $2 billion stock buyback and a 22 percent dividend hike to 14 cents per share, as well.

Apple, Alibaba, Visa — Dan Loeb's Third Point hedge fund took new stakes in those companies, among others, and increased its holdings in Alphabet and Facebook. The information comes from the fund's quarterly 13-F filing.

Alibaba — Alibaba said its Singles' Day sales have already surged past last year's total, but the China-based online retailer's growth rates have slowed compared to a year ago. — Amazon was ordered by a judge to refund parents for in-app purchases made by children without permission. However, the judge also turned aside a request by the Federal Trade Commission for a $26.5 million lump sum payout.

CME Group — Chief Executive Officer Phupinder Gill is stepping down on December 31, with the exchange operator's executive chairman and president Terry Duffy adding the CEO role to his duties.

Valeant Pharmaceuticals — The drugmaker may change its name to repair damage to its reputation, according to investor Bill Ackman in a CNBC interview. Ackman is a Valeant board member and his Pershing Square Capital Management is a major stakeholder.

Waste Management — Waste Management named CFO James Fish as is new president and chief executive officer, succeeding David Steiner who had been CEO since 2004. The company is in the process of searching for a new CFO.

Quest Diagnostics — The medical lab operator raised its revenue growth outlook and announced a 12.5 percent quarterly dividend increase to 45 cents per share from 40 cents.

Aetna, Humana — Credit Suisse upgraded both health care companies to "outperform" from "neutral," on the idea that a Trump administration might improve prospects for health care stocks in general and also increase the chances that Aetna's pending deal to buy Humana would pass muster with antitrust officials.

Deckers Outdoor — The shoe retailer was upgraded to "buy" from "hold" at Stifel, after speaking with management about the company's shift in direction and changes in its leadership positions.

Tiffany — Cowen upgraded the luxury goods seller to "outperform" from "market perform," noting a comeback for the luxury category and that Tiffany is a well-positioned and trusted brand.