Check out which companies are making headlines before the bell:
Honeywell – Honeywell announced a planned spin-off of its Homes Products and Transportation Systems Businesses into two separate publicly traded companies. It expects those moves to be completed by the end of 2018.
Pfizer – The drugmaker said it would consider strategic alternatives for its consumer health-care business, which has $3.4 billion in annual sales. Pfizer said it may sell or spin off the division, or decide to retain it.
Wal-Mart – The retail giant announced a $20 billion share buyback program, as well as a financial outlook that is roughly in line with Street estimates. The company also projected a three percent or better increase in fiscal 2019 sales. The announcement comes ahead of the company's meeting with analysts in Arkansas.
AIG — The insurer predicted third-quarter catastrophe losses of about $3 billion. Most of that amount stems from damage caused by Hurricanes Harvey and Irma, as well as the earthquakes in Mexico.
Microsoft – Microsoft is the latest company to investigate whether Russians bought U.S. election-related ads on various Microsoft platforms, including its Bing search engine.
Ferrari – CEO Sergio Marchionne told Italy's Repubblica that the automaker will have a new SUV ready in 30 months, adding that it will be something "totally different that only resembles an SUV."
Jabil Circuit – Jabil Circuit was downgraded to "sell" from "neutral" at Goldman Sachs, which also set a price target on the contract electronics manufacturers stock of $26 per share compared to yesterday's close of $29.48. Goldman feels Street expectations for the semiconductor universe are overly optimistic and cautioning that Jabil's earnings have been among the most volatile.
General Electric – GE is on watch again today, after the Dow component fell nearly four percent yesterday following the appointment of a new chief financial officer and the addition of Trian's Ed Garden to its board of directors.
Activision Blizzard, Electronic Arts – These and other video game stocks could be pressured today following a Wall Street Journal "Heard On The Street" column that said recent success could set a high bar for the holiday shopping season. It added that gamers are playing fewer titles for longer times, making it harder for new games to break out.
Blue Apron – The meal kit provider will be on watch after Germany-based competitor HelloFresh announced plans for an initial public offering in Europe that could value it at up to $1.8 billion. HelloFresh's biggest market is in the U.S., where it has been spending heavily on advertising and promotion.
Eli Lilly – The drugmaker's shares were downgraded to "neutral " from "outperform" at Credit Suisse, which said it sees limited drivers to push Lilly stock higher following a 13 percent jump since August.