Auto sales in view; Apple's music comeback; Fitbit's IPO

Investors treading water a bit in the early going on Wall Street.  Yahoo Finance Senior Columnist Michael Santoli says stocks (^GSPC) might be in a holding pattern all week long.

"A lot of moving parts in Europe, which have people looking at inflation numbers, also the Greek story-- I think there's a little bit of suspense ahead of Friday when there may be some kind of terms set-- and all this comes as U.S. economic data firms up," he explains. "So all of it is building up to Friday when we, perhaps, may have some news on Greece and of course the jobs number here."

Related: Central banks get what they want, but is it what investors need?

Also in focus, May auto sales. Santoli says analysts are looking for both a big increase in numbers...and dollars spent.

"It seems we're going to be talking a lot about the higher-end simply because it's those trucks and luxury models that have been moving the fastest," he notes.  "Most interesting to me is how the stocks react to see if people are going to build in a further acceleration in this trend."

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Dollar General jumps

Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.

PVH (PVH) shares are higher in early trading. The company behind Calvin Klein and Tommy Hilfiger brands reported better-than-expected earnings and revenue for its first quarter. The retailer said results were mostly driven by the strength in its Calvin Klein business. The company also raised its full-year earnings outlook and announced a $500 million stock buyback.

Dollar General (DG) shares are jumping this morning. The discount retailer is reporting earnings per share that beat forecasts. Revenue came in slightly shy of estimates, but sales still rose nearly 9% from a year earlier due to increase in both customer traffic and as shoppers spent more per transaction. Dollar General, which lost the takeover battle to buy Family Dollar (FDO) to Dollar Tree (DLTR), said it would speed up store openings this year as it looks to maintain its dominance in the dollar store space.

Related: Dollar General pops on profit beat; PVH in vogue; Big Tobacco ordered to pay up

British American Tobacco (BTI) subsidiary -- Imperial Tobacco Canada, Philip Morris (PM) and Japan Tobacco are on investors’ radar after a Canadian court ordered the three firms to pay about  $12.5 billion in damages to  smokers in Quebec. The two class action lawsuits accuse the firms of failing to warn smokers about the health risks associated with smoking. The companies reportedly said they would appeal the ruling.

Apple (AAPL) shares are in focus this morning. The tech giant is reportedly preparing to release a $10 dollar per month music subscription service. Apple is expected to announce the launch of the platform at its developer conference next week.

Fitbit IPO

Fitbit, the fitness tracking device maker, is seeking to raise $358 million in its IPO.  The company plans to sell 22.4 million shares priced between $14 and $16. In its filing last month, Fitbit reported that its sales that have more than doubled each year since 2012.

Dozens of health insurers are proposing to hike rates by more than 10% next year, according to healthcare.gov. The increases would apply to plans sold through exchanges created by the Affordable Care Act, as well as individual plans bought through agents.

Related: Fitbit eyes $358M in IPO