Early movers: MSFT, AAPL, KO, MCP, ORLY & more
Check out which companies are making headlines before the bell:
Microsoft (NASDAQ: MSFT)-Microsoft announced Windows 10 will be released on July 29. The company had previously said the updated operating system would be released "this summer."
Apple (NASDAQ: AAPL)-Apple has filed for a potential yen-based note offering in 2020, with minimum denominations of 100 million yen. The total size of the possible offering was not disclosed in the Securities and Exchange Commission filing.
Coca-Cola (NYSE: KO)-BMO upgraded Coke to "outperform" from "market perform," saying earnings expectations are reasonable and the current valuation has created an attractive entry point.
Citigroup (NYSE: C)-Citi's stock was upgraded to "buy" from "hold" at Goldman Sachs, which said a number of concerns regarding the bank have lessened but the stock price has not responded in kind. Goldman sees an attractive risk/reward scenario at current levels.
Molycorp (NYSE: MCP)-The rare earths processor is expected to announce today that it will skip a $32.5 million loan payment, according to Dow Jones. That action that could eventually lead to a bankruptcy filing.
O'Reilly Automotive (NASDAQ: ORLY)-O'Reilly said it would add an additional $500 million to its stock buyback program, bringing the auto parts retailer's total authorization to $5.5 billion.
Nvidia (NASDAQ: NVDA)-The graphics card maker expects its annual cloud computing revenue to reach the $1 billion mark within two to three years. That projection came from CEO Jen-Hsun Huang, speaking to reporters ahead of a technology trade show in Taipei.
General Electric (NYSE: GE)-GE has begun the sales process for part of its U.S. commercial lending assets, according to sources quoted by Reuters.
Intel (NASDAQ: INTC)-The chip maker is expected to announce its acquisition of rival Altera (NASDAQ: ALTR) for $54 per share sometime today, CNBC has learned.
Stifel Financial (NYSE: SF)-Stifel is in advanced talks to acquire the U.S. wealth management business of Britain's Barclays (London Stock Exchange: BARC-GB), according to Reuters.
Harley-Davidson (NYSE: HOG)-Harley is delaying its planned battery-powered motorcycle. CEO Matt Levatich told Dow Jones that the new product is unlikely to be on the market for at least two to three years.
Dollar Tree (NASDAQ: DLTR)-The discount retailer will sell 330 stores to private equity firm Sycamore partners, in order to smooth the way for regulatory approval of its planned acquisition of Family Dollar (NYSE: FDO). Financial terms were not disclosed.
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