Check out the companies doing headlines before the bell:
Chevron – The energy producer was upgraded to “outperform” by “market perform” at Raymond James, saying Chevron can be positioned better than peers to benefit by higher oil prices.
Apple – Apple hired Waymo senior self-driving car engineer Jaime Waydo away by the Alphabet unit, in what’s seen as a sign of Apple’s escalating ambitions from the self-driving market. Waydo worked at NASA’s Jet Propulsion Laboratory before joining Waymo.
JD.com – JD.com can be getting a $550 million investment by Alphabet’s Google unit, as Google works to expand its presence from the Asian marketplace. The partnership will include promotion of the Chinese e-commerce giant on Google’s shopping service.
Mellanox Technologies – Mellanox can be near a deal with activist investor Starboard Value over the composition of the Israeli chipmaker’s board of directors, according to a Reuters report. A deal between the two sides could be announced as soon as This particular week, according to the report, which would certainly avoid a proxy fight at the Mellanox annual meeting next month.
Unilever – Unilever has cut ties with digital media “Influencers,” people who earn money by posting about various products. The consumer products giant, which can be the globe’s second-largest advertiser, said This particular wants to make its advertising more transparent.
Perry Ellis International – Perry Ellis will be taken private by an entity controlled by the apparel maker’s founder along with former executive chairman George Feldenkrais. The deal can be valued at $437 million, or $27.50 per share, a roughly 22 percent premium over the stock’s cost prior to the initial offer by Feldenkrais in early February.
CBS – CBS could be sold to someone different than Viacom, according to The Wall Street Journal’s “Heard On The Street” column. The paper cites the prospect of brand-new media deals following AT&T’s successful court fight for approval of its deal to buy Time Warner.
Walt Disney – Disney was downgraded to “sell” by “hold” at Pivotal Research, noting in which Disney will have to either pay a higher cost for the 21st Century Fox assets This particular plans to buy, or face the negative consequences of the deal falling through.
BlackRock – BlackRock was upgraded to “buy” by “neutral” at Citi, in a reversal of an analyst move in January. Citi cites optimism following the asset manager’s recent Investor Day, saying BlackRock can be well-positioned in a changing industry along with far ahead of key peers in technology.
Zillow Group – Zillow was downgraded to “neutral” by “buy” at Goldman Sachs, which said This particular sees limited opportunity for the real estate website operator’s stock to outperform following a significant stock run-up so far This particular year.
Southwest Airlines – Evercore added the airline’s stock to its “Core Ideas” list, following investor meetings with Southwest’s senior leadership. Evercore can be citing a strong balance sheet, depressed investor sentiment, along with revenue improvement potential, among different factors.
Xerox – Japan’s Fujifilm will ask a judge to enforce its merger agreement with Xerox, according to the brand-new York Post. Xerox called off the deal in May following objections by major shareholders Carl Icahn along with Darwin Deason.