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Actionable news in XOM: EXXON MOBIL CORPORATION,

Early movers: TSLA, INTC, COST, YUMC, P, F, PSMT & more

Check out which companies are making headlines before the bell:

Costco — The warehouse retailer posted a better-than-expected 6 percent rise in same-store sales for June.

Yum China — The restaurant operator reported in-line profit of 27 cents per share for its second quarter. Revenue was slightly below forecasts, with same-store sales up 3 percent. Sales growth was dragged down by sales at Pizza Hut, which were flat on a same-store basis and fell below analyst estimates.

Merck — The Food and Drug Administration (FDA) placed a clinical hold on three studies that tested the use of immunotherapy drug Keytruda in combination with other drugs to treat multiple myeloma. The FDA said the risks of the studies outweighed any potential benefits.

Exxon Mobil, Chevron — RBC Capital downgraded Exxon Mobil to "sector perform" from "outperform," and cut Chevron to "underperform" from "sector perform." The firm praises Exxon's execution and returns, but adds that its performance is already reflected in the stock's price. RBC's caution on Chevron stems from the company's rapid ramp-up in the Permian Basin.

Cypress Semiconductor — Cypress reached a settlement with former CEO and...


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