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Actionable news in JNJ: JOHNSON & JOHNSON,

Early movers: JNJ, DISH, HPQ, JBLU, AAL, TOL, BUD & more

Check out which companies are making headlines before the bell:

Johnson & Johnson —The medical products maker reported adjusted quarterly profit of $1.49 per share, 4 cents above estimates, but revenue came in below analyst forecasts. J&J's quarter was impacted by negative currency effects, although it did raise its full-year earnings outlook. Separately, the company announced a $10 billion share buyback program, citing a strong balance sheet.

Xerox — The company announced it would not fully complete implementation of its Health Enterprise Medicaid platform in California and Montana, and will take a charge of about $240 million related to that announcement.

United Technologies — RBC Capital cut its rating on the Dow component to "sector perform" from "outperform," saying it now sees the stock as fairly valued given the rally of the past few weeks and no discernible change to fundamentals.

Hewlett-Packard — Hewlett Packard Enterprise said its board had approved a $3 billion share buyback program, according to a U.S. Securities and Exchange Commission filing. Hewlett Packard Enterprise will become a separate publicly traded company in November.

General Electric — The stock was upgraded to "outperform" from "market...