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Early movers: KSS, MRK, COTY, TSLA, MNST, S, KO, XOM, VZ & more

Check out which companies are making headlines before the bell:

Kohl's—The retailer missed estimates by 9 cents with adjusted quarterly profit of $1.07 per share, with revenue also falling short of analyst forecasts. Kohl's said a delay in tax-free sales by a number of states had a larger than expected negative impact on its results.

Merck—The drug maker's stock was upgraded to "outperform" from "market perform" at BMO Capital Markets, on increased optimism about Merck's product pipeline.

Coty—The cosmetics and perfume maker reported adjusted quarterly profit of 8 cents per share, a penny above estimates, and revenue also beat consensus. Sales did fall for a third straight quarter, but not as much as anticipated.

Tesla—Tesla filed to offer 2.1 million common shares, to raise at least $500 million in new capital. CEO Elon Musk has indicated preliminary interest in buying up to 83,974 of those shares.

Monster Beverage—Morgan Stanley upgraded the beverage maker's stock to "overweight" from "equal weight," on the expectation of eventual share repurchases, and the idea that conditions...


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