Early movers: BAC, HAS, CALM, MRK, ARMH, GRPN, COH, XOM, MON, AAPL, GOOGL & more

These are the stocks on the move ahead of the opening bell:

Bank of America (BAC) — The bank reported quarterly profit of 36 cents per share, three cents a share above estimates. Revenue also beat forecasts. Profit did fall from a year ago as low interest rates continued to impact the bottom line.

Hasbro (HAS) — The toy maker earned 41 cents per share for its latest quarter, two cents a share above estimates. Revenue beat estimates, as well. Hasbro's results were driven by strong sales of Disney Princess and "Frozen" related dolls as well as "Star Wars" action figures.

Cal-Maine Foods (CALM) — The nation's largest egg producer lost one cent per share for its latest quarter, a much narrower loss than the 19 cents a share analysts were forecasting. Revenue was slightly below estimates, but the company said it was pleased with its results considering the industry is still dealing with the aftermath of 2015's avian flu outbreak.

Merck (MRK) — Merck was downgraded to "market perform" from "outperform" at BMO Capital, which said the risk/reward profile for the drugmaker is now balanced and that fundamentals don't currently justify higher valuations.

Arm Holdings (: ) — Japan's SoftBank Group struck a deal to by the chip designer and Apple supplier for more than $32 billion in cash.

Groupon (GRPN) — Groupon was upgraded to "overweight" from "neutral" at Piper Jaffray, which said the daily deals company is becoming more focused on the products and regions in which it can be successful.

Coach (COH) — Baird upgraded the handbag maker to "outperform" from "neutral," based on stronger sales prospects and progress by management in transforming the Coach brand.

Exxon Mobil (XOM) — The oil giant is bidding at least $2.2 billion for Papua New Guinea InterOil Corp. (IOC), trumping an offer from Oil Search Ltd. InterOil issued a release saying it found the Exxon Mobil bid to be superior. Exxon is focused on the abundant natural gas supplies found in Papua New Guinea.

Volkswagen (XETRA:VOW3-DE) — Volkswagen is promising restitution for U.S.-based dealers damaged by the automaker's diesel emissions scandal, according to dealers that met with the company on Friday. Volkswagen will unveil details on the program within a month.

Monsanto (MON) — Certain Monsanto shareholders want Germany's Bayer to raise its takeover bid to at least $130 per share from the current $125, according to a report in Germany's Handelsblatt.

Apple (AAPL) — Apple is proposing a simpler but more expensive music-streaming royalty plan, according to The New York Times. The paper said Apple is proposing a 9.1 cent fee for every 100 times a song is played, which is significantly more than what Spotify now pays.

Google (GOOGL) — Google has abandoned an internal project aimed at creating a virtual reality headset, according to Recode.

Hawaiian Electric (HE) — The utility ended its agreement to be bought by NextEra Energy (NEE) after Hawaiian officials rejected the $4.3 billion takeover deal. Hawaiian Electric is the state's largest corporation.

Madison Square Garden (MSG) — MSG got a positive mention in this weekend's Barron's, which said the sports and entertainment company is worth $275 per share based on its current holdings, well above the current price of $175.42.

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