Traders work on the floor of the New York Stock Exchange.

Ford –Morgan Stanley downgraded the automaker to "underweight" from "overweight", based on a peaking U.S. auto cycle, among other factors.

Yahoo –The search giant is getting a boost from the announcement that Alibaba will sell more than 320 million shares to $60 to $66 per share, in what would be the biggest U.S. tech IPO ever . Yahoo currently holds a 22.5 percent stake in the China e-commerce company.

Check out which companies are making headlines before the bell:

Campbell Soup–Campbell earned 49 cents per share for its fourth quarter, excluding certain items, matching estimates, but revenue fell short.

Marriott–The hotel chain is planning to add up to 235,000 new rooms around the world through 2017. It will detail its plans at an investor meeting in Washington, DC today.

Whole Foods–The company is partnering with delivery service Instacart to offer one-hour grocery delivery in 15 U.S. cities.

Bank of America–Goldman Sachs upgraded Bank of America shares to "buy" from "neutral," saying investors will begin to focus on operational improvements as legal issues recede into the background.

Google–Jefferies added Google to its "Franchise Picks" list, based on the popularity of YouTube as the digital video ecosystem expands.

Multimedia Games–The gaming technology company is being bought by cash access solutions provider Global Cash Access Holdings for $36.50 per share or about $1.2 billion in cash. The deal represents a 31 percent premium to Friday's closing price for Multimedia Games shareholders.

Apple–The company will be getting extra attention this week, ahead of its product introduction event set for tomorrow. Separately, Vanity Fair is reporting that designer Marc Newson is joining Apple as part of Senior Vice President of Design Jony Ive's team.

CVS, Walgreens–The two drug store operators are expected to accept purchases through Apple's anticipated new iPhone payment system, according to Re/code. Separately, activist investor Jana Partners has been given two seats on the Walgreen board of directors, although Walgreen did not give any specific reason for the appointments.

Boeing–Boeing is expected to announce today that Europe's Ryanair is placing a $10 billion order for the 737 MAX jet.

Time Warner Cable–Time Warner Cable has filed a proxy that details separation agreements for executives if and when its acquisition by NBCUniversal parent Comcast goes through. Time Warner Cable CEO Robert Marcus would receive about $81.8 million. In addition, employees would receive a total of about $416 million in retention grants.

—By CNBC's Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com